Examlex

Solved

Legal Clauses in Insurance Policies That Prevent Duplication of Payment

question 53

Short Answer

Legal clauses in insurance policies that prevent duplication of payment are called ________ of benefits clauses.


Definitions:

Apples

A type of fruit commonly consumed fresh, cooked, or as juice, recognized for its sweet or tart flavor.

Pareto Optimal Allocation

A condition of resource distribution in which no one person can be made better off without causing detriment to at least another person.

Endowed

In economics, it refers to the initial allocation of income, wealth, or goods to an individual or an entity at the start of an economic analysis or experiment.

Units

Basic quantities or measurements used to express variables, stock, or outputs in any kind of scientific, economic, or engineering calculations.

Related Questions