Match the descriptions with their terms:
-The principle of _________________ imposes a higher standard of honesty on parties to an insurance agreement than is imposed in ordinary commercial contracts.
A) aleatory contract
B) Concealment
C) contract
D) Estoppel
E) express
F) insurable interest
G) insurance
H) large-loss principle
I) reasonable expectations
J) representation
K) requisites of insurable risk
L) subrogation
M) utmost good faith
N) waiver
O) warranty

Question

Quizplus · Accepted Answer

The Answer of Match the descriptions with their terms:
-The principle of _________________ imposes a higher standard of honesty on parties to an insurance agreement than is imposed in ordinary commercial contracts.
A) aleatory contract
B) Concealment
C) contract
D) Estoppel
E) express
F) insurable interest
G) insurance
H) large-loss principle
I) reasonable expectations
J) representation
K) requisites of insurable risk
L) subrogation
M) utmost good faith
N) waiver
O) warranty

Match the Descriptions with Their Terms