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ClaimA demand by the insured for a benefit to be paid by the insurers under the conditions of the policy.Similar MatchesContingent claimContingent claimA claim that can be made only if one or more specified outcomes occur. Direct ClaimDirect ClaimA financial claim issued by a deficit unit to acquire funds for investment in real assets. Nonmarketed claimsNonmarketed claimsClaims that cannot be easily bought and sold in the financial markets, such as those of the government and litigants in lawsuits. No claim bonusNo claim bonusA bonus which is awarded to a policy holder when no claims have been made on an insurance policy during the period of insurance, usually one year. The bonus is subsequently applied to reduce the renewal premium. The motor insurance business uses this approach extensively and companies will usually increase no claim bonuses annually up to a maximum, typically 60%, after four or five years. This method of rewarding policy holders with no claims is sometimes used in household insurance. Indirect ClaimIndirect ClaimClaim of a financial intermediary; the intermediary relends funds to the deficit unit to enable it to acquire real assets. Further SuggestionsContractual ClaimResidual claim Quitclaim Deed Insurance claim Claimant Marketed claims |
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