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Insurance

Involuntary coverage

In finance, there exists a concept known as 'mandatory insurance'. This pertains to the government's requirement for specific groups or individuals to purchase insurance under certain circumstances. This insurance serves as a safety net, providing financial protection in case of unforeseen events. It is crucial for individuals to understand their obligations and the benefits of such insurance, as it can greatly impact their financial well-being. Let us explore this topic further.

War risk

In the realm of finance, there exists a special coverage that pertains to cargo transported on overseas ships. This coverage protects against the risk of confiscation by a g...

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Medical payments insurance

Insurance is a contractual agreement between an insurer and the insured, in which the insurer provides financial protection against potential losses. One type of coverage is...

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Joint and x percent survivor annuity

A joint and survivor annuity is a financial tool that provides a steady stream of income to two individuals, typically a married couple. In this arrangement, after the first...

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Primary

In the world of finance, there exists a concept known as "primary coverage," which refers to policies that have the responsibility to pay up to their limits before any other...

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