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Medium-Term
Credit-Insurance |
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Evaluating a
risk at 6 months is already difficult. Beyond
that time,sharing the risk is better |
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Companies
concerned |
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Industrial or
commercial companies. |
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Covered
operations |
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Industrial, commercial
or craft companies, and excluding administrations
and private individuals. |
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Purpose |
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Indemnification
of losses resulting from the non-payment of amounts
due resulting from credit with a duration of 1
to 7 years. |
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Coverage |
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All of the operations
must be assessed by the Insurer. |
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Collection |
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Default of a
client resulting from:
- declared insolvency
- non-payment of all or a part of currently due
amounts. |
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Indemnification |
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The Insurer indemnifies
on a lump sum basis, for all unpaid monthly installments,
with a maximum amount as specified in the policy.
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