Insurance Principles

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October 5, 2023 4 min read Definitions

Understanding General Average in Marine Insurance

Insurance Maritime Law Risk Management Marine Insurance General Average Maritime Law Risk Management Insurance Principles

Learn about the concept of General Average, a crucial term in marine insurance, which involves a partial loss incurred to prevent complete damage to a maritime venture.

October 5, 2023 4 min read Definitions

Utmost Good Faith in Insurance Contracts: Definition and Importance

Law Insurance Studies Business Insurance Utmost Good Faith Contract Law Insurance Principles Customer Rights

Discover the principle of utmost good faith in insurance contracts. Learn how this legal doctrine ensures honest disclosure of facts and mutual intent to abide by contract terms.