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In the expression,2AlCl3,
Deductible
The amount paid out of pocket by the policyholder before an insurance provider pays any expenses.
Premium
An amount paid that is above the standard price or rate for an enhanced feature, service, or higher priority.
Insurance Companies
Financial institutions that provide coverage against specific losses in exchange for premiums.
Signaling
Taking some action to establish credibility despite possessing private information; a way to reduce adverse selection.
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