Examlex
Please define the following key terms
-cohongs
Indemnified
Protected against liability, loss, or damage, typically through a legal agreement where one party agrees to compensate another for any financial harm that arises.
Wagering Purposes
refers to the use of funds or resources for betting or gambling activities.
Co-Insurance
A type of insurance coverage in which the insurer and the insured share losses incurred according to a specified formula.
Insured
A person or entity covered by an insurance policy, receiving protection against specified risks or damages.
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