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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
Binder
Binding authority
Blanket coverage
Bodily injury Coverage
Bullet Contract
Business life insurance

Binder

An insurer’s agreement, by way of an agent, to provide non-life insurance on the spot, pending issuance of the policy contract.

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