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Insurance

Fronting

Insurance can be a complex world, with various terms and concepts to navigate. One such term is fronting, a practice where a primary insurer issues a policy but transfers the entire risk to a reinsurer in exchange for a commission. This is common in cases where the fronting insurer is licensed to operate in a specific country, but the reinsurer is not. Typically, the reinsurer is a captive or independent insurance company that is unable to sell insurance directly in that country.

Last clear chance rule

When discussing contributory negligence, it is important to understand that the plaintiff's own negligence does not necessarily bar them from seeking legal action against th...

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Solvency

In the world of finance, it is crucial to understand the concept of insurance companies' ability to fulfill their obligations towards policyholders. This is where regulations...

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Proposer

He is the insured or the policyholder who seeks protection against financial loss in case of an unfortunate event. A proposer, also known as the policyholder, is an individ...

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Credit life insurance

A vital element in any financial plan is life insurance, specifically coverage for borrowers. This safeguards against the unfortunate scenario of a borrower's death before t...

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