Examlex
Fraud by concealment occurs when one party takes specific action to conceal a material fact from another party.
Inflation
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
Universal Life Insurance
Similar to whole life insurance; the cash value can be used to pay the insurance premium if the policyholder doesn’t pay it, but if the cash value is not enough to pay the insurance, the policy can lapse.
Premium Payment
The amount paid for an insurance policy, either as a lump sum or in installments.
Cash Value
The amount available in cash for an insurance policy or investment account, often accessible to the policyholder or investor.
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Q75: Disputes under contracts containing arbitration clauses _.<br>A)