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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.

Soft market

This environment is the opposite of a sellers? market where insurance is scarce In the world of finance, we often hear the terms "buyers' market" and "sellers' market." Thes...

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Actual cash value

Property insurance is a type of insurance that covers the cost of replacing damaged property, taking into account the property's depreciation. This means that the insurance ...

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Proposal Form

An insurance policy is a legal contract between an insurance company and a policyholder. It outlines the terms and conditions of coverage, including premiums, deductibles, a...

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Actual loss ratio

Insurance companies use a key metric called Loss Ratio to measure their financial performance. It reflects the proportion of claims paid out to the amount of premiums collec...

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