Mr Ajai did not disclose that he stores drums of petrol when he took a…

Mr Ajai did not disclose that he stores drums of petrol when he took a fire insurance policy. Under which of the following principles will the insurance company reject his claims
  • A.
    Subrogation
  • B.
    Utmost good faith
  • C.
    Insurable interest
  • D.
    Proximate cost
Correct Answer: Option B
Explanation
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