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COMMONLY USED TERMS AND ACRONYMS IN GENERAL INSURANCE 

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Hazard :: Condition that creates or increases the chance of loss.

 

Health Insurance  :: A policy that will pay specifies sums for medical expenses or treatments. Health policies can offer many options and vary in their approaches to coverage.

 

Hospice :: A health care organization that provides humane, dignified care for dying patients.

 

Hull Insurance :: Insurance of a vessel and its machinery. A policy is generally taken out during construction which covers the ship for the whole of its useful life.

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