Microsoft word - e_casereview.doc
CASE REVIEW 1 January to 31 December 2007 Insurance contracts are based on trust. The insurer trusts the policyholder to give precise and true details of the subject matter to be insured. This is called the principle of Utmost Good Faith. The nature of the subject matter of insurance and the circumstances pertaining to it are facts within the knowledge of the insured. Insurers, on the ot