Insurance Is a Written Contract Between the Party Being Insured

question 36

True/False

Insurance is a written contract between the party being insured and the insurer where the financial responsibility for losses transfers to the insurer up to a specified limit.

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Definitions:

Math Method

Functions or routines in programming that perform mathematical operations such as addition, subtraction, multiplication, and division.

Whole Number

An integer value that is non-negative, including zero and all positive integers.

Ceil

A mathematical function that rounds a number up to the nearest integer.

Copy Constructor

A constructor method in object-oriented programming that initializes an object using another object of the same class.