CHAPTER - 1 INSURANCE 1.1 Introduction In law and economics‚ insurance is a form of risk management primarily used to hedge against the risk of a contingent‚ uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss‚ from one entity to another‚ in exchange for payment. An insurer is a company selling the insurance; an insured‚ or policyholder‚ is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged
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Problems & prospects of insurance in Bangladesh Prospects: There should be vigorous campaign through out the country to make the people aware of the utility and prospects of buying insurance. Bangladesh is a densely populated country and most of the people in our country are poor. They would definitively go for insurance for the security and the risks covered by the insurance. Therefore‚ the prospects of Insurance are very high in Bangladesh if the following measures can be adopted. First
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Bangladesh-Myanmar Relations in the Context of Recent Developments in Myanmar 3. Bangladesh-Myanmar relations: Challenges and Opportunities Bangladesh and Myanmar share approximately 200 kilometre of land border. Both the countries have a long history of sharing political‚ cultural and economic affairs prior to their emergence as modern nation states. They have also common heritage of British colonial experience. However‚ after the independence of Bangladesh in 1971‚ Myanmar expressed willingness
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ABOITIZ SHIPPING CORPORATION V NEW INDIA ASSURANCE COMPANY‚ LTD. [CITATION] QUISUMBING; May 2‚ 2006 NATURE Petition for review on certiorari FACTS - Societe Francaise Des Colloides loaded a cargo of textiles and auxiliary chemicals from France on board a vessel owned by Franco-Belgian Services‚ Inc. - The cargo was consigned to General Textile‚ Inc.‚ in Manila and insured by respondent New India Assurance Company‚ Ltd. - While in Hongkong‚ the cargo was transferred to M/V P. Aboitiz
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INSURANCE LAW PROJECT | HEALTH INSURANCE AND REGULATORY ISSUES UNDER IRDA ACT 1999 | Rudresh Pratap Singh Roll No. 49 Semester V RMLNLU | Contents INTRODUCTION 4 The Insurance Regulatory and Development Authority 5 Regulatory issues in the health insurance business 5 It should be the duty of the regulator (IRDA) to ensure that the new entrant in the health insurance sector: 5 II. Regulations Pertaining To Consumer
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------------------------------------------------- Submission Date: 18th February‚ 2013 ------------------------------------------------- Current Energy Landscape The Government of Bangladesh through the Ministry of Energy and Mineral Resources (MEMR) bears overall responsibility for the power sub-sector in Bangladesh. Consumption of commercial energy per head in Bangladesh is one of the lowest in Asia‚ if not the world. A lack of commercially priced sources of electricity has been a major factor in deterring foreign investment
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between insurance and hedging Insurance is generally an action taken to offset the impact of a negative event. Taking out insurance is a bet that something bad may happen and that protection against it is needed. Hedging is a type of insurance. However‚ hedging is a markedly different method of insurance from home‚ auto and flood insurance. Hedging refers to any series of actions taken to offset the potential risk of losses on a financial investment. Medical‚ home‚ auto and flood insurance policies
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development is the increase in the standard of living of a nation ’s population with sustained growth from a simple‚ low-income economy to a modern‚ high-income economy. (http://www.google.com/url?q=http://en.wikipedia.org/wiki/Economic_development) Bangladesh is an economically developing country. We cannot develop our country because of some major economic barriers. Economic development of a country effected by many facts including political‚ economical‚ geographical‚ infrastructural‚ international
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returned because a policy of insurance is a contract of indemnity. Second if the insurer does not run the risk‚ the consideration for which the premium or money was put into his hand‚ fails‚ and therefore he ought to return it. Another rule is that if the risk of the contract of indemnity has once commenced‚ there shall be no apportionment or return of the premium afterwards. 2. Explain difference of insurance and wages ? (6/10) Answer : Insurance contract are : ❖ The
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Tiffanny Santos Week 4 Outline Intro: For someone like me who has no health insurance it is very hard to keep up with my healthcare‚ but with the new health care laws that are coming about it may be a little easier for people to stay healthy. Thesis: Healthcare is a very important part of life‚ it keeps people healthy‚ but is also non-affordable if you do not have any health insurance. A. Why is healthcare important? Longer more productive living for one To ensure a healthy
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