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5 Cards in this Set
- Front
- Back
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insurance
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promised payment for specific future losses should they occur in exchange for a payment called a premium
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insurer
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a company that pays to compensate the policyholder for losses or damages as described in an insurance policy as long as the premium is paid
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insurance policy
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a written contract between an insurer and a customer describing the term of insurance
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policyholder
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the owners of an insurance policy
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premium
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periodic payment for an insurance policy
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