Insurance Vocabulary

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October 5, 2023 3 min read Definitions
Ex Gratia Payment in General Insurance: Understanding Goodwill Payments
Finance Insurance Vocabulary Consumer Relations Insurance Ex Gratia Goodwill Payments Claims Compensation
Explore the concept of ex gratia payments in general insurance — voluntary compensation by insurers, not required by contract. Understand when and why these goodwill payments are made.
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Insurance Terms Lexicon

Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.

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