A Key Consequence of the Designation of Insurance Contracts as Contracts

question 39

True/False

A key consequence of the designation of insurance contracts as contracts of the utmost good faith is the imposition on the insured of a duty to disclose.

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Definitions:

Potassium Ions

Essential electrolytes in the body that help regulate fluid balance, nerve signals, and muscle contractions.

Fluid Interior

Refers to a substance or space inside an object or organism that is filled with fluid or capable of flowing.

Resting Axon

The state of a nerve cell's axon when it is not transmitting an electrical signal, characterized by its resting membrane potential.

Myelin Sheaths

Protective coverings around nerve fibers in the central and peripheral nervous systems, speeding up the transmission of electrical signals.