Introduction In this article, we are going to explain in detail Proximate Cause Definition| Practical Application of the Principle of Proximate cause. "Whatever event that happened in the sphere of human existence, must have a remote or immediate cause or record where such happening or event can be traced". However, in every activity that involves human … [Read more...]
Insurance Cover for Children/ All You Need to Know
What is Children's Insurance Cover? These are insurance specifically obtained for the benefit of one's children. In most cases, a child's parents, grandparents, or guardians can obtain child life insurance to cover his or her children against unexpected death. Some policies offer small amounts to simply cover funeral and burial costs, while others offer a savings component … [Read more...]
10 Important Features of Insurance Contract
What are the 10 Important Features of an Insurance Contract? Important features of an insurance contract are those bases, qualities, and characteristics that an insurance business possesses that make it different from any other legally binding contract. Anytime these important features are violated, the insurance policy can be voided. It is these important features of the … [Read more...]
Reason for Government Regulation of Insurance Business (Template)
Reason for Government Regulation of Insurance Business Government regulation of the insurance business is facilitated for so many reasons. The insurance business consists of the activities of insurance and reinsurance companies (risk-bearing), insurance agents and brokers (intermediaries, conversing for insurance at commission), loss adjusters (assisting in claims adjustment), … [Read more...]
What is Endowment Insurance? Template
What is endowment Insurance? Are you among those that spend extravagantly, even if you know you are not going to make use of the items you are buying, but you will just see yourself buying them? However, do you find yourself unable to save for your future needs? If that is your case, endowment insurance is what you need now to put yourself in order. Endowment insurance … [Read more...]
What’s Workman’s Compensation Insurance? All You Need to Know
What's Workman's Compensation Insurance? Looking at the hazardous effects and injuries sustained by workers at the production facilities, construction sites, and many other working environments. We came to realize that most industrial and construction workers can't even offset the treatment bills, an avenue has been created by insurance companies through which such an … [Read more...]