A protected cell captive is a single legal entity that segregates the assets and liabilities of its individual “cells.” Each cell operates as a separate insurance entity, providing coverage for a specific company or group of companies. This structure allows businesses to benefit from the advantag...
One of the most critical aspects of risk in insurance is its direct impact on how insurance companies determine premiums. The process of pricing insurance involves assessing the level of risk associated with an individual or entity and determining a fair premium based on the likelihood of a claim...
Life insurance covers the life of the insured person. The policyholder, who can be a different person or entity from the insured, pays premiums to an insurance company. In return, the insurer pays out a sum of money to the beneficiaries listed on the policy after the insured person dies. ...
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The costs of contractor bonds and contractor insurance are not fixed. They depend on a variety of factors and are unique to each individual contractor. Bond pricing is based on the credit quality of the contractor, as well as the type of work, geography, project history, and duration of the...
An authentication factor is a category of credentials used for identity verification. For MFA, each additional factor is intended to increase the assurance that an entity involved in some communication or requesting access to a system is who -- or what -- it says it is. Using multiple forms ...
of their dreams only to find, after closing, unpaidproperty taxesfrom the prior owner. Without title insurance, the financial burden of this claim for back taxes rests solely with the buyer. They will either pay the outstanding property taxes or risk losing the home to the taxing entity. ...
To use named entity recognition, you submit raw unstructured text for analysis and handle the API output in your application. Analysis is performed as-is, with no additional customization to the model used on your data. There are two ways to use named entity recognition: Expand ta...
You can’t buy life insurance for whoever you want. Insurance companies require you to have aninsurable interest, meaning you’d face financial hardship if that person died. Thebeneficiaryis the designated person or entity that will receive the death benefit. A life insurance policy can have mul...
A unique identifier (UID) is a numeric or alphanumeric string that is associated with a singleentitywithin a given system. UIDs make it possible to select that entity so that it can be accessed, updated and interacted with. Unique identifiers can be assigned to anything that needs to be dis...