The Words Used in an Insurance Contract Are Given Their

question 1

True/False

The words used in an insurance contract are given their ordinary meanings in light of the nature of the coverage involved.

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Definitions:

Birth Rates

The quantity of babies born alive per thousand individuals in a community during a specific year.

Demographic Transition

A model describing changes in birth and death rates in a country as it develops, leading to stabilization of the population.

Birth Rate

The frequency at which births occur in a population per unit time, often measured as the number of births per 1,000 people per year.

Death Rate

The number of deaths per unit of population within a specific time frame, often expressed per 1,000 or 100,000 individuals per year.