Good faith requires the party who is applying for insurance to reveal everything necessary for the insurer to evaluate the risk of issuing a policy.

Name: Good faith requires the party who is applying for insurance to reveal everything necessary for the insurer to evaluate the risk of issuing a policy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Good faith, or "uberrima fides," in insurance requires the applicant to disclose all relevant information so the insurer can accurately assess the risk and decide on coverage terms and premiums.

Good Faith Requires the Party Who Is Applying for Insurance