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What is Uberrimae Fidei (utmost good faith)?

Business Habit ⋅ @businesshabit ⋅ Oct 24, 2014

Uberrimae fidei is a Latin phrase that denotes absolute or utmost good faith. The term is especially applicable to an insurance contract. Every contract of insurance is said to be a contract of Uberrimae fidei. This is so termed because the insured in a contract of insurance must disclose all material facts to the insurers so that they can decide whether to accept or reject the offer for insurance. Uberrimae fidei is a way by which insured will disclose all the relevant information to the insurers.

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