Regarding insurance contracts,utmost good faith is important because
A)insurance records follow the policy holder for life.
B)the insurance company is in a position of superior knowledge.
C)the insured must calculate her or his risks.
D)third parties may be involved-especially with liability policies.
E)without it,there is fraudulent omission.

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The Answer of Regarding insurance contracts,utmost good faith is important because
A)insurance records follow the policy holder for life.
B)the insurance company is in a position of superior knowledge.
C)the insured must calculate her or his risks.
D)third parties may be involved-especially with liability policies.
E)without it,there is fraudulent omission.

Regarding Insurance Contracts,utmost Good Faith Is Important Because