Insurance provides certainty of payment for uncertainties and has evolved to safeguard people's interests. It benefits individuals by providing security, peace of mind, and protecting mortgaged property. Insurance also encourages saving and investment. For businesses, insurance reduces uncertainty of losses and increases efficiency while enhancing credit and allowing continuation. Society benefits from insurance through protected wealth, economic growth, and reduced inflation.
Day 3 Peter Gross - MicroEnsure - Social Media for DevelopmentAdrian Hall
This document discusses mobile financial services, particularly mobile insurance in Africa. It notes that mobile technology has enabled widespread access to financial services across Africa by overcoming infrastructure barriers. Mobile insurance models discussed include traditional insurance through mobile money platforms, loyalty-based "freemium" models where basic coverage is free, and using mobile phones for health monitoring and risk management tools. However, mobile insurance also faces challenges in demonstrating clear value and avoiding failures that undermine trust in the market. Examples from Zimbabwe and Nigeria show how social media can amplify problems, but "freemium" models that provide free basic coverage with options to pay small fees for expanded benefits have helped many Africans gain access to insurance for the first time. The conclusion emphasizes the
Afghanistan would benefit greatly from establishing a Takaful (Islamic insurance) company. A Takaful company could support Afghanistan's reconstruction efforts, help stabilize the economy, assist people during hardships, and promote growth of the financial sector. As the population is nearly 99% Muslim, Takaful is the Shariah-compliant alternative to conventional insurance. It would allow risk-sharing through participants' contributions to a common fund. This could provide guarantees, compensation for losses, and encourage more lending at a larger scale. A Takaful company would fill important needs as Afghanistan rebuilds its healthcare system and addresses issues like high infant mortality rates.
Try this site where you can compare quotes from different companies: WWW.ANNUITY-HELP.US
Are fixed annuities safe?
how likely is it that the insurance co. that issues annuity will go broke?
Insurance provides certainty of payment for uncertainties and has evolved to safeguard people's interests. It benefits individuals by providing security, peace of mind, and protecting mortgaged property. Insurance also encourages saving and investment. For businesses, insurance reduces uncertainty of losses and increases efficiency while enhancing credit and allowing continuation. Society benefits from insurance through protected wealth, economic growth, and reduced inflation.
Day 3 Peter Gross - MicroEnsure - Social Media for DevelopmentAdrian Hall
This document discusses mobile financial services, particularly mobile insurance in Africa. It notes that mobile technology has enabled widespread access to financial services across Africa by overcoming infrastructure barriers. Mobile insurance models discussed include traditional insurance through mobile money platforms, loyalty-based "freemium" models where basic coverage is free, and using mobile phones for health monitoring and risk management tools. However, mobile insurance also faces challenges in demonstrating clear value and avoiding failures that undermine trust in the market. Examples from Zimbabwe and Nigeria show how social media can amplify problems, but "freemium" models that provide free basic coverage with options to pay small fees for expanded benefits have helped many Africans gain access to insurance for the first time. The conclusion emphasizes the
Afghanistan would benefit greatly from establishing a Takaful (Islamic insurance) company. A Takaful company could support Afghanistan's reconstruction efforts, help stabilize the economy, assist people during hardships, and promote growth of the financial sector. As the population is nearly 99% Muslim, Takaful is the Shariah-compliant alternative to conventional insurance. It would allow risk-sharing through participants' contributions to a common fund. This could provide guarantees, compensation for losses, and encourage more lending at a larger scale. A Takaful company would fill important needs as Afghanistan rebuilds its healthcare system and addresses issues like high infant mortality rates.
Try this site where you can compare quotes from different companies: WWW.ANNUITY-HELP.US
Are fixed annuities safe?
how likely is it that the insurance co. that issues annuity will go broke?
"Papa washing the dishes"
Original Pen and Ink Drawing by Rufran C. Frago (110186)
Original Poem by Rufran C. Frago in celebration of Papa's BD.
Our wish, Safety and Good Health always.
God bless.
I created the poem while also standing on my dear wife's shoes. Then reflection comes...
