WebJun 11, 2024 · In an insurance contract, one party, theinsured, pays a specified amount of money, called a premium, to another party, the insurer. The insurer, in turn, agrees to compensate the insured for specific future losses. The losses covered are listed in the contract, and the contract is called a policy. http://www.unishivaji.ac.in/uploads/distedu/2024_2024/SIM%202424/B.%20Com.%20Part-I%20Insurance%20Sem.%20I%20Unit-1,%202,%203%20(1).pdf
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WebEncyclopedia of Business Information Sources - Linda D. Hall 2008 Each updated edition of this detailed resource identifies nearly 35,000 live, print and electronic sources of information listed under more than 1,100 alphabetically arranged subjects -- industries and business concepts and WebMoney. Wealth. Life Insurance. 6 about him: “In the Great Stock Market Crash of 1929 he was almost wiped out, but with the money he borrowed on his $3 million dollar life … long term pod rentals
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Webinsurance policy is greater for the first year after the issue of the insurance policy than the yearly renewable term (YRT) premium; later the premium is smaller than the YRT premium. If a certain number of persons enter an insurance company, then the company will create a considerable surplus after covering the Webinsurance, a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain accidental occurrences result in losses during a given period. It thus is a method of coping with risk. Its primary function is to substitute certainty for uncertainty as regards … Web4 2. Rock Fell :Insurance is source of distribution of loss of few persons into many persons. 3. A.Z.Mayerson: Insurance is a device for the transfer to an insurer of certain risks of economic loss that would otherwise come by the insured. 4. Encyclopedia Britannica: Insurance may be described as a social device whereby a large group of individuals, … hopi ihs clinic