Sentences with phrase «utmost good faith under»

As part of your duty of utmost good faith under your contract with your insurer, you have a duty to cooperate with your insurer's investigation, provided that investigation is relevant and reasonable.

If an insurer refuses to provide information they are relying on it may be arguable that their refusal to provide the information is a breach of the Duty of Utmost Good Faith under section 13 of the Insurance Contracts Act.

Not exact matches

Under New York law, which governs the terms of Shkreli's employment, Shkreli was prohibited from acting in any matter inconsistent with his agency or trust, and was bound at all times to exercise the utmost good faith and loyalty in the performance of his duties for Retrophin.

Under English law, which often applies to such policies involving international trade, because insurance contracts are «of the utmost good faith», the policyholder is required to disclose all «material» facts to the insurance company even if no question is asked by the insurance company.

Under the Securities Exchange Commission's Advisers Act of 1940, investment advisers must make «an affirmative obligation of utmost good faith and full and fair disclosure of all facts material to the client.»

The Court also referenced that the statutory duty of «utmost fairness and good faith» under the Partnerships Act might provide some recourse to Mr. McCormick for the alleged discrimination but that it did not have to decide the issue.

This duty places a responsibility on the life assured to declare in utmost good faith, all material facts impacting the risk under the insurance policy.