RCF
La esporotricosis es una micosis subcutánea granulomatosa causada por el hongo dimorfo Sporothrix spp. Se transmite a través de vegetales, animales o suelo contaminado y causa nódulos o gomas que siguen la trayectoria de los vasos linfáticos. Los síntomas incluyen lesiones cutáneas como chancros, placas o gomas que pueden diseminarse. El diagnóstico se realiza mediante biopsia, cultivo o pruebas serológicas e histopatológicamente se observan lev
The document contains the resume of Saleh Ahmed Saleh Seif, a 31-year-old Egyptian civil engineer with over 10 years of experience working on structural engineering projects in Saudi Arabia and Libya, most recently as a senior site engineer on expansion projects at the Prophet's Mosque in Medina and the Holy Haram expansion in Mecca from 2010 to the present. The resume lists his educational background, skills, work history, roles and responsibilities, and qualifications.
Don’t wait for anybody else’s pain, to ask for apologies...nor separation, to make it up.Because you don’t know how long it will take or you will ever get a chance to do so....
Industrial Design and Innovation Consultancy.
We believe that there is no more representative element for the brand than the product itself. Therefore we provide product innovation by bridging the gap between design and manufacturing knowledge; providing efficient, iconic, feasible, long lasting solutions that pay back inversion to our client.
This resume is for Angela Maldonado who graduated from CU Boulder in 2019 with a degree in Business Management and a GPA of 3.45. She has experience working as a sales representative at Boost Mobile where she was top two in sales and helped customers while answering phones. Angela also completed a 60-hour internship in entrepreneurial finance where she developed small business skills. Her skills include being bilingual in Spanish, typing 60 words per minute on a computer, and having strong customer service and sales abilities through remaining patient, calm and organized.
Benavides, E., Lizarazo, A.P. & Villamil, L.C. (2015). Mastitis bovina. Nuevos abordajes para un viejo problema. XIII Encuentro Nacional y VI Internacional de Investigadores de las Ciencias Pecuarias. Medellín, Octubre de 2015.
El documento trata sobre la rabia, una enfermedad viral mortal transmitida principalmente por la mordedura de animales infectados. Explica que el virus se transmite a través de la saliva y se replica en los músculos y sistema nervioso, pudiendo causar la muerte si no se trata. Además, detalla las medidas para prevenir y tratar la rabia, incluyendo la vacunación de animales, la profilaxis pre y postexposición en humanos, y el tratamiento con vacuna e inmunoglobulina tras una exposición de riesgo.
A empresa de tecnologia anunciou um novo smartphone com câmera aprimorada, maior tela e bateria de longa duração. O dispositivo também possui um processador mais rápido e armazenamento expansível. O novo telefone será lançado em outubro por um preço inicial de US$799.
The passage provides details about the history and development of the life insurance sector in India, including the following key points:
- The life insurance sector was initially dominated by private players until it was nationalized in 1956 with the formation of LIC.
- The sector was reopened to private players in 2000 with the establishment of IRDA to regulate the industry and the issuance of licenses to several private insurers.
- Major private insurers that entered the market include HDFC Life, Max Life, ICICI Prudential, Bajaj Allianz, among others, many of which formed through joint ventures with foreign partners.
This document provides a summary of a student project on perceptions of investors investing in life insurance. It includes an introduction to concepts like insurance, the history and overview of the insurance industry in India. It discusses life insurance provider LIC and its products. The objectives of the study are to examine customer awareness, satisfaction, expectations, needs regarding benefits of life insurance, and compare LIC to competitors. The methodology will involve a survey to collect primary data to analyze perceptions.
Unclaimed money from lapsed insurance policies amounts to billions of rupees in India. Insurance companies benefit when policyholders allow their term life or whole life policies to lapse by collecting premiums for years but never having to pay out claims. To help ensure policyholders receive money due to them, the Insurance Regulatory and Development Authority of India (IRDAI) now requires insurance companies to disclose unclaimed amounts over Rs. 1,000 on their websites semiannually, with the total unclaimed exceeding Rs. 110 billion as of June 30, with over half of that belonging to LIC.
This document discusses reinsurance contracts that life insurance companies can use to mitigate risk. It describes different types of reinsurance contracts, including quota share reinsurance where claims are shared proportionally, and surplus reinsurance where the reinsurer pays claims above an agreed amount. The document also discusses how reinsurance allows insurers to comply with solvency regulations by reducing risk exposure, and how diversifying reinsurance among multiple companies can help mitigate the risk of a single reinsurer defaulting, though reinsurers still face common risks.
