Commercial Law, 2011 Bar — Question 26

MULTIPLE CHOICE

An insured, who gains knowledge of a material fact already after the effectivity of the insurance policy, is not obliged to divulge it. The reason for this is that the test of concealment of material fact is determined A) at the time of the issuance of the policy. B) at any time before the payment of premium. C) at the time of the payment of the premium. D) at any time before the policy becomes effective.

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