The principle of utmost good faith applies to all policies. This means any claims made by the insured are genuine. A fraudulent claim is one where the insured makes false statements of facts or made statements knowing these statements are not true, or not caring whether they are true or false. A policy will be cancelled from inception, where fraud is involved and no return premiums will be given.
|Date added: 2011-07-13 22:49:39|