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a) Surrender value- The amount that the insurer pay the insured if he / she discontinue the
contract at a date prior to that on which it is due to mature
b) Proposer-This is the person who wishes to be insured.
c) Re – insurance - When an insurance company insures itself with another bigger insurance
company .
d) Binder- It is a temporary document acting as evidence of the policy being in force
gideon1 answered the question on November 2, 2017 at 05:13
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