Answer to Question #195605 in Marketing for Peter Masih

Question #195605

Insurance is given on the trust, basis the facts mentioned in the proposal form. What is 

your understanding of this statement with reference to the basic principals of Insurance?


1
Expert's answer
2021-05-21T01:04:08-0400

Utmost good faith is one of the five principles of insurance. It means that the insured ought to provide honest and transparent details to the insurer to build trust in the relationship between both parties.


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