Examlex
What is subordinateship? According to Hofstede, what is the relationship between leadership and subordinateship?
Salvage
The right of the insurer to the property where the insured is compensated for the loss.
Indemnity
The concept that distinguishes a contract of insurance from a wager.
Utmost Good Faith
A principle of insurance contracts that requires all parties to act honestly and not mislead or withhold critical information from one another.
Insurable Interest
An interest that would result in a loss on the occurrence of the event.
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