Please Define the Following Key Terms

question 24

Short Answer

Please define the following key terms.
-National Insurance Act of 1911

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Definitions:

Avoid

To keep oneself from doing something, or to prevent a particular outcome from happening.

Transaction

An instance of buying or selling something; a business deal or action.

Utmost Good Faith

A legal doctrine requiring parties in certain types of contracts, such as insurance, to act honestly and disclose all relevant information.