Write True or False to the Statements Below

question 1

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-CARICOM was formed by former Spanish colonies in the Caribbean.

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Definitions:

Revenue Losses

Financial losses incurred by a business, often as a result of decreased sales, lower pricing, or external factors affecting income.

Liability Insurance

Insurance coverage that protects an individual or entity from the risk of being liable for causing harm or damage to others.

Co-Insurance Clause

A provision in an insurance policy that requires the policyholder to bear a portion of the loss in return for a lower premium.

Insurance Claimed

Insurance claimed involves a request for payment based on the terms of an insurance policy, following a loss, damage, or occurrence covered by the policy.