A contract of Life or Health Insurance underwritten on the basis of an insured’s statement of his health with no medical examination required.
A contract of Life or Health Insurance underwritten on the basis of an insured’s statement of his health with no medical examination required.
Insurance contracts are one of a limited class that requires the parties (insurer and insured) to exercise the utmost good faith in their dealings with each other. Specifically, the proposer of an insurance must disclose all material facts which would influence a prudent insurer in deciding whether to accept the insurance, and if so on what terms.


