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	<title>TaxGuru &#187; backers</title>
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		<title>History of General Insurance, Reform in the sector, General Insurance Products, Non –Life Insurance companies and IRDA</title>
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		<pubDate>Sun, 29 Nov 2009 16:15:25 +0000</pubDate>
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				<category><![CDATA[General Info]]></category>
		<category><![CDATA[babylonia]]></category>
		<category><![CDATA[babylonian king]]></category>
		<category><![CDATA[backer]]></category>
		<category><![CDATA[backers]]></category>
		<category><![CDATA[business insurance]]></category>
		<category><![CDATA[code of hammurabi]]></category>
		<category><![CDATA[coffee house]]></category>
		<category><![CDATA[corporate seal]]></category>
		<category><![CDATA[deceased members]]></category>
		<category><![CDATA[edward lloyd]]></category>
		<category><![CDATA[greeks and romans]]></category>
		<category><![CDATA[guarantee business]]></category>
		<category><![CDATA[insurance business]]></category>
		<category><![CDATA[king hammurabi]]></category>
		<category><![CDATA[living expenses]]></category>
		<category><![CDATA[marine insurance]]></category>
		<category><![CDATA[perpetual succession]]></category>
		<category><![CDATA[phoenicia]]></category>
		<category><![CDATA[ship owners]]></category>

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		<description><![CDATA[Insurance probably made a beginning in the ancient land of Babylonia In the 18th century B.C., Babylonian king Hammurabi developed a code of law, known as the Code of Hammurabi, which codified many specific rules governing the practices of early risk-sharing activities. For instance, the code dictated that traders had to repay merchants who financed trading voyages unless thieves stole goods in transit, in which case debts would be cancelled.]]></description>
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