Skip to content
doubtly
Sign up

1 answer

Log in to upvote 0 Log in to downvote

Best answer

Answer:

Utmost good faith (uberrimae fidei) is a basic principle of insurance. Both parties to an insurance contract, the insured and the insurer, must disclose all material facts honestly and fully to each other. For example, the insured must disclose his health, age and habits in life insurance, and the insurer must explain the terms of the policy. If any material fact is concealed or misrepresented, the contract becomes voidable at the option of the other party.

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report
Was this answer helpful?
Sign in to comment

Your answer

Log in or create a free account to answer this question.