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Insurance policy

Definition. A contract in which one party agrees to indemnify another against a predefined category of risks in exchange for a premium. Depending on the contract, the insurer may promise to financially protect the insured from the loss, damage, or liability stemming from some event

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nico spann
nico spann
17. 3. 2022

Wow read this 2 times and looked up indemnify and understood this way better 🤯

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