Legally, the parties to an insurance contract are assumed to have entered the contract in the 'utmost good faith,' which means they have not misrepresented any facts and intend to abide by the terms of the contract.
Related information about utmost good faith:
- Doctrine Of Utmost Good Faith Definition | Investopedia
A minimum standard that requires both the buyer and seller in a transaction to act honestly toward each other and to not mislead or withhold critical information ...
- Uberrima fides - Wikipedia, the free encyclopedia
Uberrima fides (sometimes seen in its genitive form uberrimae fidei) is a Latin phrase meaning "utmost good faith" (literally, "most abundant faith"). It is the name ...
- utmost good faith - The Free Dictionary
(Business / Insurance) a principle used in insurance contracts, legally obliging all parties to reveal to the others any information that might influence the others' ...
- Utmost Good Faith - Legal Dictionary - The Free Dictionary
UBERRIMA FIDES. Perfect good faith; abundant good faith. 2. This phrase is used to express that a contract must be made in perfect good faith, concealing ...
- What is utmost good faith? definition and meaning
Definition of utmost good faith: See uberrimae fidei.
- Utmost Good Faith in Insurance Contracts - Legal Documents ...
Aug 9, 2010 ... Introduction- Insurance contracts are a special class of contracts which are guided by certain basic principles like those of utmost good faith, ...
- Utmost Good Faith – New Appleman on Insurance Law Library ...
Aug 22, 2012 ... Boehm, morphed into the American concept of utmost good faith. The basics of utmost good faith is the concept that the reinsured, or cedent, ...
- Utmost Good Faith in Reinsurance - Duke Law Scholarship Repository
agreement.2 3 Thus in applying a notion of utmost good faith to the rein- surance ... As a result of this "utmost good faith" tradition, few instances of litigated ...