SEO MCQ Question Page

Which statement best explains Utmost good faith?

Practice this MCQ with options, instant answer checking, explanation, exam-wise filters, next/previous navigation and shareable result image.

Question ID #26709 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium

Which statement best explains Utmost good faith?

Correct Answer: B. Duty of parties to disclose material facts relevant to insurance contract
Utmost good faith: Duty of parties to disclose material facts relevant to insurance contract

Question: Which statement best explains Utmost good faith?

A. Risk-transfer arrangement under which an insurer provides financial protection in return for premium

B. Duty of parties to disclose material facts relevant to insurance contract

C. Change in behavior or risk arising because protection from loss exists

D. Insurer's right, after paying a loss, to pursue recovery from a responsible third party

Correct Answer: B. Duty of parties to disclose material facts relevant to insurance contractUtmost good faith: Duty of parties to disclose material facts relevant to insurance contract

← Previous Question Next Question →

Which statement best explains Utmost good faith? - MCQ Explanation

This question is useful for exam preparation because it provides direct multiple-choice practice with options, answer checking and explanation.

Correct answer: B. Duty of parties to disclose material facts relevant to insurance contract