INSURANCE
Understanding Insurance I will explain about insurance or in Dutch "Verzekering" which means. In article 246 of the Chamber of Commerce or Wetboek Van Koophandle, that insurance or coverage is an agreement with an insurer binding to an insured person by accepting premium money to provide reimbursement to him because of a loss, damage or loss of expected profits which may be fined for an unspecified incident. This provision applies to all kinds of coverage, whether contained in the Book of Trade Law and that is outside the Book of Commercial Law Understanding Insurance)Definition of General Insurance There are 3 (three) absolute elements that need to be considered in Article 246 Book of Commercial Law, namely:1. The existence of Interests Interests are the subject of coverage and are subjective rights that may be lost or diminished by the occurrence of an uncertain or definite event. The element of interest is an absolute element that must be present in every coverage, either at the time of closing of the coverage or at the time of the occurrence of the avemen.2. The Uncertain Event Indeterminate events in the life of death ie death is an event that will definitely happen, where that is not certain is when death will become a reality. Uncertain events in a new life-order exist when the insurer binds to pay, if death comes shorter than the time period and the likelihood of the life of the person concerned. Another case with the loss because the incident there is an event that in human experience can not be expected to happen.3. The existence of Loss / Understanding Insurance Indemnification provided by the insurer can not be said to be a compensation, since the person receiving the indemnity does not receive the indemnity that really corresponds to the loss he suffers.So the giving of money by the insurer is not purely a compensation, because the human soul can not be judged by money. The formulation of the definition of coverage in Article 246 of the Commercial Code applies to all kinds of coverage, thereby applicable to the loss of liability as well as for the sum insured or the sum insured.Insurance Objectives The purpose of Life Insurance or Life Insurance is as follows:A. The Objective of Indemnification Compensation provided by the insurer to the insured if the insured suffered a loss guaranteed by the policy, which aims to restore the insured from bankruptcy so he is still able to stand up as before suffering losses.So the insured only by may obtain compensation for the loss he suffered, meaning the insured should not seek profit from insurance. Likewise with the insurer, he should not seek profit on the interst he endured, except to obtain service fees or premiums.B. Objectives of the insured Are as follows :- To obtain a sense of tranquility and safe from the risks it faces on the business activities of his property.-To encourage the courage to tie a bigger business with greater risk too, because the right risk is taken by the insurer.
C. Purpose of InsurerThe purpose of the underwriter is divided into two, namely1. General Objectives are: to gain profit in addition to providing employment, if the insurer bleach auxiliary workers.2. Special Purpose:-Reduce the risks faced by the customers or the insured by taking the risks faced.- Creating a sense of peace and security among customers, so more daring to tie a larger business.- Collect funds through premiums accumulated bit by bit from its customers so as to collect large funds that can be used to finance the distribution of Nations and the State.hopefully can be useful for you know the importance of insurance ....
