Insurance Verifier Question:

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Explain me what does ‘Indemnity’ term means?

Insurance Verifier Interview Question
Insurance Verifier Interview Question

Answer:

‘Indemnity’ term in theinsurance is used to cover the loss or damage claimed by another person. For example, the owner of the gym has indemnity insurance to compensate it customers in case of injury or accident and to avoid the financial loss due to a lawsuit.

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