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Insurance

Assignee

In case of death of the assignee, the benefits are transferred to the assignor. In the realm of finance, the assignee is the individual who receives the title, rights, and benefits associated with a life policy. It's important to understand that upon the unfortunate passing of the assignee, these benefits are then transferred back to the assignor. This concept is crucial to grasp in order to fully comprehend the dynamics of life insurance policies.

Assessable policy

As we delve into the realm of finance, it is important to familiarize ourselves with the concept of assessments. These are additional charges that are imposed on all policyh...

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Professional liability insurance

Professional liability insurance provides coverage for professionals in case of negligence, errors, or omissions that result in harm to their clients. This type of insurance...

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Expiry

Let's talk about the concept of policy termination in finance. As a knowledgeable professor, I want to make sure you understand the importance of this term. Policy terminati...

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Objective risk

One of the key terms in finance is 'variance', which refers to the difference between the actual and expected outcomes. This concept is crucial as it helps us understand the...

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