Sentences with phrase «in utmost good faith»

Your insurer does have an obligation to act in the utmost good faith (ie.

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.

In opposition, the husband claimed that the 2007 agreement should be set aside; he argued that the wife had a duty to negotiate and execute the 2007 agreement in utmost good faith.

Subject to a dispute in utmost good faith by the issuer, payment default represents a failure to pay any amount due of the reference asset or any other future indebtedness of the issuer for funds borrowed, raised or guaranteed.

CFP ® licensees are held to a fiduciary standard, which requires them to act in utmost good faith in a manner that is in the best interest of their clients.

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.

RWDSU President Stuart Appelbaum this morning released a letter from the Democratic gubernatorial candidate that deems it of the «utmost importance» that Dr. Pepper Snapple «comes back to the negotiating table, bargains in good faith and reaches a fair and equitable solution for the workers, the company and the state.»

Besides the ongoing obligations (as described in the policy's terms and conditions) that exist between the insurer and insured, there is also a duty of utmost good faith (uberrimae fidei, for you Latin fans).

In simplistic terms, a person charged with exercising fiduciary duties (commonly referred to as a fiduciary) must discharge their duties with the utmost good faith, care, and the finest loyalty.

All Life Insurance Contracts are based on utmost good faith reposed by the Insurer on the facts mentioned in the Application Form and all other documents annexed to the application on the Insured's health, which the Applicant warrants to be true.

This is in compliance to the Principle of Utmost Good Faith which is the basis of all insurance contracts.

For us to move up the ladder, the onus is on us to ensure that we encourage the customers to fill in the correct details when buying an insurance policy and encourage the sales person who is the primary underwriter in any life office to explain the importance of utmost good faith in an insurance contract and elicit complete and correct information at inception.