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Criminal law

In the field of finance, it is crucial to understand the concept of criminal law. This branch of law deals with actions that are considered harmful to society, such as rape, murder, and robbery. These transgressions are prosecuted by government authorities, and the offender may face penalties such as fines or imprisonment. It is essential to have a grasp of criminal law and its implications in the world of finance.

Insurable interest

Insurance is a vital concept in the world of finance, with legal principles that govern its application. One such principle is the requirement for an insured individual to d...

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Aleatory contract

An aleatory contract is a binding agreement in which the outcome is determined by an uncertain event. This type of contract is commonly used in the insurance industry, where...

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Extra expense insurance

In financial terms, consequential property insurance refers to a type of coverage that protects businesses from the financial consequences of an interruption. This means tha...

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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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