This document outlines several key principles of insurance:
1) Utmost good faith requires full disclosure from insured parties and makes contracts void if facts are omitted or misrepresented.
2) Insurable interest requires that insured parties have a financial stake in the insured object/party.
3) Indemnity provides compensation proportional to actual losses up to the insured amount, but not for profiting from insurance.
Hi guys! I have uploaded the power point presentation for Principles of Insurance, If any one has queries in regards to this topic, you can comment below,
Thanks!
Sanmeet.
Hi guys! I have uploaded the power point presentation for Principles of Insurance, If any one has queries in regards to this topic, you can comment below,
Thanks!
Sanmeet.
Requirement of insurable interest for life insurance SharfaKhan1
The ppt aims to showcase the essentiality of a claim having a vested insurable interest and the features of insurable interest and the case laws relating to the same.
Requirement of insurable interest for life insurance SharfaKhan1
The ppt aims to showcase the essentiality of a claim having a vested insurable interest and the features of insurable interest and the case laws relating to the same.
Definition and basic characteristics of insurance. Requirements of an insurable risk. Types of insurance. Benefits and Costs of insurance to society. Fundamental legal principles of insurance. Functions of insurer. IRDA and recent trends in insurance sector in India.
Insurance law is the practice of law surrounding insurance, including insurance policies and claims. It can be broadly broken into three categories - regulation of the business of insurance; regulation of the content of insurance policies, especially with regard to consumer policies; and regulation of claim handling.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
2. Principals of insurance
Utmost good faith: Principle of Uberrimae fidei (a Latin phrase), or in simple
english words, the Principle of Utmost Good Faith, is a very basic and first
primary principle of insurance. According to this principle, the insurance
contract must be signed by both parties (i.e insurer and insured) in an
absolute good faith or belief or trust.
The person getting insured must willingly disclose and surrender to the
insurer his complete true information regarding the subject matter of insurance.
The insurer's liability gets void (i.e legally revoked or cancelled) if any facts,
about the subject matter of insurance are either omitted, hidden, falsified or
presented in a wrong manner by the insured.
3. Principal of insurable interest: The principle of insurable interest states
that the person getting insured must have insurable interest in the object of
insurance. A person has an insurable interest when the physical existence of
the insured object gives him some gain but its non-existence will give him a
loss. In simple words, the insured person must suffer some financial loss by
the damage of the insured object.
For example :- The owner of a taxicab has insurable interest in the
taxicab because he is getting income from it. But, if he sells it, he will not
have an insurable interest left in that taxicab.
From above example, we can conclude that, ownership plays a very crucial
role in evaluating insurable interest. Every person has an insurable interest
in his own life. A merchant has insurable interest in his business of trading.
Similarly, a creditor has insurable interest in his debtor.
4. Principal of indemnity: According to the principle of indemnity, an
insurance contract is signed only for getting protection against unpredicted
financial losses arising due to future uncertainties. Insurance contract is not
made for making profit else its sole purpose is to give compensation in case
of any damage or loss.
In an insurance contract, the amount of compensations paid is in
proportion to the incurred losses. The amount of compensations is limited to
the amount assured or the actual losses, whichever is less. The compensation
must not be less or more than the actual damage. Compensation is not paid if
the specified loss does not happen due to a particular reason during a specific
time period. Thus, insurance is only for giving protection against losses and not
for making profit.
5. Principal of contribution: Principle of Contribution is a corollary of the
principle of indemnity. It applies to all contracts of indemnity, if the insured
has taken out more than one policy on the same subject matter. According
to this principle, the insured can claim the compensation only to the extent
of actual loss either from all insurers or from any one insurer. If one insurer
pays full compensation then that insurer can claim proportionate claim from
the other insurers.
For example :- Mr. John insures his property worth $ 100,000 with two
insurers "AIG Ltd." for $ 90,000 and "MetLife Ltd." for $ 60,000. John's actual
property destroyed is worth $ 60,000, then Mr. John can claim the full loss
of $ 60,000 either from AIG Ltd. or MetLife Ltd., or he can claim $ 36,000
from AIG Ltd. and $ 24,000 from Metlife Ltd.
6. Cont…
So, if the insured claims full amount of compensation from one insurer then
he cannot claim the same compensation from other insurer and make a
profit. Secondly, if one insurance company pays the full compensation then
it can recover the proportionate contribution from the other insurance
company.
7. Principal of subrogation: (Subrogation means substituting one creditor for
another.) According to the principle of subrogation, when the insured is
compensated for the losses due to damage to his insured property, then the
ownership right of such property shifts to the insurer.
This principle is applicable only when the damaged property has any value
after the event causing the damage. The insurer can benefit out of
subrogation rights only to the extent of the amount he has paid to the
insured as compensation.
8. Cont….
For example :- Mr. John insures his house for $ 1 million. The house is totally
destroyed by the negligence of his neighbour Mr.Tom. The insurance
company shall settle the claim of Mr. John for $ 1 million. At the same
time, it can file a law suit against Mr.Tom for $ 1.2 million, the market value
of the house. If insurance company wins the case and collects $ 1.2 million
from Mr. Tom, then the insurance company will retain $ 1 million (which it
has already paid to Mr. John) plus other expenses such as court fees. The
balance amount, if any will be given to Mr. John, the insured.
9. Principal of loss of minimization: According to the Principle of Loss
Minimization, insured must always try his level best to minimize the loss of
his insured property, in case of uncertain events like a fire outbreak or blast,
etc. The insured must take all possible measures and necessary steps to
control and reduce the losses in such a scenario. The insured must not
neglect and behave irresponsibly during such events just because the
property is insured. Hence it is a responsibility of the insured to protect his
insured property and avoid further losses.
For example :- Assume, Mr. John's house is set on fire due to an electric
short-circuit. In this tragic scenario, Mr. John must try his level best to stop
fire by all possible means, like first calling nearest fire department office,
asking neighbours for emergency fire extinguishers, etc. He must not remain
inactive and watch his house burning hoping, "Why should I worry? I've
insured my house."
10. Principal of causa proxima: Principle of Causa Proxima (a Latin phrase), or in
simple english words, the Principle of Proximate (i.e Nearest) Cause, means
when a loss is caused by more than one causes, the proximate or the
nearest or the closest cause should be taken into consideration to decide
the liability of the insurer.
The principle states that to find out whether the insurer is liable for the loss
or not, the proximate (closest) .
For example :- A cargo ship's base was punctured due to rats and so sea
water entered and cargo was damaged. Here there are two causes for the
damage of the cargo ship - (i) The cargo ship getting punctured beacuse of
rats, and (ii) The sea water entering ship through puncture. The risk of sea
water is insured but the first cause is not. The nearest cause of damage is
sea water which is insured and therefore the insurer must pay the
compensation (in life insurance it does not apply).