Examlex
Property-casualty underwriting risk only exists when the premiums generated on a given insurance line are less than the claims (losses) on the line.
Social Institution
An established and organized system of social behavior with a recognized purpose.
Technology
The application of scientific knowledge for practical purposes, especially in industry and improvements in tools, machinery, and devices.
Economic System
An organized way in which a country or region allocates its resources and distributes goods and services within the community.
Societies
Groups of individuals who share common territories and cultures, forming organized and interdependent communities with various institutions and norms.
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