Insurance Babylonian society originated from 4000-3000 BC, known as Hammurabi agreement. Later in the year 1668 AD at the Coffee House Lloyd's of London, London stands as a forerunner to conventional insurance. Sources of insurance law is positive law, natural law and pre-existing examples as culture.
Insurance brings social as well economic mission with the premiums paid to insurance companies with a guarantee of transfer of risk, namely the transfer (transfer) the risk of the insured to the insurer. Insurance as a risk transfer mechanism where the individual or business move some uncertainty as compensation premium payments. Definition of the risk here is that uncertainty occurs whether or not a loss (the uncertainty of loss).
Insurance in Indonesia started in the Dutch colonial period, associated with the success of domestic companies in the plantation sector and trade in Indonesia. To meet the needs of a guarantee of the sustainability of its business, certainly needed the insurance. The development of insurance industry in Indonesia had time to vacuum during the Japanese colonial period.
Collateral requirement can be met by the Life Insurance
1) Personal Needs, including: the provision of the final living expenses such as costs associated with death, the cost of bill payment in the form of loans or loans that must be repaid; family allowances; cost of education, and pensions. In addition, a life insurance policy that has cash value can be used as a savings or investment.
2) Business Supplies, such as: insurance on key persons (insurance for key people within the company); insurance on business owners (insurance for business owners); employee benefits (employee benefits), for example, a collection of life and health insurance.
Understanding Insurance
Life is full of unexpected risks or unexpected, because of that we need to understand about insurance. Some natural events that occurred in recent years and takes a lot of casualties, both fatalities and property, such as reminding us of the need for insurance. For every member of society including the business world, the risk for experiencing disadvantage (misfortune) are always there (Kamaluddin: 2003). In order to overcome the losses, people develop a mechanism that we now know as insurance.
The primary function of insurance is as a mechanism to transfer risk (risk-transfer mechanism), which shift the risk from one side (the insured) to another party (the insurer). Transfer of risk is by no means eliminates the possibility of misfortune, but the insurer to provide financial security (the financial security) and tranquility (peace of mind) for the insured. In return, the insured pays a premium in a very small number when compared with potential losses that may be suffered (Morton: 1999).
Basically, the insurance policy is a contract that is a legal agreement between the insurer (in this case the insurance company) with the insured, whereby the insurer willing to cover some losses that may arise in the future in return for payment (premium), some of the insured.
According to Law No. 2 Year 1992, which referred to insurance or coverage is an agreement between two parties or more, by which the parties committed themselves to the insurer the insured, by accepting the insurance premiums to provide reimbursement to the insured for losses, damages or lost profits that are expected, or legal liability to third parties that may be suffered by the insured, arising out of an uncertain event, or to provide a payment based on a person dies or lives insured.
In order for a loss of potential (which may occur) can be covered by insurance (insurable) it must have the following characteristics: 1) the loss of uncertainty, 2) losses should be limited, 3) the loss must be significant, 4) the ratio of losses can be unpredictable and 5) the loss is not catastrophic (disaster) for the insurer.
The question arises; death is definitely something, why be insured? Although it is something that contains a certainty, but at what precise moment when the death of a person outside the control of the TSB. So the time of the death scene that really contain the uncertainty is what causes it insurable.
There are two forms of agreement in determining the payment amount at maturity of insurance, namely: the contract value (valued contract) and Indemnity contract (contract of indemnity). The contract value is an agreement whereby the amount of payment has been determined in advance. For example, the value of Sum Assured (UP) on life insurance. Indemnity contracts are agreements in which the number santunannya based on the amount of actual financial loss. For example, the cost of hospital care.
In the case of insurance companies try to reduce any possible losses of fatal / major, it can shift the risk to other insurance companies. This is called reinsurance, reinsurance companies that accept named reinsurers.
The primary function of insurance is as a mechanism to transfer risk (risk-transfer mechanism), which shift the risk from one side (the insured) to another party (the insurer). Transfer of risk is by no means eliminates the possibility of misfortune, but the insurer to provide financial security (the financial security) and tranquility (peace of mind) for the insured. In return, the insured pays a premium in a very small number when compared with potential losses that may be suffered (Morton: 1999).
Basically, the insurance policy is a contract that is a legal agreement between the insurer (in this case the insurance company) with the insured, whereby the insurer willing to cover some losses that may arise in the future in return for payment (premium), some of the insured.
According to Law No. 2 Year 1992, which referred to insurance or coverage is an agreement between two parties or more, by which the parties committed themselves to the insurer the insured, by accepting the insurance premiums to provide reimbursement to the insured for losses, damages or lost profits that are expected, or legal liability to third parties that may be suffered by the insured, arising out of an uncertain event, or to provide a payment based on a person dies or lives insured.
In order for a loss of potential (which may occur) can be covered by insurance (insurable) it must have the following characteristics: 1) the loss of uncertainty, 2) losses should be limited, 3) the loss must be significant, 4) the ratio of losses can be unpredictable and 5) the loss is not catastrophic (disaster) for the insurer.
The question arises; death is definitely something, why be insured? Although it is something that contains a certainty, but at what precise moment when the death of a person outside the control of the TSB. So the time of the death scene that really contain the uncertainty is what causes it insurable.
