
Disturbing lack of faith

The doctrine of uberrima fides has applied to insurance contracts since Carter v Boehm in 1766 – nearly 250 years – and was codified into statute in The Marine Insurance Act 1906. The principle was that the insured must disclose all material facts to insurers. If they failed to disclose something, then the contract could be cancelled and any claim declined.
It placed insurance in a privileged position as opposed to other commercial contracts where the doctrine was caveat emptor – let the buyer
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Most read
- Disappointed FCA warns brokers on consumer harms
- Policy Expert signs six-year £2bn capacity deal with R&Q Accredited Europe
- GRP-owned DCJ buys SM Commercial
- Brickell seeks to cancel £482m R&Q takeover deal
- Cyber pricing hardens over 30%, says Aon
- Broker FSCS levy plummets to £5m for 2022/23 from expected £68m
- HDI restructures UK & Ireland operations