Understanding Insurance - There are many kinds of kinds of
insurance such as health insurance, car insurance, education insurance, life
insurance, and others.
Understanding Insurance is a tool that is used to reduce the
risk contained in the economy is by bringing together a number of units that
can be exposed to the risk of the same, or nearly the same in a large amount,
so that the probability of losses could be predicted and if losses are
predicted correctly does happen it will be shared proportionately by all
parties in the joint ".
PRINCIPLE - PRINCIPLES OF INSURANCE
There are some basic principles that are very important
insurance that must be fulfilled by either the insured or the insurer for the
contract or agreement applicable insurance.
1. Principles of Good Faith
It is an action to disclose accurately and completely, all
material facts regarding something to be insured, whether requested or not. The
meaning is: the bear should honestly explain everything clearly about the
extent of the terms or conditions of insurance and the person responsible
should also provide a clear and accurate description of the object or the
interests of the insured.
2. The principle of interest that can Insure
It is a to insure arising out of a financial relationship,
between those on the responsibility to the insured and legally recognized.
3. Principle of Indemnity
A mechanism by which the insurer to provide financial compensation
to put people in a position of financial responsibility that he had prior to
the loss.
4. Principle of Subrogation
It is a transfer of demand from people who paid to the
insurer after the claim is paid.
5. Principle of Contribution
The right insurer to insurer invite other equally bear, but
do not have the same obligations to the people who paid to help provide
indemnity.
6. Principle of Proximate Cause
Means the active, efficient cause of events which lead to a
result without the intervention of a force started and working actively from a
new and independent source.
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