The principle of utmost good faith in insurance means that:

a.Only the insured is required to be completely honest, while the insurer owes no comparable duty of disclosure
b.The producer personally guarantees the insurer's performance
c.Both parties rely on the honesty and full disclosure of the other
d.Neither party owes the other any duty of honesty

Explicación

Utmost good faith obligates both the applicant and the insurer to deal honestly and disclose material facts. It is not a one-sided duty, nor a producer guarantee.

Practica las 716 preguntas gratis — sin registro.

Own the complete California Life & Health Insurance Producer Exam guide — PDF + EPUB, $19.99 →

Preguntas relacionadas de este tema

Última revisión: · proceso editorial

Equipo de PrepPass · Verificado con California Life & Health Insurance License Exam · Cómo revisamos
Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)
Reportar