Thorough, yet practical, this book is the ideal guide for any professional who works in or frequently interacts with the insurance industry. Claims professionals, risk managers, producers, underwriters, attorneys (both plaintiff and defense), and business owners will benefit greatly from this multiple volume guide. It is also the perfect resource for insurance educators, trainers, and students whose role requires an understanding of insurance law. The Implied Covenant of Good Faith and Fair DealingThe principle on which insurance has existed for the last three to four centuries is that insurance business is conducted with the utmost good faith (uberrima fides). The principle, called a covenant of good faith and fair dealing, must be followed religiously by both the insurer and the insured. This means, simply, that both parties to the insurance contract must treat each other in such a way that neither will deprive the other of the benefits of the contract.This, the third part of Zalma on Insurance Claims and includes materials concerning: This is part 103 of Zalma on Insurance Claims and will deal with: -The Covenant of Good Faith and Fair Dealing-Duties of the Insured and the Insurer-Declaring a Policy Void-Processing a ClaimWhen read with Part 101 and Part 102, this volume works to take the reader to a complete understanding of insurance and insurance claims.