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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Termination of contract
Termination of contract is a process, when void a contract between the insurer and the policyholder. For example, the contract may disappear…go to the dictionary >
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