Examlex
One party is willing to meet at length and confer but merely goes through the motions of bargaining.Proposals are made that cannot be accepted,an inflexible attitude on major issues is taken,and no alternative proposals are offered.This scenario best describes:
Nonpayment
The failure to fulfil a financial obligation, such as not making a required payment to a lender or vendor by the due date.
Insurance Company
A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.
Insured Party
An individual or entity that is covered under an insurance policy and is entitled to receive compensation for loss, damage, or liability.
Insurance Contract
An agreement between an insurer and an insured where the insurer agrees to compensate the insured for specific losses in exchange for premiums.
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