InsuranceDynamic risks War risk Named-perils agreement Asset-backed securities Third-party administrator Catastrophe deductible
Estoppel
One of the fundamental principles in the realm of finance is the doctrine of estoppel. Under this legal principle, an individual may be obligated to either take action or refrain from taking action, depending on their past behavior. This doctrine also plays a significant role in insurance, as it can prevent an insurer from denying liability in the event of a loss. In short, estoppel serves as a means to hold parties accountable for their actions and decisions.
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