health insurance agents






health insurance agents

The examples and perspective in this article or section may not represent a worldwide view. Please improve the article or discuss the issue on the talk page.

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.

Principles of insurance

From the point of view of the insurance company there are four general criteria for deciding whether to insure events or not. MEGA Life and Health: Health Insurance Agents and Brokers. 1. there must be a larger number of similar objects so the financial outcome of insuring the pool of exposures is predictable. Therefore they can calculate a "fair" premium. 2. the losses have to be accidental and unintentional from the point of view of the insured. Skip to page content - Association of Health Insurance Advisors The Health
Conference of the National Association of Insurance and Financian Advisors. 3. the losses must be measurable, identifiable in location, time, and be definate. They also want the losses to cause economic hardship. That is, so the insured has an incentive to protect and preserve the property to minimize the probabilty that the losses occur. 4. When you choose to inquire with an. the loss potential to the insurer must be non-catastropic. It cannot put the insurance company in financial jeopardy.

Losses must be uncertain.

The rate and distribution of losses must be predictable: To set premiums (prices) insurers must be able to estimate them accurately. This is done using the Law of Large Numbers which states that: The larger the number of homogenous exposures considered, the more closely the losses reported will equal the underlying probability of loss. Insurance Agent/Broker. If the coverage is unique, the insured will pay a correspondingly higher premium. Lloyd's of London often accepts unique coverages. (e. g.

Home   ind   cheap health insurance option   aetna health insurance quote   health humana individual insurance   central florida health insurance   health insurance agents   american health insurance   health insurance companies california   child health insurance texas   traveler health insurance   individual health insurance plan texas   international medical health insurance   home health care insurance   health care insurance companies   best health insurance company   texas group health insurance   florida health insurance for child   health insurance college students   fortis short term health insurance   student health insurance plan   florida health insurance plans   compare health insurance plan   california health insurance company   health insurance in minnesota   florida small group health insurance   top health insurance company   texas health insurance company   california health insurance companies   blue cross health insurance quote   texas child health insurance