Meaning of the word: Participation
Participation is a supplement in the treaty, where is listed the information about the contribution to the indemnity by the insured person himself. If the damage caused by the insured, the indemnity shall be reduced just about participation. Participation is measured as a percentage, the amount ranges from 10% to 1%.back to dictionary >
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Pension is a old-age pension, which is paid from the pension insurance scheme within the pension system. The pension is paid in monthly installments…go to the dictionary >
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