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What does the term "Knock for Knock" refer to in the insurance industry?

AA dispute resolution method between policyholders

BAn agreement where insurance companies pay for their own policyholders' losses regardless of fault

CA type of insurance policy for property damage

DA clause that limits the liability of insurance companies

Answer:

B. An agreement where insurance companies pay for their own policyholders' losses regardless of fault

Read Explanation:

ഇൻഷുറൻസ് കമ്പനികൾ അവരുടെ സ്വന്തം പോളിസി ഉടമകളുടെ നഷ്ടത്തിന് പിഴവ് പരിഗണിക്കാതെ പണം നൽകുന്ന ഒരു കരാർ


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