Q2 what is the importance of the insurance activity?
The importance of insurance activity can be summarized as follows:
1. the principle of cooperation between a group of individuals exposed to the same risk and secure their future participation in shouldering the risks to which they are exposed.
2. insurance helps to maintain the wealth of facilities for the outputs of the threats to these riches such as fire – theft.......
3. conserve energy productivity
4. creating and expanding credit through loans to ensure other assurances documents which contribute to the economic growth of enterprises.
Q3 what are the characteristics of the insurance activity?
1. based on the principle of cooperation.
2. the insurance activity of a contractual link between the believer and the guardian
3. the insurance activity is based on the aggregate savings of unsuspecting in the various branches of insurance in the form of instalments.
4. insurance activity features multiple branches of activity.
5. contracts (documents) insurance coverage for several financial periods and the difficulty of determining the outcome of the activity.
Q4: what are the types of insurance?
There are several divisions of insurance
First: in terms of the basic Division is divided into:-
-Private insurance
-Social insurance
Secondly: in terms of the practical division of insurance is divided into:-
-Insurance of persons
-General insurance.
Q5 What is insurance?
Is the insurance contract for the benefit of the person personally in the same insurance risk.
Q6 what are the characteristics of private insurance? Featuring the following property insurance.
1. voluntary insurance was due to the desire of the same beneficiary.
2. who pays the premium in full.
3. this type of insurance is subject to the supervision of the Government.
Q7 What is the social insurance?
Intended to provide individuals (who are dependent on work) against risks that may prevent them from performing that work, such as disease disability-or old age, death and unemployment.
Q8 what are the characteristics of the social insurance?
Social insurance features:-
1. the basic proposal for this type of insurance is social solidarity.
2. compulsory insurance imposed by the State is not optional
3. who pays part of the premium and the State or employer part II.
Q9 what types of insurance of persons?
The insurance is divided into:
-Life insurance Life Insurance
-Personal accident insurance.
Q10 what kinds of reinsurance operations?
Reinsurance operations can be divided into three main types.
A. compulsory reinsurance operations
B. Optional reinsurance operations.
C-reinsurance operations.
Q11 what are the elements of income earned by insurance companies?
The insurance company's income consists of
-Premium
-Reinsurance Commission of
-Net income from investments-other income.
Q12 what is the insurance premium?
The premium is the main source of income is the amount owed on a guardian under the insurance contract concluded between the parties and is committed to a believer for access or access by beneficiaries to the sum insured in the event of risk insured.
Q13 what months notification types and any type of insurance covered by?
* Accident risk and covered by personal accident insurance
* Notify caper, ageing and covered by pension insurance
* Notification of disease and covered by health insurance
* Notification of death and covered by life insurance
* Fire and covered by fire insurance
* Notification of aircraft accidents and covered by insurance of aircraft
* Notification of theft and covered by insurance against theft and robbery
* Notify drownings and covered by marine insurance
* Natural disasters covered by insurance against earthquakes and hurricanes
* Notification of loss and loss of profits and covered by insurance profits
* Notify stop working and covered by the lock stop working
* Public liability and risk covered by civil liability insurance and private business owners, cars, ships and other
Q14 what types of marine insurance documents?
Generally be two sections (open or closed)
(1) specific trip insurance policies and specific risk to begin the journey to reach the port of destination safely and securely.
(2) fixed-term insurance, term must have minimum of one year and are the most common.
(3) cargo insurance against fire and assault and dumping at sea and hold authoritarian, disasters, damage and there are some exceptions for some species that have not been covered by such documents, mostly food.
(4) insurance of the vessel or her body and its organs and sinking and furnished the dangers of piracy and banditry and attacks on warships, fires and stop an authoritarian and betrayed the crew and general damage as accidents and collisions and other
