Which of the following is NOT a requirement for an enforceable insurance policy?

An enforceable insurance policy must typically meet several key requirements, and while disclosure of material facts is highly encouraged for fair dealings and underwriting purposes, it is not a strict legal requirement for the validity of the contract itself. The enforceability of an insurance policy primarily hinges on other factors such as mutual consent, a lawful object of the contract, and the payment of premiums.

Mutual consent refers to both parties—insurer and insured—agreeing to the terms of the policy. This reflects the foundational legal principle of contract law that conditions any agreement be made with the intent of both parties.

The lawful object of the agreement ensures that the contract is not for illegal purposes, which is critical for its enforceability. Lastly, the requirement for the insured to pay premiums is essential, as it establishes the contractual obligation of the insured and creates the insurer's obligation to provide coverage.

Thus, while disclosing material facts is important for transparency and effective risk assessment, failing to do so doesn’t automatically invalidate the contract. Its absence affects the obligations or potential defenses in the event of a claim rather than the enforceability of the policy itself.