This document discusses the importance of life insurance. It provides 7 key reasons for its importance: 1) It provides safety and security for families by providing financial support in the event of death, 2) It generates financial resources by collecting premiums that are invested, 3) It encourages savings through regular premium payments, 4) It spreads risk from the insured to the insurer across a large number of people, 5) It provides medical support through medical insurance policies, 6) It promotes economic growth by mobilizing savings and enabling investments, 7) It serves as an important source of capital formation by collecting large funds. In conclusion, life insurance is emphasized as an important protection instrument for families rather than an investment product.
Insurance is a mechanism for mitigating risk whereby individuals and entities protect themselves from financial loss by transferring their risks to an insurance company in exchange for a fee called a premium. It involves spreading risk among many individuals or entities to help offset the cost of unexpected losses or disasters. The key parties involved are the insured or assured who takes out the policy, the insurer or assurer who underwrites the risk, and the subject matter which is being insured such as a person's life or property.
Welcome to the global business guide. In this context, we will be taking about the insurance industry, the general definition of insurance, adequate and
Article Source: http://EzineArticles.com/4962985
This document appears to be a student project report analyzing the ratio analysis of LIC and ICICI Prudential Life Insurance companies. It includes sections on introduction to life insurance, unit linked insurance plans of ICICI Prudential, objectives of the study, contents table, and chapters on the companies, ratio analysis, calculations of ratios, and conclusion. The objective of the study is to analyze the growth, penetration, and returns of ICICI Prudential compared to its competitors over a 10 year period from 2000-2001 to 2009-2010.
As part of the global agenda of insuring for sustainable development, the Impact Insurance Facility (www.impactinsurance.org) and the PSI Initiative (www.unepfi.org/psi) are organizing a webinar series with the theme, “Making inclusive insurance work”. The fourth webinar had the topic "SMEs and value chains" and was held on 16 March 2017.
Speakers: Jeremy Gray (Cenfri) and Nick Smith (AXA). Moderator: Alice Merry (ILO's Impact Insurance Facility).
1. Insurance provides certainty by removing uncertainties around whether a loss will occur, when it will occur, and how large the loss will be. It guarantees payment for losses.
2. Insurance provides protection by guaranteeing payment for losses, protecting policyholders from suffering financially due to risks covered by their policies.
3. Risk is shared collectively among all policyholders through insurance premiums paid, so that the cost of risks is distributed and no single person bears the full financial burden if a loss occurs.
Sbi life insurance distributuion channelsahilmonga001
This document provides a summary of a summer internship report on the hybrid distribution model of SBI Life Insurance. It includes an introduction to insurance concepts and the meaning of insurance. It then provides details about SBI Life Insurance, including that it is a joint venture between State Bank of India and Cardif SA of France. Tables and figures are included to illustrate distribution channels, market shares, and other analytical concepts discussed in the report.
"Papa washing the dishes"
Original Pen and Ink Drawing by Rufran C. Frago (110186)
Original Poem by Rufran C. Frago in celebration of Papa's BD.
Our wish, Safety and Good Health always.
God bless.
I created the poem while also standing on my dear wife's shoes. Then reflection comes...
RCF
La esporotricosis es una micosis subcutánea granulomatosa causada por el hongo dimorfo Sporothrix spp. Se transmite a través de vegetales, animales o suelo contaminado y causa nódulos o gomas que siguen la trayectoria de los vasos linfáticos. Los síntomas incluyen lesiones cutáneas como chancros, placas o gomas que pueden diseminarse. El diagnóstico se realiza mediante biopsia, cultivo o pruebas serológicas e histopatológicamente se observan lev
The document contains the resume of Saleh Ahmed Saleh Seif, a 31-year-old Egyptian civil engineer with over 10 years of experience working on structural engineering projects in Saudi Arabia and Libya, most recently as a senior site engineer on expansion projects at the Prophet's Mosque in Medina and the Holy Haram expansion in Mecca from 2010 to the present. The resume lists his educational background, skills, work history, roles and responsibilities, and qualifications.
Don’t wait for anybody else’s pain, to ask for apologies...nor separation, to make it up.Because you don’t know how long it will take or you will ever get a chance to do so....
Industrial Design and Innovation Consultancy.
We believe that there is no more representative element for the brand than the product itself. Therefore we provide product innovation by bridging the gap between design and manufacturing knowledge; providing efficient, iconic, feasible, long lasting solutions that pay back inversion to our client.
