Examlex
Which of the following statements is correct with respect to our constitutional law?
Insured
A person or entity covered by an insurance policy, receiving protection against specified risks or losses in exchange for premium payments.
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.
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