For Mutual Insurers, Profits Are Shared with Owners as _____

question 67

Short Answer

For mutual insurers, profits are shared with owners as _____.

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Definitions:

Breach of Warranty

A violation of the promises or guarantees made about the quality, condition, or performance of a product or service.

Seek Cover

The act of attempting to find a substitute transaction or solution, typically in the context of a failed contract or transaction.

Breach of Contract

The violation of any of the agreed-upon terms and conditions in a binding contract.

Punitive Damages

Financial compensation awarded to a plaintiff, beyond actual damages, to punish the defendant for egregious conduct.