Business Studies, asked by fatemalakhankawala50, 7 months ago

explain the principle of ulmost good faith??​

Answers

Answered by Anonymous
3

Answer:

The principle of utmost good faith, uberrimae fidei, states that the insurer and the insured must disclose all material facts before the policy inception. ... This principle applies to both life insurance and general insurance policies.Jun

Answered by jay772
1

Explanation:

the principal of ulmost good faith uberrimae fidai , state that the insurer and the insured must disclose all material fact before the policy inception.fact which may enhance the level of risk are called material fact. the principal applies to both life insurance and general insurance policies

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