About an insurance contract: The insurer must indemnify the insured for losses caused by specified events.

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About an insurance contract:

■■ The insurer must indemnify the insured for losses caused by specified events.

■■ In return, the insured must pay a fixed premium during the policy period.

■■ Interpretation of an insurance contract can give rise to a legal action when the insurer refuses to indemnify the insured.

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