Examlex
Which of the following best defines the differential association theory?
Premium
The amount paid for an insurance policy or the charge for accepting a higher risk in financial transactions.
Business Interruption Insurance
An insurance that provides coverage for revenue lost due to a temporary business closure caused by an insured disaster.
Policy-Holder
An individual or entity who owns an insurance policy and is entitled to coverage under that policy.
Cease Operation
The act of halting all business activities permanently or temporarily.
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