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Insurance

Quota share treaties

In the world of insurance, there exists a practice known as reinsurance. This involves multiple insurers coming together to share the risk and responsibility of covering a particular line of insurance. Each insurer agrees to take on a certain percentage of both premiums and losses, creating a strong safety net for all parties involved. This collaboration allows for a more efficient and secure approach to managing risk in the insurance industry.

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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Disability loss

Absence from work due to physical or mental health issues is known as disability. This can have a significant impact on one's financial stability, as they are unable to earn...

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Incurred losses

In finance, the term "losses" refers to negative financial outcomes within a specific timeframe. These losses may or may not be accounted for or resolved within that same pe...

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Occupational disease

A common term in the world of finance, occupational disease refers to any abnormal condition or illness that arises due to work-related factors. Often overlooked, this is a ...

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