n NISM Certifications
NSM General NISM
Medium

What does the Principle of Utmost Good Faith and Duty of Disclosure require?

Practice question from IC 38 Mock Test 16 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The insurer must furnish a copy of the proposal

  2. The proposer must provide correct and complete information

    Correct answer

  3. C

    The insurer decides on rates, terms, and conditions

  4. D

    Information must be kept confidential from third parties

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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