BACKGROUND 3 2. TYPES OF COVERAGE 3 3. TYPES OF MOTOR INSURANCE POLICIES 4 3.1. MERCHANDISE INSURANCE 4 3.2. CARRIER LIABILITY INSURANCE 8 3.3. VEHICLE INSURANCE 9 3.4. THIRD PARTY LIABILITY INSURANCE 12 3.4.1. THIRD PARTY LIABILITY INSURANCE IN ROMANIA 12 3.4.2. INTERNATIONAL THIRD PARTY LIABILITY INSURANCE 14 4. GREEN CARD 16 5. BAAR - ROMANIAN MOTOR INSURERS’ BUREAU 17 6. UNIFORM AGREEMENT 21 7. INTERNAL REGULATIONS 26 8. AUTO INSURANCE PRODUCTS IN ROMANIA 38 9. BIBLIOGRAPHY 45 ANNEXES
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called interest group. “An informal network of activists who seek to transform the values of the society is called social movement .”(An introduction to political science edited by RAND DYCK page 337). Considering the importance of political participation in the political arena although these components are imperfect but they still have a lot of role to be played in the political arena . “Political parties are one of the fundamental elements in contemporary liberal democracies
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Why do they call these contracts derivatives? Where is the optionality in these contracts? Weather derivatives structures commonly used are: i) cap - a call option; ii) Floor - a put option; iii) Collar - a put and a call option‚ usually with little or no premium; iv) Swap - a derivative with a profit and loss profile of a futures contract v) Digital option - an option that pays either a predetermined amount if acertain temperature or degree day level is reached‚ or nothing at all in other
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The receiver then interprets the message and gives a feedback to the sender. The sender’s feedback determines how the receiver understood the message. This is how good communication starts in the health care field. Good medical care depends on good communication between health care providers and patients. Without proper communication mistakes can lead to improper diagnosis or improper medical treatment. Effective communication requires the ability to understand and be understood. A part of communication
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INTRODUCTION Fire is one of the original perils insurance was designed to protect against. Current building codes and many nearby fire departments make it easy to forget about the catastrophic damage fire can do. However the damage caused by fire and the fire departments effort to put out a fire is all too real. It happens in just an instance. Smoker falling asleep in a chair‚ an unattended candle‚ paper or clothing too near the stove or a heat generating source‚ or a spark caused from an
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Health Insurance Health insurance is defined as insurance that covers any medical expense such as physical checkups‚ radiology and blood tests‚ and surgical expenses. It also covers the cost of medicine and reimburses for medical expenses. Many people were uninsured until 2008 when President Obama was elected. He began an insurance plan called ObamaCare which made it cheaper and easier to have health insurance compared to private insurance companies. The amount of Americans having insurance has risen
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Q1. The collaborative model used by Kaiser Permanente to implement change in the medical practice involves forming a group of cross functional teams from multiple hospitals to design and implement improved care protocols. This process involved distinct action periods through repeated cycles of (1) designing what process change could be made to improve performance‚ (2) making the change‚ (3) testing whether the change resulted in the desired impact‚ and (4) deciding whether to adopt the change‚ modify
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this is supporting the organisation to remain the leading insurance market". Good afternoon ladies and gentleman. Welcome to the presentation. Today‚ I am going to discuss the following question: ”How being constantly original supports Lloyd’s to remain the leading insurance market?” Before I start describing and analyzing the true effect of this unique brand idea on maintaining the status of Lloyd’s as the world’s leading specialist insurance market‚ we need to understand what it really stands for
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INSURANCE COMPANIES Insurance companies play an important role in an economy in that they are risk bearers or the underwriters of risk for a wide range of insurable events. Moreover‚ beyond their risk bearer role‚ insurance companies are major participants in the financial market as investors. To understand why‚ we will explain the basic economics of the insurance industry. As compensation for insurance companies selling protection against the occurrence of future events‚ they receive one or more
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contract law agreement: objective test of intention to agree offer must be matched by other’s acceptance requirement of certainty of agreement parties have intention to create legal relations enforce promise: consideration promise is contained in a deed promissory estoppel (claimant has relied on defendant’s promise) reliance theory: consistent with the harm principle (prevent harm on others) restitution interest
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