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An insurance application requires an applicant to make a full, accurate disclosure of the risk factor involved. Using this criteria, an insurance policy is considered what type of contract?
A. Aleatory contract
B. Estoppel contract
C. Contract of utmost good faith
D. Unilateral contract
Answer: C. Contract of utmost good faith
The above question An insurance application requires an applicant to make a full, accurate disclosure of the risk factor involved. Using this criteria, an insurance policy is considered what type of contract?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
