Examlex
What is a key difference between gain-sharing and organizational performance pay plans?
Coinsurance Clause
A provision in insurance policies that requires the policyholder to bear a portion of the costs of a claim, encouraging insured parties to avoid excessive risks.
Insurance Company
An organization that offers risk management in the form of insurance policies, providing financial protection against loss or harm in return for premium payments.
Fire Damages
The physical destruction or harm caused to property and assets by fire.
Semiannual Payments
Payments made twice a year, often used in the context of loan repayments or interest calculations.
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