Explain the following terms as used in insurance business: (a) Surrender value (b) Days of grace (c) Ex-gratia payment (d) Endorsement (e) Disclosure.
Question 1 Report
Explain the following terms as used in insurance business:
(a) Surrender value
(b) Days of grace
(c) Ex-gratia payment
(d) Endorsement
(e) Disclosure.
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