2. Commercial insurance

Finance, credit and insurance

(a) Export credit insurance UNCTAD should support the spread of export credit insurance facilities in the developing world.

Association of Export Credit Insurance Organizations

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

DAKAR Association of Export Credit UNION Insurance Organizations .

Foreign commercial presence in the health insurance sector.

Article 5 Legal entities engaged in commercial insurance must be insurance companies established in accordance with this Law no other entity or individual is permitted to transact commercial insurance business.

(iii) Purchase of renewal of major commercial insurance policies

The organizing of credit facilities and insurance schemes for craftspeople

Furthermore, the PBC uses unconventional instruments from time to time, such as credit ceilings or credit quotas imposed on commercial banks. This may result in extra reserves, which commercial banks cannot use to extend their credit lines.

A credit information centre and an insurance communication platform have been created.

Employment is only in such sectors as finance, credit, insurance and management

(b) Commercial aspects of space activities (e.g. property rights, insurance and liability)

(vi) Audit of United Nations commercial insurance programmes (decision 51 468 B)

Indicators that would inform on the different types of products available include a census of products offered (e.g. letters of credit, forward exchange contracts, pre or post shipment finance), types of insurance products available (export credit insurance), government export credit guarantees, etc.

Indicators that would inform on the state of the local infrastructure include number and size of banks and insurance companies operating in the country, public and private institutions providing trade financing, credit insurance or guarantee, local vs foreign owned companies, rates of insolvency, international bank credit ratings, insurance density, insurance penetration, etc.

In view of the functional differences between health insurance and the commercial insurance arrangements, two separate reports are submitted to the General Assembly.

Reports indicate that some institutions have gone beyond credit to offer insurance and other financial services.

Article 106 The basic insurance clauses and premium rates for major types of commercial insurance shall be formulated by the financial supervision and regulation department.

Finally, banks and insurance companies may request EMS registration, and insurance premiums, credit conditions and treatment of liability may become differentiated between registered companies and others.

Report of the Office of Internal Oversight Services on the audit of the commercial insurance programmes

It also administers financial arrangements in consultation with field missions and headquarters operational units, including certification of payments for global vehicle insurance arrangements in conjunction with the Insurance Unit commercial satellite communications freight forwarding charges aircraft operations and other commercial services.

4. The Insurance Claims and Compensation Section, within the Office of Programme Planning Budget and Accounts (Insurance Section), at Headquarters, is responsible for establishing, administering and monitoring commercial insurance coverage for the United Nations.

The most common types include government grants, subsidized credit, government equity participation and insurance at preferential rates.

International Credit Insurance Association (ICIA) Business School Seminar on Independent Demand Guarantees, Standby Letters of Credit, Performance and Contract Bonds (Flims Waldhaus, Switzerland, 24 27 September 1996)

Those types of insurances are usually available at the commercial insurance markets, although the availability of commercial insurance may be limited for certain force majeure risks (e.g. war, riots, vandalism, earthquakes, hurricanes) which one or more of the parties will need to absorb.

National credit risk insurance schemes, usually obligatory, have often proved to be inadequate as claims are seldom paid.

These services range from business advice, marketing and training to financial services such as credit, savings and insurance.

(b) Commercial aspects of space activities (e.g. property rights, insurance and liability), proposed by the delegation of Argentina

That provision has been included in particular because the Convention provides a set of rules that parties to commercial letters of credit may wish in their own judgment to take advantage of, in view of the broad common ground between commercial and stand by letters of credit, and in view of the occasional difficulties in determining whether a letter of credit is of a stand by or commercial variety.

In 1950, the Executive Board authorized the establishment of a reserve for insurance of 200,000 to absorb losses of UNICEF programme supplies and equipment not covered by commercial insurance.

Recommendation 4. The Department of Management should consider assigning additional resources to establishing and monitoring commercial insurance arrangements, thus allowing the Insurance Section to improve its monitoring of brokers.

42. In 1950, the Executive Board authorized the establishment of a reserve for insurance of 200,000 to absorb losses of UNICEF programme supplies and equipment not covered by commercial insurance.

GATS commitments on quot life, accident and health insurance services quot are most detailed under the commercial presence mode.

Commercial bank lending has generally remained negative or only slightly positive since African countries have yet to restore normal credit relations with the financial markets and gain access to credit.

The EXIM Bank provides credits to overseas investments through the Overseas Investment Facility, and an Overseas Investment Insurance scheme is run by the Malaysia Export Credit Insurance Berhad to cover political risks.

Relocation of the responsibility for commercial insurance to the Office of Central Support Services and the allocation of additional resources

The seller made the sale conditional to the acceptance of the buyer by the defendant's credit insurance, which did not occur.

64. At the General Assembly s request, OIOS audited the Organization s commercial insurance arrangements and expenditures, which exceeded 1.5 million in 1997.

(d) Prohibition of loans or credit by any United States agency for industrial or commercial projects in the Libyan Arab Jamahiriya.

19. The Office of Internal Oversight Services also noted that the Insurance Section has no affiliation or membership with professional societies monitoring developments and changes in the commercial insurance arena, such as the Risk and Insurance Management Society and the International Risk Management Institute.

147. The representative noted that commercial banks frequently denied women credit because of lack of creditworthiness, and the Government had implemented several credit schemes, including the Family Economic Advancement Programme, which operated credit facilities for women and family units for the promotion of family enterprises.

Exporters generally prefer to deal with countries with good credit ratings, where the cost of credit risk insurance is not high or where they are able to deal with credible financial institutions to facilitate payment.

Today, after 20 years of watching TV geared to make me emotional, even a decent insurance commercial can bring tears to my eyes.