Instructions: Identify the Following Terms

question 115

Short Answer

Instructions: Identify the following terms.
India and cotton cloth

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Definitions:

Insurer

A company or entity that provides insurance coverage to individuals or organizations against financial loss in exchange for premium payments.

Claim

A formal assertion of one's right to money, property, or legal remedy due to harm or wrongdoing experienced.

Bad Faith

An intentional dishonest act by not fulfilling legal or contractual obligations, misleading another, entering into an agreement without the intention or means to fulfill it, or violating basic standards of honesty in dealings.

Denies Coverage

The act of an insurance company refusing to pay out a claim on an insurance policy.