INSURANCE

Sure, here’s the meaning of the word “refund”: refund: To give back money that has been paid, usually as a result of a mistake or as a refund of a deposit. To reimburse someone for money they have spent. Here are some examples of how the word “refund” is used: The store offered a full […]

Definition: An insurance underwriter is a professional who evaluates risks and determines the premiums that policyholders pay. The primary responsibility of an underwriter is to assess the likelihood of a loss and calculate the appropriate premium based on the insured’s age, gender, location, driving history, and other factors. Key Responsibilities: Risk Assessment: Analyzing various factors, […]

Subrogation Subrogation is a legal right that allows an insurer to recover damages paid out on a claim from the third-party responsible for the damage. It is a common law doctrine that applies when an insurer has paid out damages for a claim covered by its policy and the insurer has the right to recover […]