Examlex
Which of the following terms describes the air remaining in lungs after normal expiration?
Premium
An amount paid periodically to the insurer by the insured for covering his risk or the cost above the nominal value of something.
Temporary Insurance
Short-term coverage designed to provide protection for a limited period, often while awaiting the implementation of permanent insurance.
Binder Agreement
A temporary insurance contract providing coverage until a formal policy is issued.
Insurance Application
A document that contains an individual's or entity’s request for insurance coverage, detailing the specifics of the coverage sought.
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