Examlex

Solved

Explain What Was the Credibility Theory of the EMS

question 87

Essay

Explain what was the credibility theory of the EMS.


Definitions:

Proceeds

The total amount of money received from a sale or transaction.

Replacement Cost

The amount of money required to replace damaged or lost assets with new ones of the same or similar quality.

Coinsurance Clause

A provision in insurance policies that requires both the insurer and the insured to share the costs of claims according to a fixed percentage.

Fire Insurance Policy

A contract that provides financial compensation to the insured in case of fire damage to property or goods.

Related Questions