utmost good faith


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utmost good faith

n
(Insurance) a principle used in insurance contracts, legally obliging all parties to reveal to the others any information that might influence the others' decision to enter into the contract. Also called: uberrima fides
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References in periodicals archive ?
It is known very well that the principal of utmost good faith and subrogation are being applied only for assuring the application of the principal for indemnity.
Article 10 of the Agreement on power-sharing states, 'inclusive, democratic and participatory governance; equality and equity, including affirmative action; and utmost good faith among the Coalition partners'.
It requires the insurance applicant to exercise the utmost good faith by disclosing all facts regarding the risk.
To Act with utmost good faith and be ethical in all their business dealings
A breach of a fiduciary duty occurs when (defendant) failed to act [with the utmost good faith, fairness, and honesty] [with the highest and finest loyalty] and:
The duty of good faith remains but the right to avoid the insurance policy if the other party fails to act in accordance with utmost good faith has now been removed.
3d--2016 WL 2943139 (May 20, 2016), an insurer sought contribution from a marine insurer who claimed its policy was void because of the insured's failure to fulfill its obligation to treat its insurer with utmost good faith.
You owe your clients a duty of undivided loyalty and utmost good faith.
In addition, the past two years have seen an increase in decisions on the duty of utmost good faith set out in section 13 of the Act.
Lacierda also praised the SSS for remaining focused on its duty as keepers of the fund, adding that I can say they are performing their job responsibly and with utmost good faith.
Insurers' employees, adjusters and agents work to demonstrate the utmost good faith.
The doctrine of utmost good faith is a fundamental tenet of the law