Examlex
By equipping its sales force with handheld devices with barcode readers and Internet connections to speed inventory assessment, TaylorMade allows sales executives to have significantly more time to interact with their consumers. This is an example of the use of technology in improving ________.
Insurance Policy
An insurance policy is a contract between an insurer and the insured, detailing the terms under which the insurer agrees to compensate for specific financial losses or damages.
Utmost Good Faith
A legal doctrine requiring parties to act with honesty and not mislead or withhold information from each other.
Co-insurance Clause
A provision in insurance policies that divides the risk of loss between the insurer and the insured, based on a fixed percentage of the value of the insured item.
Insured
A person or entity covered under an insurance policy, receiving financial protection or reimbursement against losses.
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