Something about insurance

The insurer - this is a legal entity of any organizational-legal form created for the insurance business and has obtained a license for it. The insurer is one of the two main subjects of the insurance contract. The insurer sells for a price of insurance services to clients. To this end, contributions from the insurance fund is formed, is used to compensate for damage to insured property interests of the insured.

Insurer - this is a legal or natural person capable, has entered into a contract of insurance or is insured by operation of law (in the form of mandatory insurance) and payment of insurance premiums. The insured may enter into contracts of insurance or other persons in favor of third parties. Insured is the second main subject of the insurance contract, he buys insurance from the insurer for the price of the premium.

Insured person - an individual whose life, health and working capacity are subject to insurance coverage for personal insurance. An insured person may be both the insured, if he signed a contract of insurance in respect of itself and the insurer pays the fees. If, for example, an employer has an appropriate agreement and paid contributions to social funds for their employees, then employees will be insured and the insurer - the employer. An insured person is a secondary subject of the insurance contract.

Beneficiary - legal or natural person are designated by the insured in a contract or a legal beneficiary of the sum insured (for example, in the event of injury to the insured property - in the property insurance or the death of the insured - in the personal insurance). Beneficiary is a secondary subject of the insurance contract.

The subject of insurance - insured tangible and intangible assets: property, life, health, earning capacity, liable to damage the environment.

Property interest - the notion of having two semantic values. First, the property interest is linked to the presence of the policyholder insurance (property, life, health, wealth), the insurance protection it would provide, ie, the property interest is a specific form of awareness of the need for insurance. Secondly, the property interest is defined as the sum, which is estimated damage from the loss of or damage to property. This amount and the related interest in ownership of property.

The object of insurance. The objects of insurance may be the property interests involved:

First, the life, health, disability and pension policyholder or the insured (private insurance);
secondly, to the possession, use and disposal of assets (property insurance);
and thirdly, with reimbursement from the insured for injury caused to his person or property of third parties (liability insurance).

The interest of legal persons and States in the property insurance, life, health, on the one hand, and a real opportunity to address this need by insurance companies - on the other hand, express the meaning «insurance protection». For this reason, insurance protection can be defined as a set of relations on the redistribution of damage to the property interests of the affected policyholders, among all the customers of insurance companies through an insurance fund established by contributions from insurers for policyholders.

Insurance liability - duty of the insurer to make payment of the insurance policyholder in the aftermath of the insured event occurred. The insurance contract always includes a list of insurance events, in case of attack by the insurance. This list represents the amount of liability insurance (coverage) the insurer, with more than he was, the more expensive insurance.