This resume is for Angela Maldonado who graduated from CU Boulder in 2019 with a degree in Business Management and a GPA of 3.45. She has experience working as a sales representative at Boost Mobile where she was top two in sales and helped customers while answering phones. Angela also completed a 60-hour internship in entrepreneurial finance where she developed small business skills. Her skills include being bilingual in Spanish, typing 60 words per minute on a computer, and having strong customer service and sales abilities through remaining patient, calm and organized.
Benavides, E., Lizarazo, A.P. & Villamil, L.C. (2015). Mastitis bovina. Nuevos abordajes para un viejo problema. XIII Encuentro Nacional y VI Internacional de Investigadores de las Ciencias Pecuarias. Medellín, Octubre de 2015.
El documento trata sobre la rabia, una enfermedad viral mortal transmitida principalmente por la mordedura de animales infectados. Explica que el virus se transmite a través de la saliva y se replica en los músculos y sistema nervioso, pudiendo causar la muerte si no se trata. Además, detalla las medidas para prevenir y tratar la rabia, incluyendo la vacunación de animales, la profilaxis pre y postexposición en humanos, y el tratamiento con vacuna e inmunoglobulina tras una exposición de riesgo.
A empresa de tecnologia anunciou um novo smartphone com câmera aprimorada, maior tela e bateria de longa duração. O dispositivo também possui um processador mais rápido e armazenamento expansível. O novo telefone será lançado em outubro por um preço inicial de US$799.
The passage provides details about the history and development of the life insurance sector in India, including the following key points:
- The life insurance sector was initially dominated by private players until it was nationalized in 1956 with the formation of LIC.
- The sector was reopened to private players in 2000 with the establishment of IRDA to regulate the industry and the issuance of licenses to several private insurers.
- Major private insurers that entered the market include HDFC Life, Max Life, ICICI Prudential, Bajaj Allianz, among others, many of which formed through joint ventures with foreign partners.
This document provides a summary of a student project on perceptions of investors investing in life insurance. It includes an introduction to concepts like insurance, the history and overview of the insurance industry in India. It discusses life insurance provider LIC and its products. The objectives of the study are to examine customer awareness, satisfaction, expectations, needs regarding benefits of life insurance, and compare LIC to competitors. The methodology will involve a survey to collect primary data to analyze perceptions.
Unclaimed money from lapsed insurance policies amounts to billions of rupees in India. Insurance companies benefit when policyholders allow their term life or whole life policies to lapse by collecting premiums for years but never having to pay out claims. To help ensure policyholders receive money due to them, the Insurance Regulatory and Development Authority of India (IRDAI) now requires insurance companies to disclose unclaimed amounts over Rs. 1,000 on their websites semiannually, with the total unclaimed exceeding Rs. 110 billion as of June 30, with over half of that belonging to LIC.
This document discusses reinsurance contracts that life insurance companies can use to mitigate risk. It describes different types of reinsurance contracts, including quota share reinsurance where claims are shared proportionally, and surplus reinsurance where the reinsurer pays claims above an agreed amount. The document also discusses how reinsurance allows insurers to comply with solvency regulations by reducing risk exposure, and how diversifying reinsurance among multiple companies can help mitigate the risk of a single reinsurer defaulting, though reinsurers still face common risks.
This document discusses the importance of life insurance. It provides 7 key reasons for its importance: 1) It provides safety and security for families by providing financial support in the event of death, 2) It generates financial resources by collecting premiums that are invested, 3) It encourages savings through regular premium payments, 4) It spreads risk from the insured to the insurer across a large number of people, 5) It provides medical support through medical insurance policies, 6) It promotes economic growth by mobilizing savings and enabling investments, 7) It serves as an important source of capital formation by collecting large funds. In conclusion, life insurance is emphasized as an important protection instrument for families rather than an investment product.
Insurance is a mechanism for mitigating risk whereby individuals and entities protect themselves from financial loss by transferring their risks to an insurance company in exchange for a fee called a premium. It involves spreading risk among many individuals or entities to help offset the cost of unexpected losses or disasters. The key parties involved are the insured or assured who takes out the policy, the insurer or assurer who underwrites the risk, and the subject matter which is being insured such as a person's life or property.
