Pojęcia

17 Apr: Waiting period

it is a period mentioned under the insurance agreement as the one when the cover is not binding or is…

17 Apr: Underwriter

an insurer’s employee responsible for the individual risk assessment and the determination of insurance premiums corresponding to the peril covered…

17 Apr: Underinsurance

insurance in a situation when the insurance sum is lower than the value of the insured property; the most unfavorable…

17 Apr: Unit-Linked

It is a life insurance contract with the insurance capital funds, where the insured unit invests premiums in one or…

17 Apr: Total damage

the damage, whose consequence is loss (as in theft), destruction or damage to such an extent that its repair is…

17 Apr: Technical result

result of the insurer’s activity with regard to insurance premiums, benefits, reserves and reinsurance; technical result shows that the insurer…

17 Apr: The first risk

in life insurance, it is a system of the insurer’s responsibility where the rule of proportion does not apply. In…

17 Apr: Trigger

it is a temporary term of insurance event used in contracts of liability insurance. Classic civil liability insurance contract covers…