What are the main parts of an insurance contract

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Reference no: EM133362049

What are the main parts of an insurance contract, and what are they designed to accomplish?

How are insurance contracts interpreted by the courts and regulatory bodies? In a dispute over coverage who has the burden of proof?

What is subrogation as it relates to insurance?

Consider a situation where a professional misrepresents information when acquiring an insurance policy and a third party is injured. What might happen if a claim is made against the insurance company that issued the policy based on fraudulent information? Will the insurance company be liable?

Reference no: EM133362049

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