51.
In a life insurance contract, the stated sum of money to be paid to the beneficiary upon the insured’s death is termed as _________

52.
A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependants is called _________

53.
A seller’s market in which insurance is expensive and in short supply is termed as _________

54.
An environment where insurance is plentiful and sold at a lower cost, also known as a Buyers market is called _________

55.
The concept of insurance involves a transfer of