Uberrima Fides


Also found in: Dictionary, Legal, Wikipedia.
Related to Uberrima Fides: Utmost Good Faith, insurable interest, uberrimae fidei

Uberrima Fides

A legal principle in which all parties to a contract must make full disclosure of material facts in order for the contract to be effective. It is used in insurance contracts, in which the potential policyholder must declare all illnesses, injuries or other facts that would change the policy's level of risk. The phrase "uberrima fides" is Latin for "utmost good faith." It is also the motto of Lloyd's.