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In most nations, life and non- insurers are subject to completely different regulatoryliferegimes and completely different tax and accounting guidelines. main purpose for the distinction between the two varieties of enterprise is that life, annuity, and pension enterprise could be very lengthy-time period in nature – protection for life assurance or a pension can cowl dangers over many decadesTheBy contrast, non-life insurance coverage cowl normally covers a shorter period, equivalent to one year.
