Life Insurance 45

LIFE INSURANCE WARRANTIES

For understanding warranties ‘Representations'should be thoroughly understood because in life insurance those representations which are ...

Companies use captive insurance companies as a risk managementtool. A captive insurance company is an entity created and controlled by a par...

From what has been said so far the students should be able to grasp the reason as to why reinsurance is resorted to. However, to sum up in a...

The marine insurance policy is issued only when the contract has been finalized and it would be legal documents of evidence of the contract....

In day-to-day life the man is confronted with various risks. However great a genius he may be, it is not possible for him to foresee all the...

The insurance provides safety and security against the loss on a particular event. In case of life insurance payment is made when death occu...

Functions of insurance are to spread the loss caused by a particular risk over a number of persons, who are exposed to it and who agree to i...