To Help Assure That Only Fortuitous Losses Are Covered,insurers Often

question 4

True/False

To help assure that only fortuitous losses are covered,insurers often require the insured to provide evidence of losses.

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Definitions:

Fundamental Policy

Core principles or philosophies that guide the decision-making process within an organization or government.

Definite Enough Terms

Clarity and specificity in contractual terms that define and bind the agreement's obligations and expectations.

State Legislature

The lawmaking body within a state, responsible for creating legislation and policies governing the state.

Illegal

Activities or actions that are prohibited by law and subject to penalties.