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10 cards from this deck
Regular amounts paid by insured to insurer
Indemnity, security, utmost good faith, insurable interest
Compensation for actual loss, restore same financial position
Short-term insurance (car, home, business)
No, only restored to original financial position
Guaranteed predetermined payout for specific events
Long-term insurance (life, retirement)
Complete honesty and disclosure from both parties
Must prove genuine financial loss if item damaged/lost
Can invalidate entire insurance contract
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