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Insurance

Automatic treaty

Reinsurance is a crucial concept in the world of finance. It refers to a contractual agreement between a ceding company and a reinsurer, where the former agrees to transfer a portion of its business to the latter. This exchange is based on predetermined terms and conditions, and helps mitigate risk for the ceding company by distributing it to the reinsurer. This is just one example of the intricate and important concepts that make up the world of finance.

Treaties

Reinsurance contracts are agreements between insurance companies where one insurer transfers part of its risk to another insurer. This is done to protect against losses that...

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Civil law

In the realm of finance, there exists a concept known as civil wrongs, which pertains to legal actions taken against individuals or organizations for harm caused. One such e...

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Policy Holder

Life insurance policies are owned by the policyholder, typically the insured individual. However, ownership can also extend to a variety of entities, from relatives to partn...

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Mediation

Mediation is a nonbinding process that involves a neutral third party who works towards resolving a dispute between two conflicting parties. This method is commonly used in ...

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