Children's Health Insurance Program

Children's Health Insurance Program Reauthorization Act of 2009 (CHIPRA or Public Law 111-3) reauthorized the Children's Health Insurance Program (CHIP).  CHIPRA finances CHIP through FY 2013.  It will preserve coverage for the millions of children who rely on CHIP today and provides the resources for States to reach millions of additional uninsured children.  This legislation will help ensure the health and well-being of our nation's children.
These pages contain documents and links to CMS guidance on the implementation of the Children's Health Insurance Reauthorization Act (CHIPRA) of 2009. Guidance in the form of letters to State Health Officials (including State Medicaid Directors and CHIP Directors, as well as other public health officials as appropriate), answers to frequently asked questions, and forthcoming regulations will be posted on these webpage sas it becomes available.

Training Courses Offered for Marketing Executives

State Life Insurance Corporation of Pakistan provides adequate training to its marketing executives through the ‘Field Manpower Development’ (FMD) Department. There are four Regional Academies, one each in respective region, 26 FMD Centers, one in each zonal office to impart training, seminars and refresher courses to different levels of our marketing force. FMD department offers three courses exclusively for the marketing executives. These courses have been adopted from LIMRA (Life Insurance Marketing and Research Association of USA).

Career Paths/Success Stories of few Marketing Executives

A Sales Representative having two years’ association and having fulfilled the laid down promotion criteria is elevated as Sales Officer. He has to pass in-house courses.
The Sales Officers completing the laid down promotion criteria of Sales Manager are upgraded as Sales Managers.
The field channel is paid basic commission and additional bonuses for quality and consistency. All the three channels are provided group insurance facility and the Sales Officers and Sales managers are allowed limited medical facility and on completion of pre-determined parameters, seating & allied facilities which include the office, office furniture etc.

Third Party Insurance

 This type of insurance covers damages caused by you (first party) to others (third party).
Apart from these above mentioned insurance policies there are many other types of insurance policies in the market (and the list keeps on increasing) that are more or less related to these policies however providing benefits to the policy holders in a different and unique way.
Tags: insurance types, types of life insurance, types of auto insurance, different types of insurance policies, types of insurance

Insurance at Amusement Points

6) Insurance at Amusement Points: This is a one of the new kinds of insurance policy (not very popular in India) where in you are insured against the equipments that you are using at the amusement joints. For example: if you are using boats for an independent boat ride , then they will charge you with some extra money for an property loss(say $5) and in case of any property damage you will not be liable to pay any amount required to repair the damaged property.

Travel Insurance

Travel Insurance: Loss of personal belongings while traveling, medical coverage, delays in the travel are all part of the travel insurance policy.

Property Insurance

Property Insurance: This insurance helps you to prevent the losses against theft, fire, burglary or any natural calamity like Earthquake, Floods etc. based on the points mentioned in the policy.

life

1) Life Insurance: In this policy, the insurance company pays in case of the demise of the policy holder or at the time of the maturity of the policy. Now a days a new policy has been launched by LIC in which you will be covered under the insurance policy even after the maturity of the policy

House Insurance

Many people take insurance as some kind of financial obligation that must be avoided. Why an individual should pay a high monthly premium for house insurance? There are 3 very important reasons why you should always pay your monthly insurance premium. First, most states require that you insure your house, second, your insurance pays for damages on your vehicle and third, in case of accidents,...

Car Insurance - Reasons to update your car insurance-00-5269

Many people take insurance as some kind of financial obligation that must be avoided. Why an individual should pay a high monthly premium for car insurance? There are 3 very important reasons why you should always pay your monthly insurance premium. First, most states require that you insure your car, second, your insurance pays for damages on your vehicle and third, in case of accidents, your insurance will cover all or most of the expenses connected with the accident.

It is very importan to have a car insurance. Imagine if you get involved in a road accident and you do not have any car insurance at all the you can be in lot of trouble If you do not have any insurance, you will have to pay your hospital bills, your car repairs and others from your own pockets. Even if you are a financially well off and you have some money stash in the bank, paying for these things may not really be easy.

Complying With State Requirements. Almost all states in the country require drivers to insure their automobiles to some level. Some states may only require you to carry a minimum insurance coverage on your car against accidents while other states require more. In an event where an officer pulls you over and you cannot present your car insurance papers when requested, your car may be impounded and you will be fined. If you are in a hurry then the whole episode can be quite a nightmare. Look at international insurance web world for more information.

If you are one of those individuals who are always on the go, you cannot afford to be pulled over and your automobile confiscated so make sure that you are up to date with your policy premium payments. Always remember that once you do not pay your insurance premiums your car insurance coverage will lapse and you will be without any insurance protection.

