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What is utmost good faith?

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Question ajoutée par mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice
Date de publication: 2013/12/20
Syed Kamaal Haider
par Syed Kamaal Haider , Senior Motor Claims Executive , “ORIENT” (Arab Orient Insurances Company P.J.S.C.- An Al Futtaim Group of Co.'s)

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 insuance object, this is called as utmost good faith. 

PraveenKumar Durairajan
par PraveenKumar Durairajan , Customer service representative , Groupon

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 insurance. A person must, therefore, always be honest and accurate in the information they give to the insurance company. The insurance company also has a responsibility to act with good faith in all its dealings with the insured. There by ensuring the trust based on the reliability and Determination of the Quality of Work thats Visible to persons entered into contract

Roshan Kamaljith Silva
par Roshan Kamaljith Silva , Life & Medical Underwriter , Asian Alliance Insurance

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 the contract. Also called: uberrima fides

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