JAMB Commerce 2018 Objective — Question 23

Question 23 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2018 Objective paper, with the correct answer and a full explanation.

The insurance principle that requires full disclosure of information on the insured is known as

A. indemnity
B. caveat emptor
C. subrogation
D. uberrimae fideiCorrect

Explanation

Uberrimae fidei (utmost good faith) is a legal principle in insurance contracts, requiring the highest standard of good faith during disclosure.

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