Question

a)Discuss the principle of utmost good faith with relevant facts and examples. In which situations principle of utmost good faith is violated? Provide some unique facts that must be discussed by the insured at the time of having a life insurance policy and without the disclosure of those facts the policy may come
to an end.​

Answer 1

Answer:

The principle of utmost good faith makes the application for insurance easier. ... An insurance contract is voidable by the insurer if any representation is known to be false by the client, for example, if the Policy Holder did not disclose that they had a previous claim, conviction or cover restriction.