It Is A Financial Agreement Between An Insurance Company

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Fair value — the amount on which an asset (or lia­bility) could be acquired (or mar­ried) or sold (or liq­ui­dated) in the con­text of cur­rent trans­ac­tions between the con­tracting par­ties, i.e. other than in the case of forced sale or forced liq­ui­da­tion. The market prices indi­cated in the active mar­kets are the best proof of fair value and, if nec­es­sary, serve as a basis for val­u­a­tion. When a quoted market price is avail­able, fair value is the product of the number of busi­ness units that mea­sure the market price. Work Allowance — insur­ance of an employer‘s lia­bility in the event of injury, dis­ability or death of per­sons in their employ­ment, regard­less of your fault, as required by the National or Fed­eral Workers‘ Com­pen­sa­tion Act and other laws. Adjuster — a person who ver­i­fies claims and rec­om­mends set­tle­ment options based on claims esti­mates and insur­ance poli­cies. Gross pre­mium — Net pre­mium for insur­ance plus com­mis­sions, oper­ating com­mis­sions and other com­mis­sions. For life insur­ance, it is the pre­mium, including div­i­dends. Dual Interest — insur­ance that pro­tects the shares of the cred­itor and the debtor in the assets that secure the debtor‘s credit transaction.

Dual Interest” includes insur­ance com­monly referred to as “lim­ited double rates.” Credit risk — part of the risk-​​based cap­ital for­mula, which deals with the ability to recover a company‘s debts and the risk of loss from a sup­plier or inter­me­diary that has received advances. Col­lat­eral Loans: uncon­di­tional oblig­a­tions to pay money guar­an­teed by the secu­rity of an invest­ment. And if you‘re just looking for quotes, it‘s pretty easy to do it your­self online. Retro­ces­sion — the por­tion of the risk that a rein­sur­ance com­pany rep­re­sents or the amount of insur­ance that the com­pany does not comply with. Direct written pre­mium — total pre­miums col­lected by an insur­ance com­pany without adjust­ment for the return of a por­tion of these pre­miums to the rein­surer. Tracking events — events or trans­ac­tions avail­able after the bal­ance sheet closing date, but before the legal finan­cial state­ments and before the date of issuance of the audited finan­cial state­ments or for the insti­tu­tion. Credit Health Insur­ance — A policy that returns the cred­itor as the ben­e­fi­ciary of the debtor‘s insur­ance and thus trans­fers the bal­ance of pay­ment to the cred­itor in the event of inter­ven­tion on the debtor. Condos — owner‘s insur­ance sold to occupy the owners of the prop­erty described. Pre-​​sale pre­miums — occur when a policy has been processed and the pre­mium has been paid before the effec­tive date. These are liable to the com­pany and are not included in the issued pre­mium or the unearned pre­mium reserve. Health plan — written com­mit­ment of cov­erage for an indi­vidual, family or group of insureds when a ben­e­fi­ciary is enti­tled to a defined set of health care, for example.

B against a defined con­sid­er­a­tion. B a bonus. With respect to auto­mo­bile insur­ance, for example, the prob­a­bility of a right against a young driver living in an urban area may be higher than that of a sub­urban teen driver. Gen­er­ally speaking, the higher the risk, the more expen­sive the insur­ance policy (and there­fore insur­ance pre­miums). Most con­sumers in the region find the best way to find the most advan­ta­geous insur­ance pre­miums. You can choose to buy inde­pen­dently of cer­tain insur­ance companies.

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