Examlex
Waves are oscillations of the water surface.
Contribution
The right of insurers (more than one) to share a loss where the policies so provide.
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.
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