Examlex
Which of the following will create expanding demand, particularly for industrial goods and business services, in Latin America?
Coinsurance
An insurance policy provision under which the insurer and the insured share costs, after the deductible is met, according to a specific formula.
Insured
A person or entity covered by an insurance policy, protecting them against financial loss from specified risks.
Insurer
A company or entity that provides insurance coverage to policyholders in exchange for premiums.
Deductible
An amount that a policyholder must pay out of pocket before an insurance company will cover any expenses.
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