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Basic automatic survival functions,such as heartbeat and breathing,are controlled by the
Co-Insurance Clause
A provision in an insurance policy that requires the policyholder to bear a portion of the risk by paying a percentage of the total claim amount.
Insurance Company
A financial institution that provides a wide range of insurance policies to protect individuals and businesses against potential loss.
Responsibility for Loss
The obligation to bear the financial or material loss suffered due to specific actions, negligence, or unforeseen events.
Premium
The amount paid for an insurance policy or the additional amount above the nominal value of a security or investment.
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