Answer:
separation of powers.
Explanation:
In the US, each state has its own constitution. The constitution represents the set of all laws that must be followed in that territory. Although all US states are subject to federal law, each is free to create their own legislation.
In order to protect citizens from states of tyranny, or abuse of power by rulers, the principles that were included in most state constitutions were the separation of powers.
N an organizational structure, “chain of command” refers to a company's hierarchy of reporting relationships – from the bottom to the top of an organization, who must answer to whom. The chain of command not only establishes accountability, it lays out a company's lines of authority and decision-making power.
Due to a large inheritance, a Life Insurance policy owner no longer requires the policy and agrees to sell it to a third party for more than its cash value. This type of transaction is called a Life Settlement.
<h3>What is the Purpose of a Life Settlement Contract?</h3>
The Life Settlement Contract is simply a contract that transfers the insurance cover afforded by the Life Insurance Policy form one person to another.
The life assured of the new holder of the policyholder becomes eligible to receive the benefits of the policy when the insured dies while the policyholder takes responsibility for payment of premiums.
Learn more about Life Settlement at:
brainly.com/question/570009