There are two forms of agreement in determining the payment amount at maturity of insurance, namely: the contract value (valued contract) and Indemnity contract (contract of indemnity). The contract value is an agreement whereby the amount of payment has been determined in advance. For example, the value of Sum Assured (UP) on life insurance. Indemnity contracts are agreements in which the number santunannya based on the amount of actual financial loss. For example, the cost of hospital care.
In the case of insurance companies try to reduce any possible losses of fatal / major, it can shift the risk to other insurance companies. This is called reinsurance, reinsurance companies that accept named reinsurers.
Label:
insurance,
life,
risk,
Understanding Insurance
Basic Insurance
Motorcycle Insurance, Why is my basic?
As everyone knows, a vehicle driving without insurance, boiler and can mobilize heavy penalties if caught us. When an application or cancel your insurance motorcycle, to authorities in Houston about the changes and the required notifications to be informed. motorcycle insurance quote
If the authorities that you have no insurance or if you have terminated know, you may need to pay a contractual fine address, the license will be canceled. Otherwise, it is always in your favor of the insurance for your needs on how to get in the event of accident or theft, you still have insurance, motorcycle insurance, offers Houston.
motorcycle insurance quote plans
The best type of insurance, comprehensive coverage of what you pay for the repair if you bike and crashes, and also saves against theft or disasters such as fires or tornadoes. If you have collision coverage for any repair of motorcycles, if it is damaged in an accident involving another vehicle. The cover is the liability for personal injury usually necessary for those who want to make a passenger on a motorcycle.
Medical payments and other compensation
Texas law requires motorcycle insurance quote different kind of responsibility for all medical costs per passenger that count. If you ignore this, you can, and face the charges against liability for injuries. Coverage covers medical costs if the payment option that the driver of another vehicle and are not to blame for their medical expenses policy. Covers insured motorist coverage damage if the bike by a driver whose insurance covers all damages made to your vehicle. Coverage covers the basic causes of accidents, damage, liability shall take-over the other party at fault.motorcycle insurance company
Therefore, it is always wise to have auto insurance in Houston. To select, can any of the above plans and be safe, security for the rest of his life.
Understanding Insurance when viewed from a legal perspective is:
"Insurance or insurance is an agreement between two (2) or more parties where the insured person binds himself to the insurer, to accept insurance premiums to provide reimbursement to the insured for loss, damage or loss of profits that are expected or legal liability to third parties which may be in pain because of an event which the insured is not certain, or to provide payment for a person who dies or lives in pertanggungkan. "
Principle - Basic Principles of Insurance
There are several basic principles are very important insurance that should be filled either by the insured or the insurer to the contract / agreement applicable insurance (not canceled).
The principal prinsip2 Insurance is as follows:
* The principle of good faith (Utmost Good Faith)
* The principle of interest that can in Insure (Insurable Interest)
* Principle of Indemnity (Indemnity)
* The principle of Subrogation (Subrogation)
* Principle of Contribution (Contribution)
* Principle of Cause and Effect (Proximate Cause)
As everyone knows, a vehicle driving without insurance, boiler and can mobilize heavy penalties if caught us. When an application or cancel your insurance motorcycle, to authorities in Houston about the changes and the required notifications to be informed. motorcycle insurance quote
If the authorities that you have no insurance or if you have terminated know, you may need to pay a contractual fine address, the license will be canceled. Otherwise, it is always in your favor of the insurance for your needs on how to get in the event of accident or theft, you still have insurance, motorcycle insurance, offers Houston.
motorcycle insurance quote plans
The best type of insurance, comprehensive coverage of what you pay for the repair if you bike and crashes, and also saves against theft or disasters such as fires or tornadoes. If you have collision coverage for any repair of motorcycles, if it is damaged in an accident involving another vehicle. The cover is the liability for personal injury usually necessary for those who want to make a passenger on a motorcycle.
Medical payments and other compensation
Texas law requires motorcycle insurance quote different kind of responsibility for all medical costs per passenger that count. If you ignore this, you can, and face the charges against liability for injuries. Coverage covers medical costs if the payment option that the driver of another vehicle and are not to blame for their medical expenses policy. Covers insured motorist coverage damage if the bike by a driver whose insurance covers all damages made to your vehicle. Coverage covers the basic causes of accidents, damage, liability shall take-over the other party at fault.motorcycle insurance company
Therefore, it is always wise to have auto insurance in Houston. To select, can any of the above plans and be safe, security for the rest of his life.
Understanding Insurance when viewed from a legal perspective is:
"Insurance or insurance is an agreement between two (2) or more parties where the insured person binds himself to the insurer, to accept insurance premiums to provide reimbursement to the insured for loss, damage or loss of profits that are expected or legal liability to third parties which may be in pain because of an event which the insured is not certain, or to provide payment for a person who dies or lives in pertanggungkan. "
Principle - Basic Principles of Insurance
There are several basic principles are very important insurance that should be filled either by the insured or the insurer to the contract / agreement applicable insurance (not canceled).
The principal prinsip2 Insurance is as follows:
* The principle of good faith (Utmost Good Faith)
* The principle of interest that can in Insure (Insurable Interest)
* Principle of Indemnity (Indemnity)
* The principle of Subrogation (Subrogation)
* Principle of Contribution (Contribution)
* Principle of Cause and Effect (Proximate Cause)