Obligation to Good Faith in Life Insurance Contract

Author

Abstract

Due to modern modifications in legal concepts and tendency to actualizing pragmatic ethical notions, in the light of acts and provisions, "Principle of Good Faith" conducts as one of undeniable bases for survey of applicability of parties' contract. This principle has impression in all stages of the relation between parties from negotiations to formation, enforcement and interpretation of contracts. Principle of good faith sometimes, coincided with some legal facts and applied to completion of agreement, too. Perhaps, "Life Insurance Contract" is the best example for the contractual structure that has this principle in all times and worldwide. The existence of principle or its absence in life insurance contracts has legal consequences. In this paper, we are speaking about position and content of good faith in life insurance contract. These surveys include study of national and comparative laws.