The insurance contract is a contract of ______ ____ _____ because each party is entitled to rely upon the representations of the other, and to rely upon the assumption that there has been full, fair, and honest disclosure.

The insurance contract is a contract of ______ ____ _____ because each party is entitled to rely upon the representations of the other, and to rely upon the assumption that there has been full, fair, and honest disclosure.



Answer: Utmost Good Faith

Comments

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

Life income joint and survivor settlement option guarantees