3. Fixed value insurance contract and fixed value insurance contract are relative. The division between fixed-value insurance contracts and non-fixed-value insurance contracts is only applicable to property insurance contracts, but not to life insurance contracts, because there is no insurance value in life insurance contracts. The so-called fixed-value insurance contract refers to an insurance contract in which both parties have determined the value of the subject matter insured and incorporated it into the contract when concluding the contract. An unvalued insurance contract refers to an insurance contract in which both parties do not determine the insured value of the insured subject matter in advance when concluding the contract, but only specify the insured value after the insured accident, and then estimate its value to determine its loss.
4. Subrogation: Insurance subrogation is divided into power subrogation and material subrogation, and subrogation should be power subrogation.
Definition: If the insured accident is caused by the negligence or illegal act of a third party, the third party shall be liable for the loss of the insured. The insurer may pay the insured in advance according to the stipulations of the insurance contract or the provisions of the law. Then, the insured transfers the right of recourse to the insurer and assists the insurer to recover from the third party. Add "the right of subrogation in rem": In property insurance, when an insured event causes a presumed total loss, the insurer shall obtain the ownership of the insured subject matter according to law after fulfilling the liability for compensation as agreed in the contract.
5. Unexpired liability reserve refers to the reserve formed by the company's property insurance, accident insurance and health insurance business within one year, and the part that should belong to the next year is extracted from the unexpired insurance premiums in this period.
6. An insurance contract is an agreement between the insured and the insurer to stipulate the insurance rights and obligations. Among them, the insured refers to the person who has entered into an insurance contract with the insurer and has the obligation to pay the insurance premium according to the insurance contract. An insurer refers to an insurance company that enters into an insurance contract with the applicant and undertakes the responsibility of compensation or payment of insurance benefits.
7.* * * The same insurance is also called "* * * insurance", which means that two or more insurers * * * cover the same risks and the same insured accidents with the same subject matter, and the insurance amount does not exceed the value of the subject matter insured.
8. The general reserve refers to the funds that the insurer draws from the profits after final accounts according to a certain proportion and accumulates year by year to make up for the losses when dealing with huge claims. Setting the general reserve is not only the need to maintain the stability of the insurer's business operation and organize economic compensation, but also the inevitable result of the imbalance of catastrophes and accidents between years. The calculation method of total reserve is: total reserve = realized profit in the current year-income tax in the current year-adjustment tax-profit retention.
9. Notice means that before, during and after the conclusion of an insurance contract, one party shall orally or in writing state to the other party the important facts related to risks and subject matter that he already knows or should know.
10, the insured amount refers to the maximum amount that the insurer is liable for compensation or payment of insurance benefits.
1 1. Insurance: Let me give you the definition of insurance law. The term "insurance" as mentioned in this Law refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer according to the contract, and when the insured dies, suffers from disability, illness or reaches the age and time limit agreed in the contract, the insurer shall be liable for the property losses caused by the possible accidents agreed in the contract.
12. Indemnity reserve refers to the funds reserved by the insurer for insurance claims or payments that have been claimed but not yet paid, or insurance accidents that have occurred but not yet claimed before the final accounts of each fiscal year.
13, abandonment means that the insurer agrees to treat the damaged subject matter as a constructive total loss, and obtains the ownership of the damaged subject matter while compensating the insured for all the losses. After accepting the abandonment, the insurer can accept the income greater than the compensation amount through the disposal of the subject matter. This concept should be explained in combination with "recovery on behalf of others", but generally speaking, abandonment usually occurs in marine insurance.
14, the insured amount (already in the front).
15. Insurance policy, referred to as insurance policy, is a formal written proof that the insurer and the insured have concluded an insurance contract. The insurance policy must completely record the rights, obligations and responsibilities of both parties to the insurance contract. The contents recorded in the insurance policy are the basis for both parties to perform the contract, and the insurance policy is the proof of the establishment of the insurance contract.
16. Risk management (different teaching plans have different interpretations) refers to the scientific management method that all economic units comprehensively deal with risks through risk identification, measurement and analysis, and on this basis, achieve maximum safety.
17. Insurance period: also called insurance period. That is, the start and end time of the performance of rights and obligations by both parties to an insurance contract.