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Tag: Risk


 

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Insurance

Insurance

by Cristina Nuta - Insurance is a legal contract whereby one party, the insurer, undertakes to pay to the other party, the insured, a certain specified amount of money in the event of the materialization of a certain insured risk. The insured party pays an amount of money, the premium, which is the price of insurance. If the insured suffers a loss due to an event stipulated in the insurance...

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