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Insurance

Renewal Premiums

In the realm of finance, we often come across the term 'premiums'. These are payments that are made towards an insurance policy, and they can be of different types. One type is known as 'continuous premiums'. These are payments that are made after the initial premium and are necessary for the policy to remain active. In other words, they are a condition for the continuation of the policy. Let's dive into this concept further.

Blanket coverage

When discussing insurance, it is important to understand the concept of a "blanket policy". This refers to coverage for multiple items of property at one location, or for tw...

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Concurrent loss control

In the world of finance, there is a term known as "mitigation" which refers to the actions taken to minimize the impact of a loss. This can include activities that occur sim...

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Pure premium

In the realm of insurance, there exists a concept known as the "basic loss ratio." This refers to the portion of an insurance premium that is purely representative of the co...

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Tertiary Beneficiary

When it comes to life insurance, it's important to understand the concept of a third beneficiary. This is the individual who is next in line to receive the benefits if the p...

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