Business Studies, asked by jeelvaghani33, 1 month ago

explain the principles of utmost good faith in brief​

Answers

Answered by XxyourdarlingxX
9

The principle of utmost good faith, uberrimae fidei, states that the insurer and the insured must disclose all material facts before the policy inception. ... In case of non-disclosure or misrepresentation of material facts, the policy can be considered null and void.

Answered by Ðemσnic
21

The principle of utmost good faith, uberrimae fidei, states that the insurer and the insured must disclose all material facts before the policy inception. ... In case of non-disclosure or misrepresentation of material facts, the policy can be considered null and void.

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