The Meaning That the Receiver Assigns May Not Be the Meaning

question 66

Short Answer

The meaning that the receiver assigns may not be the meaning that the sender intended, due to factors such as _______________.

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Definitions:

Coverage Limitations

are restrictions or caps in an insurance policy indicating the maximum amount the insurer will pay for covered losses or damages.

Insurance Contract

A legally binding agreement between an insurer and the insured, detailing the terms, coverage, premiums, and obligations of both parties.

Insurable Interest

A requirement stating that a person who purchases an insurance policy must have a vested interest in the subject of the insurance.

Life Insurance

A policy that pays a specified sum to beneficiaries upon the insured person's death.