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Insurance

Probate

Probate is a legal procedure that occurs upon the passing of an individual, in which their assets are distributed and the instructions outlined in their will are executed. This process involves verifying the validity of the will, settling any outstanding debts, and distributing the remaining assets to the designated beneficiaries. It is a crucial aspect of estate planning and should be carefully considered to ensure one's final wishes are fulfilled. Now, let's delve deeper into the intricacies of probate and its implications on personal finance.

Environmental impairment liability coverage

Environmental impairment liability insurance is a crucial form of protection that safeguards against potential financial burdens resulting from property damage caused by pol...

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Affinity sales

Insurance can be sold through groups such as professional and business associations, providing coverage for members at a discounted rate. This method, known as group insuran...

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Contingent Beneficiary

In finance, we often come across the term "secondary beneficiary" or "tertiary beneficiary". These are individuals who are designated to receive the proceeds of a financial ...

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Authority

The IRDA, created under the Insurance Regulatory and Development Authority Act of 1999, serves as the governing body for the insurance industry. Its main responsibility is t...

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