Federation of Afro Asian Insurers and Reinsurers

BIPAR International Association of Insurance and Reinsurance

C.3 XXVI FAIR Federation of Afro Asian Insurers and Reinsurers .

International Association of Insurance and Reinsurance Intermediaries

The Ministry of Finance monitors persons trading in precious metals and precious stones, insurance and reinsurance companies, mutual assurance associations and insurance brokers

Article 31 The insurer or the reinsurer shall be obligated to maintain confidentiality of information obtained in the course of conducting insurance business regarding the business and financial position of the applicant, the insured or the ceding insurance company.

When requested by the reinsurer, the ceding insurance company shall inform the reinsurer of the ceding insurance company's retained liability and all relevant information with respect to the direct insurance.

The ceding insurance company shall not decline or delay fulfilling its obligation of the direct insurance on the basis that the reinsurer fails to fulfill the reinsurance obligation.

Article 29 The reinsurer shall not demand payment of premiums from the applicant of the direct insurance.

Article 28 When an insurer transfers part of its accepted business to another insurer by way of cession, it is referred to as reinsurance.

The insured or the beneficiary of the direct insurance shall not claim for the indemnity or payment of the insurance benefits from the reinsurer.

But I'm banking on this job being our insurance.

26 Re insurance Contracts

Sickness and maternity insurance occupational risks insurance invalidity and life insurance retirement, cessation of employment at an advanced age and old age insurance, and day care and social benefits insurance.

Bermuda remains the world's leading domicile for captive insurance and reinsurance companies.

A double insurance refers to insurance under which an applicant enters into insurance contracts with two or more insurers on the same subject matter of the insurance, the same insurable interests and the same insured event.

For every child born to them after the first child, women farmers, insured in the farmers' main insurance branch (law 2458 1997), are exempted from their contribution liability towards the Agricultural Insurance Organization (O.G.A) as regards contributions towards old age pension and sickness insurance as well as contributions towards the Farmers' Union Fund for one year after the birth of each child apart from the first child.

(c) Liability and war risk insurance.

21. Liability and war risk insurance

transacting reinsurance in accordance with laws

Most of these new insurers utilize private reinsurance to leverage their capital resources.

Property insurance business which includes insurance against loss or damage to property, liability insurance and credit insurance or

Insurance of persons business which includes life insurance, health insurance and accident and injury insurance.

Do I wear the safe round my neck?

Article 101 With the exception of life insurance business, an insurance company shall reinsure twenty (20) percent of each insurance contract it underwrites in accordance with the relevant State regulations.

Activities of insurance companies, brokers and auxiliary services.

If the sum insured is less than the insured value, the insurer shall obtain partial rights pertaining to the subject matter of the insurance which is lost or damaged on the pro rata basis of the sum insured to the insured value.

Other possible types of insurance include insurance for business interruption, interruption in cash flows, and cost overrun insurance.

Insurance and health

The Social Security and Services Institute for State Workers (ISSSTE) provides the following benefits medical care sickness, maternity, old age invalidity survivors work accidents and family benefits.

The clearest divide within the Icelandic social security system is between insurance and non insurance based benefits.

An insurer shall not concurrently engage in business of both property insurance and insurance of persons.

Article 103 The financial supervision and regulation department shall have the authority to restrict or prohibit insurance companies from ceding any outward reinsurance business to insurance companies established without the territory of the PRC or from accepting any inward reinsurance business from insurance companies established without the territory of the PRC.

The operation and maintenance company is thus usually required to provide performance or surety bonds, and to purchase and maintain adequate insurance, including casualty insurance, workmen s compensation insurance, environmental damage and third party liability insurance.

Article 102 Where an insurance company needs to place outward reinsurance business, it shall give priority to insurance companies established within the territory of the PRC.

Period of insurance and the commencement of the insurance liability

Insurance Agents and Insurance Brokers

(i) Negotiations of health and life insurance

2. Insurance and health

(iii) Management and coordination of all life, health, property and liability insurance activities study of alternative insurance plan structures, as needed, in the light of developments in worldwide insurance markets

In the event that the applicant has misstated the age of the insured, thus underpaying the premiums, then the insurer shall have the right to correct the misstatement and request the applicant to pay the balance, or to reduce the payment of the insurance benefits in proportion to the amount of premiums actually paid to the amount that should have been paid.

An insurance contract is null and void if the applicant has no insurable interest in the subject matter of the insurance.

Article 92 With the approval of the financial supervision and regulation department, an insurance company may engage in the following reinsurance business of the insurance business prescribed in the preceding article

UNCTAD continued its assistance to the insurance sector in close cooperation with Africa's regional insurance organization, the African Insurance Organization (AIO) The 2004 UNCTAD African Insurance Organization (AIO) Seminar on Insurance, Reinsurance and Catastrophe Risks, held in Casablanca, attracted more 400 participants, and resulted in the creation of the Centre for African Catastrophe Risks (CARC ACCR) in Casablanca.

An applicant refers to the party who enters into an insurance contract with an insurer and is obligated to pay the premiums under the insurance contract.