An insurance contract is one that is usually said to require utmost good faith on the part of the parties.

Name: An insurance contract is one that is usually said to require utmost good faith on the part of the parties.
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An insurance contract is based on the principle of utmost good faith, which means that both parties must disclose all relevant information honestly and accurately. Failure to do so may result in the contract being voided.

An Insurance Contract Is One That Is Usually Said to Require