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H.M. provides an illustration for which major theme of the chapter?
Appraisal Clause
A provision in an insurance policy requiring that any disagreement on the value of a claim be determined through an appraisal process.
Insurance Policy
A contract between an insurer and the insured, outlining the terms for coverage of specific risks in exchange for premiums.
Antilapse Clause
A provision in a will or estate plan that allows for the substitution of beneficiaries in the event the original beneficiary predeceases the testator.
Insurance Policy
A contract between an insurer and a policyholder that specifies the terms under which the insurer agrees to pay for losses or damages to the insured.
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