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What is the difference between gross and net liability?

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When it comes to finance and accounting, understanding the nuances between terms is crucial. Two concepts that often create confusion are gross liability and net liability. These terms sound similar but represent different financial realities for businesses and individuals alike. …

What are the four rules of Consumer Duty?

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Navigating the world of consumer rights can feel overwhelming. With endless options and constant marketing messages, it’s easy to get lost in the noise. But understanding your rights as a consumer is essential for making informed decisions and protecting yourself …

What are the cross-cutting rules for insurance?

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Navigating the world of insurance can feel like wandering through a maze. With so many regulations and guidelines, it’s easy to get lost. One key aspect that helps guide insurers, agents, and customers alike are cross-cutting rules. These essential principles …