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Insurance

Compulsory auto insurance

In the world of finance, there exists a minimum threshold for auto liability insurance that is mandated by law. This coverage protects individuals from financial losses in case of an accident. It is crucial to understand this requirement and ensure that it is met to safeguard our financial well-being. So, let us delve into the details of this essential aspect of finance.

Pure risk

In the world of finance, we often come across the term 'uncertainty' which refers to the unknown possibility of experiencing a loss. This concept can be quite complex to und...

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Kidnap/ransom insurance

As students of finance, it's important to familiarize ourselves with the concept of coverage for ransom and extortion payments, along with related expenses. This type of ins...

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Affirmative warranty

A vital aspect of the insurance industry is the agency agreement, which is a contract between an insurance company and an agent. This agreement empowers the agent to sell in...

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Inland transit policy

A fundamental agreement that pertains to domestic shipments, predominantly transported through land-based transportation methods. This type of contract outlines the terms an...

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