List the Seven Major Steps of Compiling Information

question 74

Short Answer

List the seven major steps of compiling information.

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Definitions:

Insurable Interest

A principle requiring a person to have a legitimate financial or other interest in the life, property, or well-being of the insured subject, to obtain insurance for it.

Property Insurance

Insurance that provides protection against most risks to property, such as fire, theft, and some weather damage.

Consideration

The value (such as money, a service, or a promise) that is given by one party to another in exchange for something else, forming a necessary component of a legally binding contract.

Premium

The amount paid for an insurance policy.