![What is the Principle of Utmost good faith?](/blog/content/images/size/w500/2023/12/What-is-the-Principle-of-Utmost-Good-Faith__Bimakavach.jpg)
What is the Principle of Utmost good faith?
The principle of utmost good faith in insurance contracts has both legal and ethical foundations. It is built on the principles of fairness, honesty, trust, and mutual reliance between the parties involved in an insurance contract.