Which of the Following Statements Best Describes the Result When

Which of the following statements best describes the result when an insured under a policy of life insurance has not disclosed to the insurer that he is an avid bungee jumper?

A) The insured has breached his fiduciary duty to the insurance company
B) The insured has not breached any duty owed to the insurance company as bungee jumping is legal.
C) The insured has breached the duty of utmost good faith owed to the insurer.
D) The insurer can claim punitive damages against the insured for the non-disclosure.
E) The insurer has accepted the undisclosed risk by virtue of its failure to ask the question.