Examlex
_____ occur when agents make requests based on their position or authority.
Risk Management
The transfer and distribution of risk.
Transfer and Distribution
The process of moving goods from one location to another and allocating them among parties or points of sale.
Antilapse Clause
A provision in a will or estate plan that specifies what happens to a gift if the beneficiary predeceases the donor, often allowing the gift to pass to the beneficiary's heirs.
Incontestability Clause
A part of an insurance contract that precludes an insurance company from challenging statements in an insurance application after a certain period of time.
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