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Johnny James buys an insurance policy that states that, to the extent Johnny has waived his rights of recovery against another party, the insurer will
Johnny James buys an insurance policy that states that, to the extent Johnny has waived his rights of recovery against another party, the insurer will not attempt to recover amounts paid under the policy from that party. This provision of the insurance policy is commonly called
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a a limitation of liability provision.
b a waiver of subrogation provision.
c a hold harmless provision.
d a liquidated damages provision.
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