The basic concepts of the general conditions of insurance

 

Insured - a natural or legal person, paying cash contributions and entitled by law or by contract to receive a sum of money when the insured event. The policyholder has an insurable interest in specific. Through an insurable interest implemented specific relationship entered into by the policyholder with the insurer.
Insurer - an organization (legal entity), resulting in insurance, assumes the obligation to indemnify or pay the sum insured, as well as in charge of the establishment and expenditure of the insurance fund. In international insurance practice to refer to the insurer also uses the term underwriter.
Insured - an individual life, health and disability insurance which are the subject of protection. The insured is a natural person in whose favor the insurance agreement.
Insurable interest - a measure of the material interest of the person or entity in insurance. Bearers of insurable interest are the insurers and the insured. With respect to any other insurance available insurance interest is expressed in the value of the insured property.
Insurance amount - the amount by which the insured wealth, life, health and ability to work.
The object of insurance - life, health, disabled citizens - in personal insurance; building, construction vehicles, household goods and other tangible assets - property insurance.
Insurance liability - the insurer's obligation to pay the sum insured or the insurance indemnity. Established by law or contract of insurance. There are restrictions and extended (all-risk) insurance liability. Limited liability insurance offers a narrow and specific list of insurance risks, ie dangers upon the occurrence of which the payment is made. Extended liability insurance provides the insurer's obligation to make payment upon the occurrence of any of the insurance risk, except as specifically provided in advance by law or contract of insurance.
Insurance policy - a standard document issued by the insurer to the insurer (the insured). Certifies the conclusion of the insurance contract contains all the terms.
Insurance Assessment - evaluation criteria of the insurance risk.
Characterized by a system of monetary gauges object of insurance is closely linked to the probability of the insured event. As an insurance estimates can be used the actual value of the property or of any other criterion (stated value, cost, and so on. D.). In international practice, instead of the term "insurance score" uses the term insurance cost.
Insurance coverage - insurance valuation levels relative to the value of the property, adopted for the purpose of insurance.
In the organization of insurance coverage distinguished system of proportional liability and limit the risk of the system first.
Insurance rate or gross rate - normalized with respect to the sum insured amount of insurance payments. According to the economic content of the price of the insurance risk. Defined in absolute monetary terms, as a percentage or ppm of the sum insured in advance due to the time interval (term insurance). In determining the insurance rate can be taken into account other criteria (risky circumstances), such as reliability, durability, fire resistance, etc. Elements of the insurance tariff are net rate and the load.
The net rate reflects the cost of the insurer for the payment of the insurance fund.
Load - the cost of doing business, ie, connected with the organization of insurance and laying rate of return.
Insurance premium - paid insurable interest; payment of insurance risk in cash. The policyholder pays the insurance premium and the insurer is making under the law or the insurance contract. According to the economic content of the insurance premium is the sum of the price of the insurance risk and the insurer's expenses related to covering the costs of the insurance. Insurance premium is determined based on the insurance rate. Submitted by the insured lump sum upfront when joining the insurance relationship or in part (for example, monthly, quarterly) for the duration of insurance. The insurance premium is reflected in the insurance policy. The volume of insurance premiums of all insurers operating -one of the most important indicators of the insurance risk.
Insurance period - the time period during which the insured objects of insurance. It may vary from a few days to as long as one party relationship will not give up their further continuation of advance notice to the other party of its intention to