 Wysłany: Nie 21:41, 24 Wrz 2006 Temat postu: All about insurance |
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insurance69.html Principles of insurance From the point of view of the insurance company there are four general criteria for deciding whether to insure events or not. 1. there must be a larger number of similar objects so the financial outcome of insuring the pool of exposures is predictable. Therefore they can calculate a "fair" premium. 2. the losses have to be accidental and unintentional from the point of view of the insured. 3. the losses must be measurable, identifiable in location, time, and be definite. building direct home insurance They also want the losses to cause economic hardship. That is, so the insured has an incentive to protect and preserve the property to minimize the probabilty that the losses occur. 4. the loss potential to the insurer must be non-catastropic. It cannot put the insurance company in financial jeopardy. farm insurance logo state farm insurance office state farm insurance mutual state state farm insurance home page farm insurance medical state claim farm insurance office state state farm insurance rate com farm insurance state boat farm insurance state bank farm insurance state chicago farm insurance state senior supplemental health insurance The loss must not be catastrophic: If the insurer is insolvent, it will be unable to pay the insured. In the United States, there is a system of Guarantee Funds that run at the state level to reimburse insured people whose insurance companies have become insolvent. More http://insurance-company-car-auto-health.com/insurance-agency/ |
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