Welcome to the global business guide. In this context, we will be taking about the insurance industry, the general definition of insurance, adequate and
Article Source: http://EzineArticles.com/4962985
This document appears to be a student project report analyzing the ratio analysis of LIC and ICICI Prudential Life Insurance companies. It includes sections on introduction to life insurance, unit linked insurance plans of ICICI Prudential, objectives of the study, contents table, and chapters on the companies, ratio analysis, calculations of ratios, and conclusion. The objective of the study is to analyze the growth, penetration, and returns of ICICI Prudential compared to its competitors over a 10 year period from 2000-2001 to 2009-2010.
As part of the global agenda of insuring for sustainable development, the Impact Insurance Facility (www.impactinsurance.org) and the PSI Initiative (www.unepfi.org/psi) are organizing a webinar series with the theme, “Making inclusive insurance work”. The fourth webinar had the topic "SMEs and value chains" and was held on 16 March 2017.
Speakers: Jeremy Gray (Cenfri) and Nick Smith (AXA). Moderator: Alice Merry (ILO's Impact Insurance Facility).
1. Insurance provides certainty by removing uncertainties around whether a loss will occur, when it will occur, and how large the loss will be. It guarantees payment for losses.
2. Insurance provides protection by guaranteeing payment for losses, protecting policyholders from suffering financially due to risks covered by their policies.
3. Risk is shared collectively among all policyholders through insurance premiums paid, so that the cost of risks is distributed and no single person bears the full financial burden if a loss occurs.
Sbi life insurance distributuion channelsahilmonga001
This document provides a summary of a summer internship report on the hybrid distribution model of SBI Life Insurance. It includes an introduction to insurance concepts and the meaning of insurance. It then provides details about SBI Life Insurance, including that it is a joint venture between State Bank of India and Cardif SA of France. Tables and figures are included to illustrate distribution channels, market shares, and other analytical concepts discussed in the report.
Social protection and the demand for private insurance in ghanaAlexander Decker
This document summarizes a research study on social protection and demand for private insurance in Ghana. The study examined the types of life insurance products offered by private insurers in Ghana and how well they meet customers' social security needs. It assessed customers' awareness and satisfaction with insurance products and the factors considered in product development. The main findings were that customers had some knowledge of products but could be more aware, and were satisfied with some insurer services. Insurers primarily considered customer attributes like age, risk level, health, and income when developing products. Customers saw positive impacts of insurance for death and retirement but not for working life.
Social protection and the demand for private insurance in ghanaAlexander Decker
This document summarizes a research study on the relationship between social protection and demand for private insurance in Ghana. The study examined life insurance products offered by private insurers in Ghana and customers' level of awareness and satisfaction. It found that customers had some knowledge of products but awareness could be improved. Customers were satisfied with some insurer services but less so during their working lives. Insurers considered factors like age, risk level, medical history, and income when developing products. Customers saw benefits of insurance for death and retirement but not as much during their working lives. The document provides background on social protection, types of life insurance, and the insurance industry in Ghana.
Life Insurance coverage (although it really should not be) is even today a really controversial concern. There appears to be a large amount of various kinds of life insurance available, but you will find really just two types.
A study on customer satisfaction of life insurance policiesAnnamumumu
This document provides an overview of life insurance in India. It discusses the history and development of life insurance in India from its origins in 1818 with the establishment of the first life insurance company in Calcutta. It describes how life insurance gradually expanded and how the Life Insurance Corporation of India was created in 1956 to further spread life insurance across the country, especially to rural areas. The document also discusses the concepts of insurance, types of life insurance policies, and provides statistics on LIC's growth and expansion over the decades since its establishment.
The document is a project report submitted by Arun S Kaimal for his Bachelor of Management Studies program. It includes a declaration by Kaimal stating that the project was completed as required. It also includes a certificate signed by his project guide and college administrators confirming completion of the project titled "Life Insurance Sector in India". The project provides an overview and analysis of the life insurance sector in India.
The document discusses life insurance and provides definitions and explanations of key concepts:
- Life insurance is a contract where the insurer agrees to pay a sum of money to the insured or their beneficiaries upon the insured's death or other specified event.
- Both parties have responsibilities - the insurer must pay claims as agreed, while the insured must disclose all relevant information truthfully and pay premiums.
- There are various types of life insurance policies that can provide financial protection or serve as investment vehicles. Life insurance plays an important role in protecting families and encouraging savings.
