Insurance Glossary

Insurance Glossary

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Insurance terminology and risk management. Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.UK auto insurer, Norwich Union, has obtained an exclusive license to Progressivea#39;s European patent application. ... Non-owners policies may be offered that would cover an insured on any vehicle they drive. ... This coverage may not apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insureda#39;s vehicle, assuming that a rentalanbsp;...

Title:Insurance Glossary
Author: Nicolae Sfetcu
Publisher:Nicolae Sfetcu - 2014-05-05

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