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GLOSSARY

 GLOSSARY TERMS by Alpha
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Waiver of premium
Waiver of subrogation
Wear and tear exclusion
Whole dollar premium
Whole Life Insurance
Workers compensation insurance
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Whole dollar premium

The practice of many insurers to round premiums to the nearest dollar, rather than carrying them out to the nearest cent. An amount of 51 cents or more is usually rounded up to the next dollar, and any cents amount less than that is dropped.

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