Potential insureds are held to the highest standards of truthfulness and honesty in providing information for the underwriter because insurance involves a contract of:
A)umraniye lisesi.
B)respondeat superior.
C)ukteye getirmek.
D)reformatio in peius.
E)uberrimae fidei.

Question

Quizplus · Accepted Answer

Insurance involves a contract of "uberrimae fidei," which means a contract of utmost good faith. This principle requires both parties, especially the insured, to act with the highest standard of honesty and disclose all relevant information truthfully to the insurer.

Potential Insureds Are Held to the Highest Standards of Truthfulness