The entity to which an insured sells its goods or services and that is; authorized to enter into commitments in the name or on behalf of the government of its country, including the government itself, government agencies or any public sector institutions; majority-owned by a government; an entity whose commitments are guaranteed by the government.
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Profit share

An arrangement whereby the insured can receive back a portion of premiums paid according to certain conditions (usually dependent on the claim ratio of the policy). The distribution of a percentage of the profits of the policy back to the insured according to certain conditions (usually dependent on the claim ratio of the policy).
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Political risk (Country risk)

The risk that a government buyer or country prevents the fulfillment of a transaction or fails to meet payment obligations in time; a risk that is beyond the scope of an individual buyer or falls outside the individual buyer’s responsibility; the risk that a country prevents the performance of a transaction; the risk that a
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