The Onus of Proving That All Material Facts Have Been

question 47

True/False

The onus of proving that all material facts have been disclosed rests with the insured.

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Definitions:

European Counterparts

Indicates the European equivalents or peers in rank, function, or role to a specific reference outside of Europe, often used in comparative analyses.

Spread of Electricity

The expansion or dissemination of electric power and its application throughout societies, significantly impacting industrialization, communication, and daily life.

Economy Surged

A term describing a significant and rapid increase in the economic activity and growth of a region or country, often measured by GDP growth.

High Tariff

A government-imposed tax on imported or exported goods, typically used to protect domestic industries from foreign competition or to generate revenue.