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The direction of a relationship between variables is indicated by the ____.
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.
Insurance Contract
A legally binding agreement between an insurer and the insured, outlining the terms for the insurer to compensate the insured for specific losses or damages.
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