Moral hazard and the duty of disclosure under the doctrine uberrimae fidei - A marine insurance law perspective
A proposer to a marine insurance contract is subjected to a pre-contractual duty to disclose material information under the doctrine of utmost good faith (uberrimae fidei). The duty extends to comprise matters that concern moral hazard and the shipping company may consequently be required to volunteer information concerning the moral character of its owners, directors, employees and other agents c