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Insurance Law  

Legal Research Guide for Insurance Law resources available at Wheat Law Library.
Last Updated: Jul 13, 2015 URL: Print Guide RSS Updates

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A contract of insurance is an agreement in which one party (the insurer), in exchange for a consideration provided by the other party (the insured), assumes the other party's risk and distributes it across a group of similarly situated persons, each of whose risk has been assumed in a similar transaction (Jerry, Understanding Insurance Law 15).


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