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What Is the Name Given to the Rule That Prevents

question 24

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What is the name given to the rule that prevents an insured from collecting on insurance when the loss has resulted from the insured's willful misconduct?


Definitions:

New Consideration

Additional or different consideration offered in a contract, beyond what was initially agreed upon, often required for the enforcement of modifications or new agreements.

Doubled Production

A situation or outcome where the output or production of goods or services has increased by 100 percent.

State apparatus

The complex of institutions, bodies, and organizations through which a state exercises its power and authority.

Political economy

An interdisciplinary field that examines the relationship between politics and economics, focusing on how political institutions, the political environment, and the economic system influence each other.

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