Health insurance is customary, several insurance companies (also known as the exhibition) to pay for certain losses that may arise. Institutions insured against the risk of a fee is being protected, the rate depends on the frequency and severity of the event. In order to ensure the insured risk must meet certain characteristics to an insurable risk.Insurance is a trading company and an
important part of the financial sector, but also individuals can save you self-insure for possible future losses. [1] Insurability Main article: insurability The risk can be insured by private companies typically share seven common characteristics: [2] A large number of similar exposure units: Since the works by pooling resources insurance, insurance companies are for the most individual members of large classes, which allows insurance companies to take advantage of the law provided a large numbers in expected losses are comparable with the current losses. The exceptions are Lloyds of London, to be known, whose life or health of actors, athletes and other
celebrities is. However, all rooms have individual differences that can lead to several awards. Permanent loss: the loss takes place at a known time in a known location, and a known cause. The classic example is death of an insured in a life insurance policy. Burns, car accidents, and workers can easily meet all these criteria. Other types of losses are not defined in the theory.Occupational diseases, for example, may be prolonged exposure to adverse conditions, without time, place or cause is identifiable. Ideally, the time, place and cause of loss should be quite clear that a reasonable person could properly, in order to see that the three elements. Accidental loss: The event is the trigger of a claim must be random, or beneficiaries, at least outside the control of insurance. The loss must be, in the sense that they are the result of an event that is purely an opportunity not only for the costs. The events, speculative elements, such as
business risks, or even the purchase of a lottery, so it will not be insurable. A great loss: The amount of damages must be significant from the standpoint of the insured. The insurance premiums should reflect the expected cost of losses, plus the cost of providing for the issuance and management of the policy, adjusting losses, and resources necessary to ensure that the insurer can pay claims. For small losses these latter costs several times the size of the expected cost of losses. There is almost no reason to pay if the protection they offer added value to a buyer. Reasonable price, if the probability of an insured event is so high, or the cost of the event so large that the resulting premium is large relative to the level of protection provided, it is unlikely that insurance be purchased, if available. Moreover, as the profession of accountants recognized formally, the
Financial Accounting Standards, the prize can not be so great that there is no reasonable possibility of significant loss for the insurer. If there is no possibility of such loss, may take the form of insurance, but not the substance. (See the U.S. Financial Accounting Standards Board Standard Digital 113) Loss calculated: There are two elements to be determined, at least, if not formally calculated the probability of loss, and the standard cost.Probability of loss is generally an empirical exercise, while the cost is more with the ability of a reasonable person in possession of a copy of the insurance policy and proof of loss claim with partners to make a clear policy to a level objective and reasonable of damages as a result of the complaint. Low risk of large catastrophic losses: the losses are not insurable completely independent and not catastrophic, which means that losses will not occur all at once and the individual losses are not strong enough to hold the insurance means, in bankruptcy, the
Insurance companies prefer to limit their exposure over the loss of a single event to a small part of their capital base. Capital limits the ability of insurance against earthquakes and wind insurers to sell insurance in hurricane zones.United States, the risk of flooding by the federal government made available. In commercial fire insurance it is possible, the unique properties whose total exposed value is well above the bond of an insurer's capital has been given. These properties are usually between two or more insurers that of an insurer, insured with the unions only risk in the reinsurance market. Legal If a company has a unit, says there are fundamental requirements in the law. Several legal principles of insurance are often cited [3] Compensation - insurance protects or compensates the insured for damage due only to the interests of policyholders.
Insurable interest - usually directly to the insured suffers the loss. Insurable interest must exist when the insurance coverage or assets of a person is involved. The concept requires that the insured is an "interest" in the loss or damage to persons or property is insured. That "game" must be determined by the type of insurance and the type of property or the relationship between people. Good faith - the insured and the insurer is bound by a bond of trust and faith in the honesty and fairness. Material facts must be disclosed. Contribution - the insurance companies have similar obligations to policyholders to contribute to compensation in accordance with any other method. Subrogation - the insurance company acquires rights in the name of the contractor to recover, for example, the insurer responsible for the loss of the insured. Proximate cause or proximate cause - the cause of loss (risk) should be covered by the guarantee contract policy, and the main cause should not be excluded The principle of minimizing losses - In the event of loss or damage in case of attempted business owners to keep the loss to a minimum, as if the task is not guaranteed. Compensation Main article: Compensation An "offset" the means to do it all again, or return to a position has been, as far as possible, before the occurrence of a specific event or threat.Consequently, life insurance is generally not considered a policy of liability insurance, but insurance "contingent" (ie a claim arises from the occurrence of a specific event). There are generally two types of insurance policies that seek to compensate the insured: "Compensation" of politics and or a "name" [4] policy "to be paid in the name." The difference is significant at the paper, but rarely material in practice. A policy of "compensation" does not pay claims until the insured to pay out of pocket to another, for example, house a visitor slips on a floor that has been wet and charges $ 10,000 and wins. Under a policy of "compensation", the owner would have to reach $ 10,000 to pay for the drop in visitors and would be "compensated" by the insurance company for expenditure ($ 10,000). [4] [5] In the same situation a policy of "pay on behalf", the insurance would pay the claim and the insured (the owner in the previous example) would not spend money on something inappropriate.Insurance "to pay in the name." Liability of the writing art, on the basis of language [4] A company is trying to risk (an individual, corporation or association, etc.) transferred to the 'safe' when the risk is assumed by an "insurer", the party said through an agreement called the insurance police. Generally concludes an insurance contract at least the following: identification of the involved parties (the insurer, the insured, the beneficiaries), the award, the period of coverage, including loss of housing, the amount of coverage (eg the ' amount to be paid to the insured or the beneficiary in case of loss) and exclusions (events not covered.) insured "compensated" right to be insured against loss. If the insured has suffered the loss of a specific risk, the insurance cover you have a claim against the insurer for the amount of the loss of coverage through the policy file specified. The rate of the insured pays the insurer to take over the means of risk premium. In theory, a candidate for a relatively small number - - insurance premiums and overhead costs for many policyholders fund accounts for the rights must be granted later. While the insurer maintains adequate funds, which is set for the expected losses (the so-called reserves), the residual margin of profit insurer.
Silahkan tinggalkan komentar anda, baik saran atau kritik. Satu Komentar sangatlah berharga asalkan jangan nyepam