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3 Cards in this Set
- Front
- Back
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what the owners rights and examples |
there rights are provided by the policy owner, examples: name, change the beneficiary, receiving any of the policy benefit options, and assigning a policy |
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whats the responsibility of the policy owners (2) |
paying the premiums, and the policy owner must have an insurable interest on the person he or she is taking the policy out on ( insured) |
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what is a provision |
characteristics of an insurance contract
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