Assurance

Assurance

Definition: Assurance is a type of insurance or financing that provides compensation in the event of a loss. An assurance …

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Apportionment

Apportionment

Definition: An apportionment occurs when someone applies for insurance on a given piece of property, and the insurance company divides …

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Annuity

Annuity

Definition: An annuity is a retirement plan in which an individual or business purchases an insurance contract that provides income …

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Annuitant

Annuitant

Definition: An annuitant is an individual or a business entitled to receive payments from a pension or annuity investment despite …

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All Risks

All Risks

Definition: As used in insurance, the phrase “all risks”, as used in insurance, refers to the fact that an insurance …

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Act of God

Act of God

What Is an Act of God? An act of God is an unexpected and unplanned event that occurs significantly beyond …

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