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insurance

TermDefinition
principle of indemnity states that the insured cannot gain from making a claim
principle of subrogation passses the legal right of the insured to recover any loss suffred over to the insurance
principle of contribution if a risk isinsured by 2 or more insurance companies any compensation payable will be shares between the companies
actuary
underinsurance if something is not insured for its full market value then the compensation paid in the
Created by: emma corry
Popular Insurance sets

 

 



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