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What Is a Condition Precedent? Briefly Explain with Examples

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What is a condition precedent? Briefly explain with examples.


Definitions:

Insurance Broker

A professional intermediary who advises individuals and businesses on insurance needs and negotiates insurance contracts on their behalf with insurers.

Annual Premiums

Regular payments made yearly to keep an insurance policy active.

Renewals

The process of extending the period of validity of an agreement, policy, or subscription, often with updated terms or rates.

New-Client Policies

Guidelines or rules established by a business or organization for managing or treating new clients.

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