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That said, group life insurance often has lower coverage limits than private plans. This is where voluntary (or supplemental) life insurance steps in. It bridges the gap, offering higher limits at ...
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
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RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
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In the context of negotiations, a framework agreement is an agreement between two parties that recognizes that the parties have not come to a final agreement on all matters relevant to the relationship between them, but have come to agreement on enough matters to move forward with the relationship, with further details to be agreed to in the future.
The main owner of the bank is the ONEXIM group, which owns 83.02% in its authorized capital. [12] Another 6.5% is owned by Evgeny Yurchenko. [13]At the beginning of 2012, the ONEXIM Group acquired a 32.25% stake in the bank from Renaissance Group, [14] and in November 2012 it bought out the remaining stake in Renaissance Group, increasing its stake to 89.52%. [15]
A fixed-term contract is a contractual relationship between an employee and an employer that lasts for a specified period that is determined in advance. These contracts are usually regulated by countries' labor laws, to ensure that employers still fulfill basic labour rights regardless of a contract's form, particularly unjust dismissal.