Examlex
Return on investment can be calculated by multiplying return on assets by investment turnover.
Insurers
Companies or entities that provide insurance coverage to individuals, businesses, or other organizations in exchange for premiums.
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.
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