Examlex
List the benefits of vertical integration.
Life Insurance
A contract between an insurer and a policyholder in which the insurer pays a designated beneficiary a sum of money upon the death of the insured person.
Floater Policy
A policy that insures property that cannot be covered by specific insurance because the property is constantly changing in either value or location.
Property
Items, assets, or possessions owned by an individual or entity, including tangible and intangible forms.
Specific Insurance
Insurance policies designed to cover specific risks, objects, or scenarios, offering tailored protection against particular perils.
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