Utmost good faith
A positive duty to voluntarily disclose, accurately and fully, all facts material to the risk being proposed, whether requested or not.
An example of a breach of Utmost Good Faith is - A quote is obtained and you don't disclose a drink driving conviction. Even if the conviction in question is not specifically asked. Common knowledge will tell you, this will impact on your premium and Insurers covering the risk.
|Date added: 2011-03-06 17:34:44|