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Chapter 5 Good faith 5/15

Self-test questions
1. What is the definition of utmost good faith?

2. Who does the principle of utmost good faith apply to?
3. How can insurers alter the common law position regarding the timing of disclosure?
4. What is a material fact?
5. What are three examples of material facts in relation to moral hazard?
6. Which material facts do not need to be disclosed?
7. When a policyholder is found to have breached their duty of disclosure, what option is open to the insurer?

8. Explain the difference between non-disclosure and misrepresentation
You will find the answers at the back of the book Reference copy for CII Face to Face Training Chapter

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