Examlex
Multiply to obtain an equivalent expression. Do not simplify.
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Insurance Company
A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.
Insured Party
An individual or entity that is covered under an insurance policy and is entitled to receive compensation for loss, damage, or liability.
Insurance Contract
An agreement between an insurer and an insured where the insurer agrees to compensate the insured for specific losses in exchange for premiums.
Insurer's Promise
The commitment by an insurance company to pay for losses or damages specified in an insurance policy.
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