What are the contents of the principle of maximum good faith in insurance?

The specific content of the principle of maximum good faith includes: (1) notification. It refers to the policyholder truthfully making oral or written statements to the insurer about the main facts about the subject matter of insurance.

The so-called material facts refer to the important facts that the insurer decides whether to accept and under what conditions the insurer accepts the insurance coverage for a certain risk, and the way of notification is often the factual notification, that is, the policyholder should be truthful to the insurer's inquiry. (2) Warranties. It refers to the act or omission of the insured on a certain matter during the insurance period, that is, the insured should promise to do something or not to do something.

In most cases, the guarantee is included in the contract in writing, i.e. in the form of clauses attached to the insurance policy. This form of warranty is called an express warranty. Another type of undertaking, known as an implied warranty, refers to an act or omission that is customarily believed to warrant a matter by the insured.

Implied warranties are commonly used in marine insurance, and implied warranties have the same effect as express warranties. (3) Waiver and estoppel. Waiver is a waiver by a party to an insurance contract of certain rights that he can assert in the insurance contract, usually refers to the waiver of the insurer's right to terminate the contract and the right to defend.

Estoppel, also known as estoppel, means that since one party to an insurance contract has waived a certain right in the contract, it may not assert such right against the other party in the future.

1. Inform. When consumers buy insurance, insurance companies clearly require consumers to fill in a description of their health conditions based on the real situation. China adopts the principle of "limited notification", that is, "there are questions and answers, and no questions are not answered".

It should be noted that we must do a good job of health notification truthfully, and if we do not follow the principle of maximum good faith in health notification, even if an insured accident occurs, the insurance company will have a legitimate reason to refuse to pay the insurance money.

(2) Warranties. Warranties are divided into express warranties and implied imitation warranties, the former is set out in writing in the insurance contract, and the latter is the matters that the policyholder or the insured should and should not do in accordance with industry or international practices, relevant laws and regulations and socially recognized guidelines.

That is to say, the policyholder or the insured must fulfill the specific matters guaranteed and promised during the insurance period, otherwise, the insurance company can terminate the insurance contract or refuse to compensate after the insured event occurs.

(3) Waiver and estoppel.

A waiver usually refers to a waiver of the right of rescission and defence by the insurance company. For example, if it is known that the insured is sick but still collects the premium, it means that the insurance company waives the right to terminate the contract and the right to apply for insurance benefits against the insured. Estoppel means that once a party has waived a right, it cannot claim that right against the other party in the future.

For example, if the insurance company waives the right to terminate the contract, it cannot claim to terminate the contract in the future because the insured is sick and takes out insurance.

The principles of maximum good faith in insurance include inform, warranty, waiver and prohibition of speech.

For example, when you fill in the health notice in the hall, you must fulfill the obligation to tell the truth, "there are questions and answers, and there are no questions and no answers". If there is no truthful information that leads to the final accident, then the insurance company has the right to refuse compensation to Sun Chang.

The basic content of the principle of maximum good faith in insurance is as follows:

1. Inform. In China, we use the word of inquiry, which asks for something and requires the information to be true. (And the ant chain will be told again).

(2) Warranties. During the insurance period, it is guaranteed that nothing will be done to jeopardize the subject matter of the insurance, such as a lumber mill, even if it is necessary to prevent disasters and losses. Guarantees are divided into express guarantees, which are expressly stated; Implied warranties are based on trade practice and usage.

3. Waiver and estoppel, waiver is a waiver of a certain right that a party to an insurance contract can claim in the insurance contract, usually refers to the waiver of the insurer's right to terminate the contract and the right to defend.

Estoppel, also known as estoppel, means that since one party to an insurance contract has waived a certain right in the contract, it may not claim such a right against the other party in the future.

All insured products must have value, monetary value, otherwise they will not be covered.

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Summary. Hello, happy to answer your <>

Reinsurance refers to the insurance in which the insurer transfers all or part of the original insurance business to another insurer in order to diversify the risk. According to the regulations, the insurance company bears the responsibility for each dangerous unit, that is, the maximum loss that may be caused by an insured accident, but in fact, there is 10% of the total amount of the capital plus provident fund, and the excess part should be reinsured.

The principle of maximum integrity requires that the insurer must be of the utmost integrity in what it is.

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Reinsurance refers to the insurance in which the insurer transfers all or part of the original insurance business to another insurer in order to diversify the risk. According to the regulations, the insurance company shall bear the responsibility for each dangerous unit in Xianghu, that is, the maximum loss that may be caused by an insured accident, but in fact, there is 10% of the total amount of the provident fund, and the excess part shall be reinsured.

Reinsurance business is a common business in the international insurance market. It can enable the insurer to avoid excessive concentration of dangers, so that it will not be unable to fulfill the obligation to pay compensation due to the occurrence of a huge accident, and it will play a stabilizing role in the operation of insurance business. The establishment of the reinsurance relationship links the interests of the original liquid and land insurers with the interests of the reinsurers.

If the original insurer is not doing well, disaster prevention is not effective, and accident compensation increases, the reinsurer's amortization will inevitably increase, so the reinsurer is very concerned about the operation of the original insurer, which can promote the standardized operation of the original insurer's business.

Hello, the content of the principle of maximum good faith in insurance is mainly reflected in the fiduciary obligations of both parties to the insurance contract, including the obligation of the policyholder or the insured to truthfully inform and the obligation to guarantee, the insurer's obligation to explain and waiver and the obligation of candid estoppel.

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