These files merely logs visitors to the site - usually a standard procedure for hosting companies and a part of hosting services's analytics. Like many other Web sites, makes use of log files. This privacy policy document describes in detail the types of personal information is collected and recorded by and how we use it. Īt we consider the privacy of our visitors to be extremely important. Ideally, the time, place, and cause of a loss should be clear enough that a reasonable person, with sufficient information, could objectively verify all three elements.If you require any more information or have any questions about our privacy policy, please feel free to contact us by email at. Occupational disease, for instance, may involve prolonged exposure to injurious conditions where no specific time, place, or cause is identifiable. Other types of losses may only be definite in theory. Fire, automobile accidents, and worker injuries may all easily meet this criterion. The classic example is the death of an insured person on a life insurance policy. However, all exposures will have particular differences, which may lead to different premium rates.ĭefinite loss: The loss takes place at a known time, in a known place, and from a known cause. Exceptions include Lloyd's of London, which is famous for ensuring the life or health of actors, sports figures, and other famous individuals. Large number of similar exposure units: Since insurance operates through pooling resources, the majority of insurance policies are provided for individual members of large classes, allowing insurers to benefit from the law of large numbers in which predicted losses are similar to the actual losses. Risk which can be insured by private companies typically shares seven common characteristics: Insurance as a financial intermediary is a commercial enterprise and a major part of the financial services industry, but individual entities can also self-insure through saving money for possible future losses. In order to be an insurable risk, the risk insured against must meet certain characteristics. The insured entities are therefore protected from risk for a fee, with the fee being dependent upon the frequency and severity of the event occurring. ![]() Insurance involves pooling funds from many insured entities (known as exposures) to pay for the losses that some may incur. The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risks, especially if the primary insurer deems the risk too large for it to carry. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured. ![]() ![]() The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. A person or entity who buys insurance is known as an insured or as a policyholder. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.Īn entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. Insurance is a means of protection from financial loss. Silahkan lanjutkan atau unduh file yang Anda butuhkan di laman ini.
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