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UNDERWRITING IS THE PROCESS WHEREBY RISKS ARE ACCEPTED OR REJECTED. DISCUSS
This essay has discussed on underwriting which is a process whereby risks are assessed. it has outlined the roles of underwriting, basic principles, classes of insurances e.t.c
Parametri
linguaggio | | inglese |
numero di parole | | 2086 (ca. 5.5 pagine) |
qualità del contenuto | | N/A |
livello di linguaggio | | N/A |
prezzo | | gratis |
bibliografia | | 3 |
Sommario
1.0 INTRODUCTION 1
1.1 ROLES OF UNDERWRITING 2
1.2 THE PROPOSAL FORM 2
1.3 BASIC PRINCIPLES OF UNDERTAKING AND MAIN CLASSES OF INSURANCE3
Personal Insurance 3
Life Assurance 3
Commercial insurance 4
The cover note 4
Insurance certificates 4
1.4 THE POLICY SCHEDULE / DOCUMENT 5
1.5 POLICY CLAUSES AND ENDORSEMENT 5
1.6 THE CLAIM 5
Claims procedure 6
Claim processing 6
Claim settlements 7
1.7 METHODS OF SETTLEMENT 7
Dispute settlement 8
Methods of dispute settlement 8
References 8
Anteprima della tesi: UNDERWRITING IS THE PROCESS WHEREBY RISKS ARE ACCEPTED OR REJECTED. DISCUSS
Underwriting – This is the most important link in the chain between the initial receipt of the proposal and the subsequent issue of the policy.
- Not every proposal is accepted by the insurer and not all proposals accepted have the same terms and premiums
- Underwriting deals with the identification of the risk brought forth and the management of the pools of money brought fourth by clients.
- The underwriter – This is a person who is required / manages the pool of money contributed by clients as effectively and profitably as possible for this he has the following roles to
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... arbitrator Judgment isn’t final and incase or disagreement the case shall be referred to the legal courts for determination.
iii. The Ombudsman Bureau - This institutions deals with major insurance disputes i.e in some countries like U.K.
- It only deals with personal insurances not Business Insurances and resolves disputes concerning policy term, amount payable and delays in settlement.
- The diamonds can only refer their cases to this Bureau only if the insurer is a member.
Tesi presente nelle categorie
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Studi Finanziari
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Assicurazione
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Studi Economici
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Amministrazione
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Gestione del rischio
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Commenti
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