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mukkur srinivasan varadhan's image
Question added by mukkur srinivasan varadhan Chartered Accountant Chartered Accountant in practice
10 years ago
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PraveenKumar Durairajan's image  
Answer added by  PraveenKumar Durairajan, Customer service representative, Groupon
10 years ago

The principal means that every person who enters into a contract of insurance has a legal obligation to act with utmost good faith towards the company offering the insura ... See More

Syed Kamaal Haider's image  
Answer added by  Syed Kamaal Haider, Senior Motor Claims Executive, “ORIENT” (Arab Orient Insurances Company P.J.S.C.- An Al Futtaim Group of Co.'s)
10 years ago

It is assumed that information provided by the propser for an insurance in the proposal form is true & proposer had not hide any material fact about the proposed for ... See More

Roshan Kamaljith Silva's image  
Answer added by  Roshan Kamaljith Silva, Life & Medical Underwriter, Asian Alliance Insurance
10 years ago

A principle used in insurance contracts, legally obliging all parties to reveal to the others any information that might influence the others' decision to enter into ... See More

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Answer added by  Deleted user
10 years ago

Utmost Good Faith is the Top Most Basic Principle in Insurance. Utmost Good Faith imposes a legal obligation on the proposer to disclose material information / facts to t ... See More