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________ Refers to a Standard Block of Text That Is

question 94

Multiple Choice

________ refers to a standard block of text that is reused in multiple documents.


Definitions:

Indemnity

A contractual obligation of one party to compensate the loss incurred by another party due to the acts of the indemnitor or another party.

Insurance Claims

Requests made by policyholders to an insurance company for compensation or coverage for a covered loss or policy event.

Profiting

The act of earning a financial gain or benefit, often from business operations or investments.

Insure

The act of providing or acquiring insurance coverage to mitigate financial loss due to unforeseen events.

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