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Insurance

First Unpaid Premium(FUP)

In the realm of insurance, the term 'first unpaid premium' signifies the initial instance of a policy holder failing to make their premium payment. When a premium is paid on time, a receipt is provided which denotes the next due date. However, if this due premium is not fulfilled, that date transforms into the 'date of FUP'.

Insured pension plans

An insurance company is responsible for managing employee benefit plans, which are designed to provide financial security to employees. These plans offer a variety of benefi...

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Solvency

In the world of finance, it is crucial to understand the concept of insurance companies' ability to fulfill their obligations towards policyholders. This is where regulations...

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Probate

Probate is a legal procedure that occurs upon the passing of an individual, in which their assets are distributed and the instructions outlined in their will are executed. ...

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Warranty

An essential element of an insurance contract is a clause that outlines specific conditions, circumstances, or facts that must be met before or after the contract takes effe...

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