Uberrimae Fidei Contract
Definition of "Uberrimae fidei contract"
Agreement "of utmost good faith." Under law, it is assumed that insurance contracts are entered into by all parties in good faith, meaning that they have disclosed all relevant facts and intend to carry out their obligations. Where lack of good faith can be proved, such as in a fraudulent application to obtain insurance, the contract may be nullified.
Popular Insurance Terms
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Formal process of setting aside funds on a mathematical basis to provide deferred income benefits. ...
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List of cash allowances for various types of surgeries. ...
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tort against another person's property, designed to detain or dispose of it in a wrongful manner. For example, wrongful selling of another person's automobile without permission would ...
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