Examlex
Punishment is also called
Insurance Companies
Financial institutions that provide coverage against specified losses in exchange for premium payments.
Deductibles
The amount policyholders must pay out of pocket before an insurance company will cover the remaining costs of a claim.
Moral Hazard
The situation where one party is more likely to take risks because they do not bear the full consequences of their actions, often occurring in insurance and finance.
Health Insurance
A form of insurance coverage that pays for medical and surgical expenses incurred by the insured or provides reimbursement for such expenses.
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