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The right an
insurance company
possesses allowing them to assume any legal rights/privileges the original
policyholder may have possessed with
regard to their claim.
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The maximum amount of money an
insurance company
may pay out on a specific
policy
should a claim be made against that particular policy.
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The group of Lloyd's-based
underwriters responsible for gauging the
optimum tradeoff between risk/reward for an insurance quote.
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