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GLOSSARY

 GLOSSARY TERMS by Alpha
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Bailment
Bailor
Bankers blanket bond
Bare
Basic causes of loss
Beach plans
Beneficiary
Benefit
Betterment
Bid bond
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Blanket coverage
Bodily injury Coverage
Bullet Contract
Business life insurance

Beach plans

Sometimes known as windstorm plans or pools, these are plans devised by coastal states to insure the windstorm exposure of coastal properties. The plans operate in a manner similar to a joint underwriting association, with participation by all insurers operating within a state.

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