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Insurance Transfer of risk from one person or organization to an insurance company Indemnity The principle to restore the insured to the pre-loss economic or financial condition. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 ...

NEW YORK TIMES V UNITED STATES (also known as the Pentagon Papers Case) NYT published some of the Defense Department documents/ Pentagon Papers which revealed some of the decision making during the Vietnam War. President Nixon urges to stop further publication of the documents because it would dan...

What type of reinsurance contract involves two companies automatically sharing their risk exposure? treaty A group-owned insurance company that is formed to assume and spread the liability risks of its members is known as a risk retention group What is the name of the law that requir...

Life insurance is designed to... help offset the financial loss a family experiences due to a premature death. Term is designed for Temporary coverage needs Brainpower Read More Permanent plans designed for life time coverage and feature cash value accumulation Death Bene...

Arbitrator A third party to a negotiation who has the authority to dictate an agreement. Endorsement A policy form that alters or adds to the provisions of an insurance contract Accident A sudden, unintended, and unplanned event from which loss or damage results Deductible T...

Name of Case New York Times Co v. United States (1971) Facts of Case In what became known as the "Pentagon Papers Case," the Nixon Administration attempted to prevent the New York Times and Washington Post from publishing materials belonging to a classified Defense Department study regard...