Examlex
Which of the following does NOT represent a "superordinate-subordinate" relationship?
Premiums
Payments made for insurance coverage, often periodically, to keep the insurance policy active and the insured protected against specified risks.
Insurable Interest
The financial interest that a policyholder has in the person or property that is insured.
Life Insurance
An insurance contract that provides monetary compensation for losses suffered by another’s death.
Beneficiary
A third party receiving benefits from a contract made between two other parties. Also, the person named in an insurance policy to receive benefits paid by the insurer in event of a claim.
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