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Explain the functions of organizational subcultures.
Policy
The contract of insurance.
Life Insurance Policy
A contract between an insurer and a policyholder that pays a designated beneficiary a sum of money upon the death of the insured person.
Beneficiaries
Individuals or entities designated to receive benefits or assets from a will, trust, insurance policy, or other legal agreement.
Violates the Law
An act or omission that goes against statutory, regulatory, or case law, leading potentially to legal sanctions or penalties.
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