The correct answer to complete the overlapping part of the problem is a transfer.
Insurance Policy is a written contract between the insurance company (the guarantor) and the customer (the insured) that contains the transfer of risk and the applicable conditions (the sum of the sum insured, the type of risk borne, the period and so forth ).
An insurance policy is also called a contract or insurance certificate. This is very important for customers and insurance companies, as follows:
There is written evidence if an agreement has been reached between the two parties. Guarantee for customers is to compensate for losses from insurance companies. Where all that includes legal prosecution in the event of a misunderstanding, between the customer and the guarantor. Instead, the insurance company stipulates that the policy is a receipt from the customer, and the customer must comply with applicable regulations. (Given the importance of insurance policies it's good for customers to know exactly about the benefits of purchased insurance)
There is a term of the free display period, which means that insurance policyholders have the right to cancel the agreement if they do not agree to the terms of the insurance policy. And the company must return the premium paid by reducing the cost of canceling the policy.
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Insurance policy brainly.com/question/7769261, brainly.com/question/2289856
Details
Class: College
Subject: Business
Keyword: an insurance policy.
