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Insurance

Assignee

In case of death of the assignee, the benefits are transferred to the assignor. In the realm of finance, the assignee is the individual who receives the title, rights, and benefits associated with a life policy. It's important to understand that upon the unfortunate passing of the assignee, these benefits are then transferred back to the assignor. This concept is crucial to grasp in order to fully comprehend the dynamics of life insurance policies.

Profits insurance

Business interruption insurance, also known as loss of profits insurance, provides coverage for the loss of potential profits when goods have been manufactured but are destr...

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Financial risks

Understanding the concept of risk is crucial in the world of finance. It encompasses various factors such as credit, foreign exchange, commodity trading, and interest rates....

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Schedule

In the world of finance, we often come across the term "schedule of benefits." This refers to a detailed breakdown of the various components that make up a policy or plan. I...

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Special agent

A specialist in the insurance industry who holds the power to carry out a particular task or responsibility, without possessing any broad authorities within the company. Thi...

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