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InterviewSolution
| 1. |
What is principle of utmost good faith |
| Answer» Under this principle of insurance,contract both the parties should have faith over each other.As a client it is the duty of the insured to disclose all the facts to the insurance company.Any fraud or misrepresentation of facts can result into cancellation of the contract.<br>Principle of utmost good faith states that the two parties of deal cannot hide anything from them .they have to disclose every deal related information in contract of insurance | |