 |
| What is insurance? |
Insurance
Insurance is a form of risky deportment control by wire transfer of risk from one party to the other party in this case is an insurance company.
What is insurance?
According to the commercial code, article 246 States that â € œinsurance or coverage is a binding agreement the insurance company to the insured, to receive a premium, for the replacement of him for the damage or loss of expected benefits may be experienced due to the events that the uncertain ".
Other definitions of insurance is the transfer of risk from the first party to the other party. Inheritance is governed by the rule of law and the principles and universal values adopted by the first party or another party.
In economic terms, insurance means fundraiser used to cover or compensate those who suffered losses.
What are the benefits of insurance?
Not only as a form of risk control (finance), also has a range of insurance benefits are classified into primary, secondary functions: functions and additional functions.
The primary function of insurance is the transfer of risk, premium collection and mutual funds. A secondary function of insurance is to stimulate business accretion, prevent loss, damage control, social benefits and savings. While the additional functions of the investment fund and an invisible income.
Can all the risks to be insured?
Not all risks can be insured. The risk will be insured: the risks can be measured by money, the risk is homogenous (and pretty much the same risk covered by insurance), genuine risk (the risk is not profitable), special risks (risk of individual sources), suddenly (risk of accident), insurable interest (the insured has an interest in the subject who is insured) and risks which are not contrary to the law.
The basic principles of insurance
In insurance, there are six basic principles are met, return the interest insured, the maximum good faith, cause, Proximate damages, subrogasi applications and contribution applications
Title : What is insurance?
Description : What is insurance? Insurance Insurance is a form of risky deportment control by wire transfer of risk from one party to the other par...
Description : What is insurance? Insurance Insurance is a form of risky deportment control by wire transfer of risk from one party to the other par...