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Introduction to Risk Management and Insurance, 10e (Dorfman/Cather) Chapter 1 Introduction to Enterprise Risk Management and Insurance1) A Pure Risk is defined as: A) an event that offer no opportunity
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Course title insurance is a type of insurance that protects property buyers and lenders against defects in title to real property, ensuring the ownership rights are clear and free from any claims.
Typically, lenders and property owners are required to file course title insurance to safeguard their investment and ensure a clear title during property transactions.
Filling out course title insurance generally involves providing detailed information about the property, including the legal description, ownership history, and any existing liens or encumbrances.
The purpose of course title insurance is to protect against financial loss due to defects in title, liens, or other claims against the property, and to provide assurance to the buyer and lender.
Information that must be reported on course title insurance includes property details, title search results, any existing claims, and information about prior owners and encumbrances.
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