Since different states have different rules when it comes to car insurance coverage, you should first check with the proper authorities as to what types of insurance coverage is required in your state. After checking with the proper authorities regarding this matter, find a good insurance company where you can get your car insurance.

If you go to any car dealers in any part of the country then they have their own preferred car insurance company which they work with. Ask your car dealer for referrals to their car insurance company when you are buying your car. Local car insurance companies know about the rules and regulations governing car insurance coverage in your state so you need not worry about not getting the right coverage for your car.

Motor Insurance

Covers against accidental loss or damage to vehicles and/or legal liability arising out of third party accidental loss or damage to vehicles and/or legal liability arising out of third party. Cover is also available for Executive Scheme, High Valued Vehicles, Road Side Assistance, Extended Warranty and Car Replacement.
Motor Insurance is a type of Insurance policy that consumers can purchase for cars, motorbikes, vans and other motor vehicles. It covers the Insured against the cost of repairing a vehicle following an accident, theft or damage; and against any liability claims.
The Motor Department offers motor insurance policies directly to private individuals and fleet insurance to different companies.
Al Khazna Insurance provides a broad range of Insurance Products and Services in order to meet the needs of various Companies, Business Establishments, Organizations, and Individuals.
There are several Types of Motor Insurance offered by Al Khazna as follows:-
A ) Comprehensive Car Insurance, ( Loss, Damage and Third party Liability ):

Loss, damage and third party liability car insurance covers against accidental damage to a third party vehicle or property and to the policyholder's car, injury to third parties and liability to passengers in the policyholder's car and subject to certain conditions.

The above Cover consist of two sections :-

1 ) Loss of or Damage to the Insured vehicle

Under Loss of or Damage, the cover will be liable for insured vehicle that claim may arise from :-  

• Accident or overturning
• Fire, external explosion, self ignition, lightning or thunderbolt
• Burglary or theft
• Malicious act of third party.
• Whilst in transit by road, rail, inland waterway, lift / elevator, etc..).

2 ) Third Party Liability 

Third Party Liability section indemnifies the Insured against all sums which the Insured shall become legally liable to pay as compensation for:-

• Death of or bodily injury to any person including all passengers in the vehicles (except the Insured or the driver and their families [spouse, parents and children] and the employees of the insured).

• Damages for materials and property (except those owned by the Insured or the driver at the time of the accident or property held in trust or in their custody or control).

B )  Third Party Liability Insurance Policy 

Third Party Liability policy indemnifies the Insured against all sums which the Insured shall become legally liable to pay as compensation for: 

Death of or bodily injury to any person including all passengers in the vehicles (except the Insured or the driver and their families [spouse, parents and children] and the employees of the insured).

Damages for materials and property (except those owned by the Insured or the driver at the time of the accident).

C ) Third Party Fire and Theft Only:
Include all the benefits of third party, with the addition coverage of fire and theft, attempted theft and taking without consent.

The Second Condition of Average

The second condition of average is not strictly a condition of average at all, because it is essentially a contribution clause which apportions the loss in a particular manner. The key to its application lies in the determination by insurers of which policy is more specific. Clearly, if both policies are identical, then neither is more specific than the other, and the second condition cannot apply. It will similarly not apply if the two policies cannot be compared because each policy covers a variety of items not covered by the other, in addition to those items common to both, because in this case neither is more specific than the other.



If the two policies are capable of being compared and all items covered by one fall within the scope of the other (which also covers other items), then the second policy is wider and the second condition operates.




The second condition effectively applies to convert the wider policy into an insurance of the excess of value beyond the amount insured by the more specific policy. It excludes items common to both policies from the operation of the wider policy if the loss is covered by the specific "narrower" policy. The two conditions usually read as follows:



"Whenever a sum insured is declared to be subject to the Two Conditions of Average if such sum shall at the commencement of any damage be less than the value of the property covered within such sum insured, the amount payable by the Insurer in respect of such damage shall be proportionately reduced, but if any of the property covered within such sum insured shall at the commencement of any damage be also covered by any more specific insurance, then this policy shall only insure the same for any value in excess of the amount of such more specific insurance (s) which excess value shall be deemed to be the value of the property covered hereby and subject to 1 above.



For the purpose of 2 only a more specific insurance is one which at the time of damage applies only

to property as described herein, and at any but not all of the locations to which this insurance applies."




Obviously, where the first condition of average is applicable, then allowance must be made for the proportion of the loss which the insured must bear himself, prior to determining the liability of the insurers under each policy, i.e:



Sum Insured

-------------------------------- x Loss

Total true value of subject



matter of policies, less value of narrower policy



Where there is a third policy, it will not contribute until the second policy is exhausted, and so on.


Read more: http://www.articlesbase.com/insurance-articles/insurance-the-second-condition-of-average-3537088.html#ixzz13KR7XpLU
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