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insurance |
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insuranceContract guaranteeing compensation to the payer of periodic premiums against loss (under stipulated conditions) by fire, death, accident, and the like. Various consumer policies also insure legal or health services, paying bills or portions thereof, within the contracted conditions. Insurance is a major component of business activity, covering potential loss of property, inventory, or goods in transit. During the Gulf War between Iran and Iraq 1987–88, it was the refusal of insurance companies to cover losses sustained by acts of war that dissuaded oil tankers from passing through the zone of hostilities. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Insurance companies establish their premiums on risk-factor, meaning an insurance premium rate is determined by the risk of a driver getting into an accident. Car insurance premiums have soared by 14 per cent in the last three months according to research by the AA. SANA)- Insurance premiums have increased by 4, 36 % during the third quarter of 2009 over the same period last year, said |
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