Bokang Construction, a reputable construction company in Ditsobotla, North West, embarked on a large-scale residential housing project aimed at providing affordable homes for the local community. The project is critical for addressing the housing shortage in the region. The area is known for experiencing unpredictable weather patterns and infrastructure challenges, which could potentially impact the construction timeline and budget of the housing project. The principle of utmost good faith is crucial in insurance underwriting. What does this principle require from Bokang Construction when applying for insurance?