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

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

Regarding Insurance Contracts, Utmost Good Faith Is Important Because