An important aspect of insurance regulation is the imposition on insurers of a duty of __________ toward the insured.

Question

Quizplus · Accepted Answer

The correct answer is B) good faith. This is because insurance contracts are based on the principle of utmost good faith (uberrima fides), requiring both parties, especially the insurer, to act honestly and not mislead or withhold critical information from each other.

An Important Aspect of Insurance Regulation Is the Imposition on Insurers