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Legal Disclaimer: The content in this video is intended for informational and educational purposes only. It does not constitute legal advice or create an attorney-client relationship. For legal guidance specific to your situation, consult a licensed attorney in your jurisdiction. Description: Insurance isn’t just paperwork—it’s a powerful legal contract. In this video, we break down the essentials of insurance you should know. ✅ What is an insurance contract? ✅ How does risk transfer work? ✅ Who regulates the insurance industry? ✅ What is an insurable interest and why does it matter? Whether you’re studying law or reviewing policy language, this is your guide to risk, policies, and how insurance works. 👉 Don’t miss future episodes as we dive deeper into claims, defenses, and regulatory compliance in insurance law. 🔔 Subscribe for more videos from Legal Topics Explained.