Finance
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What Is The Concept Of Reinsurance Business
The Concept Of Reinsurance Business: A direct company may find that it has placed itself under liability to a very…
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What Is Meant By Reinsurance With Example
Reinsurance is insurance of insurance. This means that the original insurer,who originally accepted the risk from the original insured, gets…
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10 Important Terminologies Used in Reinsurance
Before proceeding to the study of reinsurance, it is required of the students to understand the meaning of certain terminologies…
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Waiver Of The Principle Of Proximate Cause
Sometimes the application of the principle of proximate cause may be waived by insurers through policy condition. The best example…
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Rules For Application Of Proximate Cause In Insurance
To treat proximate cause as if it was the cause which is proximate in time is out of the question.…
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The Principle Of Proximate Cause In Insurance
Until recent past the Principle of proximate cause was not used to be considered as a principle as such. However,…
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Principle Of Contribution Under Common Law And Policy Condition
Principle Of Contribution Under Common Law: The Principle is corollary to the principle of indemnity and will maintain its continued…
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How To Calculate Contribution In Insurance
If we want to Calculate Contribution In Insurance, then a few things should be checked. Once it is established that…
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Factors Influence The Application Of Principle Of Contribution In Insurance Claims
It has to be remembered that as Principle Of Contribution has had its birth from the principle of indemnity and…
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What Is Principle Of Contribution In Insurance
It has been well established through the Principle of indemnity that on the happening of a loss, the insured shall…
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