Examlex
Nonparametric methods are more sensitive than their parametric counterparts when the assumptions of
the parametric methods are met.
Co-Insurance
An insurance policy feature where the insured party and the insurer share the covered losses in a defined proportion.
Insured
The individual or entity covered by an insurance policy, which provides protection against loss or damage.
Insurer
An entity that provides insurance coverage, assuming the risk of loss from an insured party in exchange for premiums paid.
Brokers
Intermediaries that arrange transactions between buyers and sellers for a commission.
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