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assumption of risk |
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assumption of risk, n the voluntary acceptance of the potential hazards associated with a particular form of treatment by a patient. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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While most forms of insurance involve the assumption of risk and the provision of financial indemnity, title insurance focuses primarily on loss prevention and the elimination of risk through thorough title searches, said James Maher, executive vice president of the American Land Title Association. It should have a waiver of liability and assumption of risk document that has been approved by its attorney and its insurance company. Participation requires the acceptance of an assumption of risk. |
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