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Insurance

Contract of adhesion

In finance, there exists a type of contract known as an insurance contract. This specific agreement holds a crucial factor that we must pay attention to - the wording. Any vague or unclear language within this contract will be interpreted in a way that is not in favor of the drafter, in this case, the insurer. It is important to understand this concept in order to fully grasp the implications of insurance contracts.

Employment practices liability coverage

Liability insurance is an essential aspect of risk management for employers. It provides coverage for any claims of wrongful termination, discrimination, or sexual harassmen...

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Primary company

Reinsurance, a common practice in the insurance industry, refers to the transfer of risk from one insurance company to another. The reinsurer, often a larger and more financ...

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Insurable interest

Insurance is a vital concept in the world of finance, with legal principles that govern its application. One such principle is the requirement for an insured individual to d...

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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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