The Significance of Indemnity in Insurance Contracts
Introduction: Insurance is a risk management tool that provides financial protection against unforeseen events or losses. One of the key
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Simplifying Insurance, Empowering You.
InsuranceInsightful
Simplifying Insurance, Empowering You.
compensation
Insurance Contract: Elements and Clauses Insurance Contract-2
Utmost Good Faith The doctrine of telling all material data is embodied in the important principle ‘ utmost good faith ’ which applies to all forms of insurance. Both parties to the insurance contract must agree( announcement idem) at the time of the contract. There shouldn’t be any misrepresentation,non-disclosure
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