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Insurance

Renewal Premiums

In the realm of finance, we often come across the term 'premiums'. These are payments that are made towards an insurance policy, and they can be of different types. One type is known as 'continuous premiums'. These are payments that are made after the initial premium and are necessary for the policy to remain active. In other words, they are a condition for the continuation of the policy. Let's dive into this concept further.

Claims management

Loss claims are an essential aspect of managing financial risk. As a knowledgeable finance professor, it is imperative for you to understand the functions involved in handl...

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Tortfeasor

In the world of finance, we often come across the term "tortfeasor", which refers to a person who has committed a tort. A tort is a wrongful act or omission that leads to har...

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Acts of god

In the realm of finance, there are certain risks that are beyond our control and cannot be adequately mitigated. These include natural disasters such as floods and earthquak...

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Blanket coverage

When discussing insurance, it is important to understand the concept of a "blanket policy". This refers to coverage for multiple items of property at one location, or for tw...

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