Business Studies, asked by rutikshagaonkar9302, 1 month ago

how does the policy define the meaning of insurance

Answers

Answered by AbhiThakur07
0

Explanation:

In insurance,

the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay.

The textbook also states that the policy must refer to all papers which are part of the policy.

Answered by vishavjeetk43
0

Answer:

In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. ... The textbook also states that the policy must refer to all papers which are part of the policy

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