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SS3 Insurance

Common insurance technologies

Overview

List some common terminologies used in insurance; State their meanings.

What you'll learn
  • Common terminologies;
  • -concealment
  • -disclosure
  • -days of grace
  • -Ex-gratia payment
  • -Extra premium
  • -Endorsement
  • -Excepted subject matter of insurance
  • -under insurance
  • -subjects matter of contract.
  • -Return of premium etc.