What is Uberrimae Fidei (utmost good faith)?

                                                          

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.


Category and Tags
More stories by
Billions of people will live in space within the next two decades: Jeff Bezos

Amazon founder Jeff Bezos has expressed optimism about the future of human civilization. According to him, the world is not on the verge of destruction due to technological advancements, but is entering an era of new...

China's BYD recalls more than 115,000 cars for the first time due to design and battery issues

Chinese automaker BYD Co Ltd announced on Friday that it will recall about 115,000 vehicles produced between 2015 and 2022. This includes its popular Tang series and Yuan Pro EV models.The main reasons for the recall: design flaws and manufacturing p

Bangladeshi startup OneBrain AI at OpenAI DevDay in the US

Bangladeshi startup OneBrain AI has participated in the 'OpenAI DevDay 2025' organized by OpenAI, the developer of ChatGPT. OpenAI's CEO Sam Altman and OneBrain AI officials met with the company's developer team at the conference held in San Francisc

Uddog o Uddokta Japan Association Co-organizes Global Youth Innovation Program on Health for SDG #3

The 5th 3ZERO Leadership Challenge (3ZLC), focusing on Health Innovation for SDG #3: Good Health and Well-being, concluded successfully at the 7th SocialTech Summit 2025 in Hiroshima...

Modi government is encouraging the use of Indian apps to compete with US technology

Photo: BHThe Modi government is encouraging the use of locally developed apps in India, as opposed to those from multinational companies such as Google Maps, WhatsApp and Microsoft. Three cabinet ministers have recen...

Follow Business Habit on Facebook, Twitter