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Insurance

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 effect. This provision serves as a safeguard for both the insurer and the insured, ensuring that the contract is valid and enforceable. As a knowledgeable finance professor, it is important to understand the intricacies of such clauses in order to make informed decisions regarding insurance contracts.
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