The doctrine that both parties to an insurance contract rely on the honesty and full disclosure of the other is known as:

Explicación

Utmost good faith means each party is entitled to rely on the honesty and complete disclosure of the other; the applicant must answer truthfully, and the insurer must deal fairly. Indemnity is the concept of restoring an insured to their pre-loss condition. Subrogation is an insurer's right to recover from a responsible third party after paying a claim. The reasonable expectations doctrine concerns how ambiguous policy language is interpreted, not the duty of honesty between parties.