A trade of something of value, which becomes the basis of a contract. In the
case of insurance, the consideration is the premium paid by the insured and the
future payout of claims by the insurance company.
A trade of something of value, which becomes the basis of a contract. In the case of insurance
A trade of something of value, which becomes the basis of a contract. In the
case of insurance, the consideration is the premium paid by the insured and the
future payout of claims by the insurance company.
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