Asked in Insurance
What is utmost good faith?
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Asked in Law & Legal Issues, Insurance, Probate, Definitions
Why caveat emptor does not apply to an insurance contract?
Asked in Life Insurance
What is the principle of utmost good faith in relation to life insurance?
Asked in Insurance, Probate, Definitions
Why does The doctrine of caveat emptor not apply in insurance contract?
Asked in Probate, Law & Legal Issues, Definitions
Why the doctrine of caveat emptor is applicable to an insurance law?
Asked in Insurance, Life Insurance, Contract Law
Why is important to have utmost good faith in insurance contract unlike other commercial contract?
as it differentiate insurance contract from other commercial contract so it is important.A contract of insurance is a contract of Utmost good faith technically known as uberrima fides. The doctrine of disclosing all material facts id embodied in this important principle which applied to all forms of insurance.
Difference between insurance contract and general contract?
Asked in Law & Legal Issues, Insurance
What exactly is principle of utmost good faith?
Utmost good faith" in insurance means that: 1 an insured will trust the insurers implicitly to compensate him in the event of a loss occurring. 2 both parties have agreed that a contract will be legally binding. 3 the insurers trust the policyholder to pay the required premium at some time after the insurance cover commences. 4 the insured must disclose to the insurers all facts about the risk to be insured, and the insurers must disclose to the insured full details and terms of the cover to be provided.
Asked in Contract Law
What is the difference between insurance contract and other contract?
Asked in Insurance, Estates
What is the essentialia of a contract between client and insurance company?
Asked in Books and Literature
How many pages does Good Faith Collaboration have?
Asked in Christianity, DIY Projects
How do you explain Show good faith?