Explain Why an Insurance Contract Needs the Utmost Good Faith

question 23

Essay

Explain why an insurance contract needs the utmost good faith.

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Definitions:

Ethics Policies

Refers to the guidelines and principles that govern the moral and ethical decisions and actions of an organization.

Workplace Issues

Challenges or problems that occur within the workplace, ranging from interpersonal conflicts to organizational structure problems.

High Context Culture

A culture in which communication is largely implicit, relying heavily on context, nonverbal cues, and the relationships between speakers rather than explicit words.

Communication

The process of exchanging or sharing information, ideas, or feelings through verbal or non-verbal means.