Examlex
Teams are clearly __________.
Mandated by Statute
Required or enforced by law, typically referring to obligations or actions prescribed by legislative statues.
Insurable Interest
A stake in the continued existence of the person or property insured, sufficient to qualify for purchasing insurance to protect against losses related to that interest.
Insurance Policy
A contract between an insurer and a policyholder that outlines the terms and conditions under which the insurer agrees to indemnify the insured.
Insurable Interest
A requirement indicating that a policyholder must stand to suffer a financial loss or certain types of loss from the damage or loss of the insured subject.
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