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3 Cards in this Set
- Front
- Back
- 3rd side (hint)
Warranties |
Statements made on the application, guaranteed to be true. |
True or false... |
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Fraud |
Intention deception of the truth or order to induce another to part with something of value or to surrender legal value. |
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Principle of Indemnity |
Concept that an insured (client) is restored to the financial condition as prior to the loss. No profit or loss from insurance transaction. |
Evens out in the end |