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Where is bile formed?
Co-insurance
An insurance arrangement where the risk is shared between the insurer and the insured, often requiring the insured to pay a specified percentage of the costs of a claim.
Utmost Good Faith
A principle requiring all parties in an agreement or contract to act honestly and not mislead or withhold critical information.
Wagering Agreement
A contract centered around betting or gambling where the outcome depends on an uncertain event.
Contract
A legally binding agreement between two or more parties that outlines obligations and rights of the involved parties.
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