This document provides an introduction and background to a study on consumers' perceptions of life insurance policies. It discusses the importance of understanding consumers' needs and perspectives in order to develop competitive insurance products and services. The study aims to understand how consumers select and evaluate different aspects of life insurance offerings. It outlines the objectives, scope, and limitations of the research, which involves surveying consumers in Bangalore to gain insights into their attitudes, preferences, and levels of satisfaction regarding various life insurance companies and policies.
Understanding Insurance for Protecting Your Future.pdfinsurekar
Insurekar offers reliable and trustworthy insurance solutions through a vast network of reputable partners and experienced professionals, ensuring customers get the best plans that suit their needs and budget.
Chapter 22_Insurance Companies and Pension FundsRusman Mukhlis
This document summarizes key topics related to insurance companies and pension funds. It discusses the fundamentals of insurance, types of insurance like life and health insurance, and how insurance companies are organized and regulated. It also covers the different types of pension plans like defined benefit and defined contribution, and how pension plans are regulated in the US by acts like ERISA.
Similar to THE IMPORTANCE OF INSURANCE IMPLEMENTED CHERRY INSURANCE COMPANY (20)
The Future of Criminal Defense Lawyer in India.pdfveteranlegal
https://veteranlegal.in/defense-lawyer-in-india/ | Criminal defense Lawyer in India has always been a vital aspect of the country's legal system. As defenders of justice, criminal Defense Lawyer play a critical role in ensuring that individuals accused of crimes receive a fair trial and that their constitutional rights are protected. As India evolves socially, economically, and technologically, the role and future of criminal Defense Lawyer are also undergoing significant changes. This comprehensive blog explores the current landscape, challenges, technological advancements, and prospects for criminal Defense Lawyer in India.
What are the common challenges faced by women lawyers working in the legal pr...lawyersonia
The legal profession, which has historically been male-dominated, has experienced a significant increase in the number of women entering the field over the past few decades. Despite this progress, women lawyers continue to encounter various challenges as they strive for top positions.
Integrating Advocacy and Legal Tactics to Tackle Online Consumer Complaintsseoglobal20
Our company bridges the gap between registered users and experienced advocates, offering a user-friendly online platform for seamless interaction. This platform empowers users to voice their grievances, particularly regarding online consumer issues. We streamline support by utilizing our team of expert advocates to provide consultancy services and initiate appropriate legal actions.
Our Online Consumer Legal Forum offers comprehensive guidance to individuals and businesses facing consumer complaints. With a dedicated team, round-the-clock support, and efficient complaint management, we are the preferred solution for addressing consumer grievances.
Our intuitive online interface allows individuals to register complaints, seek legal advice, and pursue justice conveniently. Users can submit complaints via mobile devices and send legal notices to companies directly through our portal.
Genocide in International Criminal Law.pptxMasoudZamani13
Excited to share insights from my recent presentation on genocide! 💡 In light of ongoing debates, it's crucial to delve into the nuances of this grave crime.
Sangyun Lee, 'Why Korea's Merger Control Occasionally Fails: A Public Choice ...Sangyun Lee
Presentation slides for a session held on June 4, 2024, at Kyoto University. This presentation is based on the presenter’s recent paper, coauthored with Hwang Lee, Professor, Korea University, with the same title, published in the Journal of Business Administration & Law, Volume 34, No. 2 (April 2024). The paper, written in Korean, is available at <https://shorturl.at/GCWcI>.
Business law for the students of undergraduate level. The presentation contains the summary of all the chapters under the syllabus of State University, Contract Act, Sale of Goods Act, Negotiable Instrument Act, Partnership Act, Limited Liability Act, Consumer Protection Act.
Guide on the use of Artificial Intelligence-based tools by lawyers and law fi...Massimo Talia
This guide aims to provide information on how lawyers will be able to use the opportunities provided by AI tools and how such tools could help the business processes of small firms. Its objective is to provide lawyers with some background to understand what they can and cannot realistically expect from these products. This guide aims to give a reference point for small law practices in the EU
against which they can evaluate those classes of AI applications that are probably the most relevant for them.
Lifting the Corporate Veil. Power Point Presentationseri bangash
"Lifting the Corporate Veil" is a legal concept that refers to the judicial act of disregarding the separate legal personality of a corporation or limited liability company (LLC). Normally, a corporation is considered a legal entity separate from its shareholders or members, meaning that the personal assets of shareholders or members are protected from the liabilities of the corporation. However, there are certain situations where courts may decide to "pierce" or "lift" the corporate veil, holding shareholders or members personally liable for the debts or actions of the corporation.
