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As prosperity and population increased in Song China, Chinese officials
Annual Premium
The total amount paid yearly to keep an insurance policy active.
Collision Deductible
A collision deductible is the out-of-pocket amount a policyholder agrees to pay before their insurance coverage applies to repair vehicle damages in the event of an accident.
Insurance Premiums
Payments made to insurance companies to provide coverage and protect against various risks or damages.
No-fault Insurance
An insurance policy where policyholders are compensated by their own insurance company, regardless of who is at fault in an accident.
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