Payment by an Insurance Company of a Specific Amount for a Loss

question 35

Short Answer

Payment by an insurance company of a specific amount for a loss is called ____________________ coverage.

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Definitions:

Market Intermediaries

Businesses or individuals that act as a middleman in the distribution process, facilitating transactions between producers and consumers.

Business-To-Business (B2B)

Describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or a wholesaler and a retailer.

Business-To-Consumer (B2C)

A transaction model where businesses sell products or services directly to consumers, typically through retail or online platforms.