Category: Insurance tips Release Date: 2006-08-01
Property insurance principle of good faith
Integrity means honesty and keeping promises. Faith is to establish and perform the first principles of property insurance contracts. China's "Economic Contract Law," 46th Chapter IV stipulates: "If the insured party to conceal the real situation of the insured property, insurance is entitled to terminate the contract or be liable." Therefore, property insurance contracts entered into must be the integrity of the parties as a basis.
The principle of good faith from property insurance marine insurance. Insurer when entering into insurance contracts are often located away from the cargo, insurance and property is difficult Shidechakan can only be described according to the insured to cover, so honest and reliable and specifically asked the insured party. Later, the principle of good faith in all risk property insurance generally do not apply.
Property insurance will be as a primary principle of good faith, because the purpose of the insured risk is to pass out, only he knew the property to the situation, the risk of the insured property may occur and most clearly, while the insurer beyond the possible exception of the investigation, they often according to the statements and inform the insured whether it is true, complete and accurate, to the insurer of great, they must first ask the insured to achieve credibility. Of course, the integrity of each other, and sometimes the insurer in order to lure the other insurance, there will be unrealistic propaganda and therefore I of this principle is also applicable to the insurer.
Under the principle of good faith, the insured has the obligation of disclosure. This is generally divided into two kinds of infinite informed and asked this. China mainly uses this approach to inquiry. All the important and dangerous substance related to the fact that the acceptance of insurance risk and decided to play a major role in rates of the situation, the insured must be truthful Chen reported that the insurer should learn more about. In order to be prudent, insurance, insured people still tend to have set up a single fixed format, so that the insured admitted printed in the insurance policy such as "guarantee of the insured to indicate a single case, the insured as a single contract basis" such as warranties . Where the insured person for the important fact revealed to be untrue and non-compliance with safeguards, to provide false proof of the claim, half-way to change the dangerous situation without informing the insured person and so on, a breach of principle of good faith, the insurer may suspend the insurance contract, but more when the claim is that in Chuxian be discovered, often by the insurer in order to exclusions in the form of non-performance of the contract.
