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Insurance

TermDefinition
Indemnity You cannot make a profit from insurance
Utmost Good Faith You must be truthful in all aspects of the insurance process
Subrogation The insurance company is entitled to seek compensation
Contribution If you are insured with more than 1 company, they will split the compensation
Insurable Interest You must gain from the existence of the item and suffer by its loss
Created by: pconway
Popular Business sets

 

 



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