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business

TermDefinition
no claims bonus when the driver has made no claim against the insurance cimpany for some years
risk the higher the degree of risk the higher the premium
premium the amount that must be paid to cover the risks in the proposal
claim if a risk which is covered by the policy actually happens you will recieve compensation for the loss suffered
indemnity a person may not make a profit from insurance
utmost good faith a person must tell the truth when applying for insurance
Created by: pssydstryr69
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