It is an assurance by one person by means of which he/she agrees to safeguard another person against an anticipated loss.
An insurance company that is undergoing a financial crisis and is not in a situation to pay off its policy obligations. Though the insurer is not insolvent, there is a high probability that it might not be able fulfil its financial obligations towards the policy holders.
It is a form of risk which conforms to the rules and statements of the insurance policy in a manner that the insurance criteria are satisfied.
The amount of money earned through the investment portfolio of an insured individual in the form of dividends, interest etc.
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