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Insurance

Assignee

In case of death of the assignee, the benefits are transferred to the assignor. In the realm of finance, the assignee is the individual who receives the title, rights, and benefits associated with a life policy. It's important to understand that upon the unfortunate passing of the assignee, these benefits are then transferred back to the assignor. This concept is crucial to grasp in order to fully comprehend the dynamics of life insurance policies.

Insurance plan value

In the realm of insurance, the plan value refers to the desired amount for which an individual seeks coverage through a policy. This value is determined by the policyholder ...

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Captives

An insurer may be formed by non-insurers to offer insurance coverage to its owners. This is known as self-insurance and is common in the finance industry. The purpose of sel...

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Twisting

As a professor in the field of finance, it is crucial to understand the potential risks and unethical practices that can occur in the insurance industry. One such act is whe...

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Utmost good faith

Understanding the concept of utmost good faith in insurance contracts is crucial in the world of finance. This doctrine requires a higher level of honesty and disclosure fro...

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