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The National Conference of Insurance Legislators additionally works to harmonize the totally different state laws. Fraternal insurance is supplied on a cooperative basis by fraternal benefit societies or other social organizations. Volcano insurance is a specialised insurance protecting towards harm arising particularly from volcanic eruptions. Mitigation – In case of any loss or casualty, the asset owner must try and maintain loss to a minimum, as if the asset was not insured. Contribution – insurers, which have comparable obligations to the insured, contribute in the indemnification, in accordance with some methodology. Lloyd's Coffee House was the primary organized market for marine insurance.
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House Insurance
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