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A - Actuary, Annuity, Assistance

8 April 2008
Written by: admin Posted under Vocabulary

Actuary
Expert on the insurance mathematics, owning the theory of actuary calculations regulating mutual relations between the insurer and the insurant.

Annuity
Insurance contract according to which the insurer in exchange for payment of the insurance premium undertakes to pay the regular income (rent) to the insured party.

Assistance
Services of medical, technical or financial character, which occur according to the terms of the travellers insurance contract at insurance case: traumas, diseases, etc.


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