An Insurance Policy Is a Written Contract

question 26

True/False

An insurance policy is a written contract.

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Definitions:

Error-free Product

A product or result that is free from mistakes, inaccuracies, or defects, often achieved through meticulous checking and quality control.

Discriminatory Language

Language or phrasing that makes unfair distinctions or shows prejudice against individuals or groups based on personal characteristics such as race, gender, or age.

Bias Avoidance

Efforts to recognize, reduce, and remove personal and systemic biases in decision-making processes or information presentation.

Fiscal Year

A twelve-month period used for accounting purposes and preparing financial statements, which may or may not align with the calendar year.