The true functions of fire insurance is to equalize heavy fire losses of a few individuals by distributing them over a large number of...
IMPORTANCE/ ADVANTAGES OF INSURANCE
The importance of insurance cannot be neglected in the presents day when uncertainty is prevailing every where. In the words of Di...
GENERAL PRINCIPLES OR ESSENTIALS OF INSURANCE CONTRACT
:A contract of insurance is a legal agreement between two or more parties and has to comply with the provisions of the Indian Contract ...
HISTORY OF LIFE INSURANCE
(1) EARLY DEVELOPMENTS: The early development of life insurance closely linked with that of marine insurance. The first life insurers ...
RATE FIXATION IN FIRE INSURANCE
The term Rate Fixation refers to determination of an appropriate premiums rate for different risks. The rate fixation in fire insurance...
FACTORS TO BE CONSIDERED FOR RATING
The following factors are generally taken in to a account while determining the rating of vessels and cargo: (A) RATING UNDER HULL INSU...
SETTLEMENT OF CLAIMS AND INSURANCE
Settlement of the claims is the culmination of a contract of life insurance . It will not be an exaggeration to say that the image of a...
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