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Which statement about minutes of a committee meeting is LEAST accurate?
Straight-life Policy
A type of life insurance policy where premiums are paid throughout the policyholder's lifetime, with benefits paid out upon death.
Maximum Loan
The largest amount of money that one can borrow from a lender under specified terms.
Insured
An insured individual is someone who is covered under an insurance policy, protecting them against certain risks or losses.
Deductible
The amount paid out of pocket by the policyholder before an insurance company pays any expenses.
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