Multiple choice

In underwriting, “Uberrima Fides” refers to

  1. utmost good faith

  2. insurable interest

  3. trust of the insured

  4. proposal form
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A Correct answer
Explanation

Core principles of underwriting are utmost good faith (Uberrima Fides) and the insurable interest. Thus, Uberrima Fides refers to utmost good faith. This phrase is used to express that a contract must be made in perfect good faith, concealing nothing; as in the case of insurance, the insured must observe the most perfect good faith towards the insurer.

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