what is theprinciple of utmost good faith
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it is principle used in insurance that legally obliges all parties to reveal to other all important information. insurance contract are agreements made in the utmost good faith which implies are standard of honesty greater than you really required in most ordinary commercial contracts
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The principle of utmost good faith,states that the insurer and the insured must disclose all material facts before the policy inception. Material facts refers to the Facts which may enhance the level of risk
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