uberrimae fidei

  

Definition

Class of agreements (such as insurance contracts) in which one party (the promisee, such as an applicant) is under a fundamental duty to disclose all material facts and surrounding circumstances that could influence the decision of the other party (the promisor, such as an insurance company) to enter the agreement. Non-disclosure or a partial-disclosure makes such agreements voidable. Latin for, utmost good faith.

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