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Insurance

Pooling

of investors is known as pro rata Pro rata refers to the practice of distributing total losses among a group of investors. This is done in proportion to each investor's stake in the venture. In other words, the bigger the investment, the greater the share of the losses. This concept is commonly used in the world of finance and is essential to understand for any investor. It ensures that everyone bears a fair share of the risks and rewards. So, always keep pro rata in mind when making investment decisions.

Experience rating

Insurance rating is a method of determining the cost of insurance based on the insured's past claims. This means that the premium for future coverage is influenced by the in...

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Unearned premium

One key concept in insurance is the unearned premium, which refers to the portion of the premium that has been received by the insurer but has not yet been used to provide c...

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Employment practices liability coverage

Liability insurance is an essential aspect of risk management for employers. It provides coverage for any claims of wrongful termination, discrimination, or sexual harassmen...

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War hazard exclusion

Insurance coverage for death caused by war or hostile action is not included in this policy. This means that if a person dies as a result of these circumstances, their loved...

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