Tell me, Walter, on this insurance, how much commission do you make?

(c) The details of the brokers commissions are not disclosed in most of the policy documents and were therefore not known to the Insurance Section.

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

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

Article 123 An insurance broker means an entity which, based on the interests of the applicant, provides intermediary services between the applicant and the insurer so that they enter into an insurance contract and receives a commission in accordance with laws.

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

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.

Federation of Afro Asian Insurers and Reinsurers

BIPAR International Association of Insurance and Reinsurance

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.

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

The commission fee usually covers all charges such as advertising, insurance, administrative fees, connection time costs and miscellaneous charges.

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.

Given that the property valuations directly determine the level of the premium, the broker s commission, and the limitation of the underwriter s liability, the establishment of an appropriate valuation methodology for insurance purposes should be of fundamental concern to the Insurance Section

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

International Association of Insurance and Reinsurance Intermediaries

You take a 10 or 20 percent commission, and then you the kiosk operator takes 10 or 20 percent commission, and passes the rest over to you in cash.

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.

Consequently, the auditors were not able to determine whether it might be in the Organization s interests to negotiate an overall flat charge for certain policies rather than commissions based on premiums.

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

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.

The sum insured refers to the maximum amount which the insurer undertakes to indemnify or pay under its insurance obligation.

Unless otherwise specified in the contract, in the event that the sum insured is less than the insured value, the insurer shall undertake the obligation for indemnity pro rata of the sum insured to the insured value.

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.

Commission

During the reporting period, the international business sector, including insurance, reinsurance and mutual fund management and administration, continued to dominate the economy.

With regard to the commissions, insurance premiums or freight charges collected or paid by an enterprise for carrying out import export business, they shall be dealt with according to the price terms provisioned in the contract.

Sum insured

Finance and insurance

Reserve for insurance

What insurance money?

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

transacting reinsurance in accordance with laws

Article 65 When a contract stipulates death as the prerequisite for the payment of the insurance benefits then the insurer shall have no obligation for the payment of the insurance benefits if the insured commits suicide, except for the event stipulated in paragraph two of this Article.

the applicant deliberately falsifying the subject matter of the insurance, whereupon an insurance claim is fraudulently made

Article 45 If the insured waives the right of indemnity against the third party after the occurrence of the insured event and before the insurer making the indemnity, the insurer shall bear no obligation for indemnity.

Article 63 In the event of the death of the insured, the payment of the insurance benefits shall be treated as part of the estate of the insured, and the insurer shall pay the insurance benefits to the legal heirs of the insured, if

192. Pension insurance.

falsely alleging the occurrence of an insured event which in fact has not occurred, whereupon an insurance claim is fraudulently made

26 Re insurance Contracts

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

Do I wear the safe round my neck?

In order to carry out rights to pensions and disability insurance, two Entity funds for pension disability insurance were formed.

An insurer refers to the insurance company which enters into an insurance contract with an applicant and is obligated to make indemnity or payments of the insurance benefits.