Insurance

Rights of a Guarantor A guarantor is someone who agrees to sign an agreement and basically guarantees that if for some reason the tenant cannot…

Net Annual Premium The net annual premium is a type of term life insurance for which the premiums remain the same throughout the duration of…

Net Single Premium Net single premium is the present value of the expected cost of paying a death benefit. It is a premium that covers…

Unenforceable Contract Unenforceable contracts are those, which are very much valid contracts, but simply cannot be enforced in a court of law because of the…

Importance of Insurance for Socioeconomic Development Many business owners feel business insurance is an expense they cannot afford or is a luxury for more established…

Components of Insurance Premium An insurance premium is the amount of money that an individual or business must pay for an insurance policy. In an…

Abandonment in Insurance Abandonment is the act of surrendering a claim to, or interest in, a particular asset, or allowing an options contract to expire…

Salvage in Insurance Salvage usually refers to the remains of the property after a loss. Normally, as the result of a loss, the whole property…

New provisions included and changes brought in Current Insurance Act The insurance Act has not only brought the new additions but also has brought some…

Different types of Merit Rating Merit Rating assesses the merit of the person doing the job. In Insurance, a merit rating plan is used by…