Examlex
Which of the following statements are true regarding a load balancer?
Premium
An amount paid periodically to the insurer by the insured for covering his risk or the cost above the nominal value of something.
Temporary Insurance
Short-term coverage designed to provide protection for a limited period, often while awaiting the implementation of permanent insurance.
Binder Agreement
A temporary insurance contract providing coverage until a formal policy is issued.
Insurance Application
A document that contains an individual's or entity’s request for insurance coverage, detailing the specifics of the coverage sought.
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