Research Of The Principle Of Utmost Good Faith Application In Life Insurance

The healthy development of the life insurance industry is inseparable from theimplementation of the basic principles of Insurance, the principle of utmost good faith as a thesoul fundamental principle of Insurance throughout the entire process throughout the lifeinsurance business, only the parties to abide by the insurance principle of utmost good faith,In order to ensure the healthy development of the life insurance industry. Modern insuranceindustry in our country belong to exotic, take root in our country but in recent years things,over the last years, with the rapid development of the insurance industry, Life Insurance beganto enter millions of households. Life Insurance companies by the beginning of the founding ofseveral monopoly company quickly developed into more than seventy foreign life insurancecompany in, greatly expand life insurance market, life Insurance in particular new productsbecome safeguarded, new ways to finance and investment, Life insurance companiesunprecedented visibility. But, as a relatively short history, there are many inadequacies forinsurance theory in our Country, theoretical research process has lagged far behind in theinsurance practice, especially in the most critical cornerstone of the development LifeInsurance——the principle of utmost good faith application still in its infancy. Currently,China is in the early construction of credit, integrity of the building trades issues outstanding,the life insurance is particularly prominent, misleading insurance sales、proposer failed tocomply with truthfully inform, leading to Life Insurance disputes, has seriously affected thelife insurance market, the life insurance industry encounter bottlenecks in the development of.This paper mainly studies the principle of utmost good faith. Take comparative analysis,case analysis, theory and practice of combining research methods, through the principle ofutmost good faith analytic, the parties in the insurance activities of the insurance requirementsas a starting point, Integrating theory with practice, elaborating the principle of utmost goodfaith for origin and development, research findings, legal requirements, etc. based on thecases of China life, analysis of the principle of utmost good faith in our country、life Insurance sector problems and causes, at last, this paper put forward the principle of utmost good faithin the normal development of China’s life insurance proposal, combined with the currentdevelopment of The life insurance industry and bottlenecks encountered confusion,respectively, To achieve honesty life, the purpose of building a harmonious society,for thedomestic life insurance companies and Proposer insured person who contravenes the principleof utmost good faith phenomenon prevention methods were systematically discussed. Thispaper sought through detailed case, combined with Life Insurance practice, the principle ofutmost good faith to improve Life Insurance in the applicable country, promoting theconstruction of credibility, build trust, good faith harmony insured dedication of a modestinsurance market.