State the following statement is True or False:At the event of loss, insurance policy holders submit a claim.

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Eduzip Academy · Accepted Answer

The policy issued to the policyholder is a promise of assistance at the time of the uncertain incident(s) for which the policy has been issued. Once the event occurs, policyholder lodges a claim to activate the insurer&#8217;s response. If the claim is accepted, the insurer will fulfill the promise by reimbursing the money assured.&#160;

State the following statement is True or False:
At the event of loss, insurance policy holders submit a claim.

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