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Definition
Attempted or actual, intentional or reckless, damage or destruction of an asset or property, owned by or belonging to a party other than the offender. Such damage or destruction is normally covered under property insurance policies but only if not committed by the insured.
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arson is in the Corporate, Commercial, & General Law and General, Marine, & Life Insurance subjects.
arson appears in the definition of the following term: felony
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http://www.businessdictionary.com/definition/arson.html