Examlex
Adapting employee policies and practices so that no employee is disadvantaged because of race, colour, sex or disability is referred to as
Insurable Interest
A requirement that a person seeking to purchase an insurance policy must have a stake in the well-being of the person or property insured.
Endorsement
The signing of one’s name on the back of a negotiable instrument for the purpose of negotiating it to another.
Premiums
Payments made regularly to an insurance company in exchange for coverage, representing the cost of the insurance policy.
Co-insurance Clause
A provision in insurance policies requiring the policyholder to bear a portion of the loss by maintaining coverage of a specified percentage of the value of the property to receive full reimbursement.
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