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Insurance Business

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HomeBrud.gifInsurance LawBrud.gifInsurance Business

Insurance Business is defined as:

  • An activity of an insurance enterprise with the objective of profit
  • in which the insurance enterprise accepts risks of an insured person
  • on the basis of the purchaser of insurance paying a premium
  • in order for the insurance enterprise to pay insurance proceeds to the beneficiary of the insurance
  • or to indemnify the insured person on the occurrence of the insured event.

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