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Question: Principle of utmost good faith is also known as __________.

Options:

  1.  subrogation
  2.  causa proxima
  3.  insurable interest
  4.  uberrima fides

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4. Uberrima fides

Principle of utmost good faith is also known as uberrima fides.

Uberrimae fidei or 'uberrima fides' literally means "utmost good faith" in Latin. It states that the insurer and the insured must disclose all material facts before the policy inception.

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