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The ICF Framework Was Developed from Two Key Components

question 11

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The ICF framework was developed from two key components.Identify the correct components.


Definitions:

Policy Owner

The individual or entity that holds and controls an insurance policy and has the right to exercise all privileges under the contract.

Face Value

The nominal or stated value of a financial instrument or document, such as a bond or stamp, not necessarily its market value.

Premiums

The amount of money charged by an insurance company for active coverage.

Fire Insurance

A type of property insurance that covers damage and losses caused by fire.

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