Examlex
Technical Advice Memoranda are issued in response toa request by an IRS agent.
Insurance Companies
Businesses that provide coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.
Coinsurance 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.
Fair Market Value
The price at which property would exchange hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell.
Covered Peril
Risks or events that are specifically included as covered within an insurance policy, providing protection against losses from those events.
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