#1
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Principles of Insurance
Hai,
I am Harry. I am Newbie to here. Commercially insurable risks typically share seven common characteristics. 1. A large number of homogeneous exposure units. The vast majority of insurance policies are provided for individual members of very large classes. Automobile insurance, for example, covered about 175 million automobiles in the United States in 2004. The existence of a large number of homogeneous exposure units allows insurers to benefit from the so-called |
#2
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what a wonderful information that you have gave me ,i respect your knowledge and agree with you
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#3
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This is a good thought that you put up here...dude
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#4
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Many are still under the illusion that they can do without life insurance. But in actuality there is no demographic of society that could do without the sense of security and peace of mind that an insurance policy would bring. Life insurance can help in many ways. A good policy can help you offset burial expenses, pay off any debts, mortgages and estate taxes, pay for your children’s educational loans, look after your spouse’s retirement fund, help maintain your family’s standard of living in your absence or could even be dedicated to the charity of your choice in case you have no dependents in need of financial aid.
From children to senior citizens, for those in the pink of health to those with chronic health conditions, from smokers to non-smokers, there is a policy out there to suit every individual requirement and with the help of an online service provider, you can receive multiple options to make your choice more well informed and accurate. Denise at AccuQuote Disclaimer: I work for AccuQuote and this is my personal opinion. Last edited by Denise : 10-01-2013 at 05:15 AM. |
#5
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In a contract of insurance the insured knows more about the subject matter of the contract than the insurer. Consequently, he is duty bound to disclose accurately all material facts and nothing should be withheld or concealed. Any fact is material, which goes to the root of the contract of insurance and has a bearing on the risk involved.
Insurable Interest Causa Proxima Mitigation of Loss Subrogation |
#6
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These Principles of insurance are the base of a healthy insurance group. Using them is the key to offering smart insurance and making reasonable revenue. They tell about the different groups that are insurable. They are categorized both for the sake of organization, and so that insurance companies can decide which area of expertise they would like to specialize in as an organization.
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#7
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Harry, thank you for such wonderful and useful information. It will help many people, I am sure! What is the source of info?
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#8
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Re: Principles of Insurance
It is always handy to be familiar with these principles of insurance. Being well-informed puts you in a better position when negotiating you insurance needs.
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#9
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I have no idea how you'd say there are exactly SIX principles of insurance. If there were, I'd not include subrogation as one of them, it's a condition more than a principle.
Sounds like someone bought an insurance class somewhere, and the people who wrote the class, decided to hit six major topics. |
#10
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It is always feel good to read nice article here in bigmoneyforum.
You have explained it well. |
#11
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re
When you discuss the annuity solution with prospects and clients, you
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