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Class 1 Exam Q&A : 2022/OCT/02 – 2024/JAN/01
Question

Q2. Explain the principle of "Uberrimae Fidei" in Marine Insurance. What are the different disclosures which must be made by the insured to the insurer in Marine Insurance? List the circumstances which need not be disclosed to the insurer. What happens to the Marine Insurance contract if the disclosures are not made to the insurer at the time of the conclusion of the contract?

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