Here are some common scenarios in which courts might lift the corporate veil:
Fraud or Illegality: If shareholders or members use the corporate structure to perpetrate fraud, evade legal obligations, or engage in illegal activities, courts may disregard the corporate entity and hold those individuals personally liable.
Undercapitalization: If a corporation is formed with insufficient capital to conduct its intended business and meet its foreseeable liabilities, and this lack of capitalization results in harm to creditors or other parties, courts may lift the corporate veil to hold shareholders or members liable.
Failure to Observe Corporate Formalities: Corporations and LLCs are required to observe certain formalities, such as holding regular meetings, maintaining separate financial records, and avoiding commingling of personal and corporate assets. If these formalities are not observed and the corporate structure is used as a mere façade, courts may disregard the corporate entity.
Alter Ego: If there is such a unity of interest and ownership between the corporation and its shareholders or members that the separate personalities of the corporation and the individuals no longer exist, courts may treat the corporation as the alter ego of its owners and hold them personally liable.
Group Enterprises: In some cases, where multiple corporations are closely related or form part of a single economic unit, courts may pierce the corporate veil to achieve equity, particularly if one corporation's actions harm creditors or other stakeholders and the corporate structure is being used to shield culpable parties from liability.
Receivership and liquidation Accounts
Being a Paper Presented at Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) on Friday, August 18, 2023.
Receivership and liquidation Accounts Prof. Oyedokun.pptx
THE IMPORTANCE OF INSURANCE IMPLEMENTED CHERRY INSURANCE COMPANY
1. THE IMPORTANCE OF INSURANCE IMPLEMENTED CHERRY
INSURANCE COMPANY
What actuallyisinsurance?Peoplehave evolvedthisoutstandingprocessinordertosave
themselvesfromlossanduncertainty.Thissocial device,knownasinsurance,helpsthemto
eliminateorminimizethe risksinvolvedinlossof life and/orproperty. Ithasnot onlybrought
general economicgrowthinthe societybut,hasalsoprovidedstabilitytoitsfunctioning.Thus,an
insurance companybasicallyprovidesfinancialaidandresourcesinordertoreduce uncertainties.
One such leadinginsurance providercompanyisCherryInsurance.Withtheirwide coverageand
varietyof policies,includingbusinessinsurance, theyensurethatyougetenoughsafetyandsecurity
to lastmore thana lifetime.People alwaysfearfromlosses.But,gettinginsuredwillget youa
financial backingandsafetyagainstanundesirablecircumstance.
Anotherpurpose of insurance companiesistogenerate funds.Thesefundsare thenusedinthe
economicdevelopmentof the country.Thereby,more jobopportunitiesare createdandmore
capital isformed.CherryInsurance hasproudlybeenpartof leadingthe countrytowards
developmentsince 1945. Withits experience ithashelpedmillionsof peoplebeartheirtragiclosses.
ThisSaskatchewan’strustedinsurancecompanyhasmade itsmark onmany differentparts.They
cater to a wide geographical expanse througheasilyapproachablelocationsat Saskatoon,North
BattlefordandPrince Albert.
CherryInsurance worksto protectyouagainstrisksand uncertainties.Andalsooffersaninvestment
planfor yourportfoliotoo.Get a businessinsurance and ensure systematicsavings.Itwill give you
some peace of mindknowingthatyouare now secure and covered.If there isanyissue youcan
unhesitatinglyaskthe friendlystaff fortheirhelp.They are alwaysavailable 24*7 for the service of
theirclients.If youare not a client,youalsodonot have to worry.There isfree consultationon
estimate foreverybody.
Theyonlyofferpersonalisedandtailor-madeservicessothatyouget onlywhatyou require.Their
patientstaff listenstoyoureverywordandthenmeticulouslyputstogetheraplanthat will suityour
needsaswell asyour budget.So,youalsodo nothave to worry aboutgettinga hole burnedinyour
pocket.Theyare affordable andunderstandthe importance of money.
Contact At:
CherryInsurance
(MainBranch, DowntownOffice)
350 3rd Avenue SSaskatoon
Phone:(306) 653-2313
Website:http://www.cherryinsurance.ca/
Toll Free:1-800-667-3919
Hours: Mon. to Fri.8am - 5pm