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What is the most important fact about“utmost good faith"?

高老师2年前 (2024-03-25)国际商务英语(05844)14

The people who decide what premium is fair for a particular cover do so on the basis of written statements made in a proposal form. If this statement is untrue, then the premium agreed on will not be a fair one. The mis-statement is a fraud,and the policy is voidable by the party who is misled. Even if the mis-statement was unintentional,the underwriter would still be deceived and the policy voidable.

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