A commitment by an insurance company to cover credit repayments under adverse conditions such as accident or illness is called

Name: A commitment by an insurance company to cover credit repayments under adverse conditions such as accident or illness is called
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Question

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Credit insurance is specifically designed to cover the repayment of loans or credit in the event that the borrower is unable to make payments due to various adverse conditions, including accidents or illness.

A Commitment by an Insurance Company to Cover Credit Repayments