General InsuranceSeen in 9 questions
Utmost Good Faith
The standard of honesty and disclosure both parties owe in an insurance transaction, higher than ordinary commercial contracts. It underlies the rules on representations, concealment, and warranties.
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Practice This Concept
- General InsuranceThe doctrine of utmost good faith in an insurance contract requires:
- General InsuranceInsurance contracts are said to be based on "utmost good faith," which means that:
- General InsuranceThe principle of utmost good faith in insurance requires:
- General InsuranceWhich statement accurately describes the doctrine of utmost good faith in insurance con…
- State RegulationsThe doctrine of utmost good faith in insurance means that:
- General InsuranceInsurance contracts are based on utmost good faith, which requires the applicant to:
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