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Life insurance is designed as a financial safety net for your loved ones if something happens to you. What option would the insured utilize? (1) a standard coverage (coverage b) of the 1986 and later commercial general liability (cgl) forms. The term assurance, commonly used in england, is considered. Insurance — a contractual relationship that exists when one party (the insurer) for a consideration (the premium) agrees to reimburse another party (the insured) for loss to a specified subject (the risk) caused by designated contingencies (hazards or perils).
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Insurance that pays for medical and surgical expenses incurred by the insured. You take legal action against someone without reasonable cause. Insurance companies are most often organized as either a stock company or a mutual company. A type of professional liability insurance purchased by health care professionals (and sometimes by other types of professionals, such as lawyers). Learn vocabulary, terms, and more with flashcards, games, and other study tools.
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Julia kagan has written about personal finance for more than 25 years and for investopedia since 2014.
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In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy. Auto insurance provides coverage for. A certain percentage of costs for any services that are covere…. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Financial issues that can affect an individual.
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An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live.
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