Essays on Insurance Policy

Changes of Investments Needs

Investments are of different types such as unit trust, bonds; exchange-traded funds, shares, contracts for differences, structured deposits and they all change over time throughout the life cycle. The change is affected by return and risk which are associated with the terms of the investment (Maginn, 2007). In the UK, the investments plans are carried out without considering of risk changes over time. The various stages in the life cycle affect the investments decisions, for instance in the early years when the investor is young or the venture which is the investments is young. In the early stages, it ...

One of the peculiar aspects of criminal law is the ability to essentially increase, or decrease, depending on the particular factors of a case, the punishment that an offender would normally expect to have imposed after a conviction (Justia, 2016). These circumstances, which are formally known in criminal law as aggravating and mitigation circumstances, are often used to take into account important aspects of the case that may not have been properly addressed during the trial or plea negotiations. Aggravating and mitigating circumstances are normally applied under the discretion of the sentencing judge; however, for some crimes they might ...

Questions and Answers Based on Hansberry’s, A Raisin in the Sun.

Walter enquired about Ruth because he could see that she was looking fatigued. It is arguable that his concern towards her was fueled by the knowledge of her physiological situation. The fact that Ruth was pregnant means that her new physiological state might have contributed to the concern expressed by Walther in enquiring about her condition.

Why is Ruth upset when Walter gives Travis the money?

There are to plausible reasons as to why Ruth is angry at the decision of Walter to give some money to Travis. Firstly, Walter’s actions are irresponsible given the financial situation in the household. They did not have surplus from which they ...

Dr. KJ is a registered pharmacist who works as the head of the pharmaceuticals department in hospital M. He holds a baccalaureate in nursing from the Nova Southeastern University. He is currently pursuing a doctorate program in the pharmaceuticals field and has already completed four years plus the required pre-requisites. I sought to have a one on one with him with the intentions of having him expound on several issues surrounding the profession. To this effect, therefore, we planned for an interview with him in his office at hospital M to help in seeing to it that this objective ...

Introduction

Throughout this discussion, we will analyze the history of life insurance companies, any major events which impacted the life insurance industry, including the Great Recession of 2007 which lasted for two years, rules or regulations proposed by Congress that govern the present operation of life insurance companies, including any changes of insurance laws, the current Presidential candidates plan on implementing for the life insurance industry and future expectations of the operational life insurance environment.

History

The life insurance industry began in the ancient city of Rome around 100 B.C. The Roman militant leader named Caius Marius, had created a certain ...

Abstract

This paper explores various published articles that address employee insurance programs available for employees in an organization, particularly in the United States. The article discusses different aspects life insurance and disability so that when they are evaluated collectively, they create a rational analysis of the subject of the research. Hasman et al. (2004) explain the current employee insurance situation in the country. Martoccio (2010) and Fronstin (2007) provide a detailed discussion of employee benefits. The discussion available in these two sources tends to create several categories of both life insurance and disability insurance, describing how offering such plans may ...

The HBO series titled “The Newsroom” has fictional characters who honestly speak at the economic, political, cultural, social and moral statuses of the United States. This debate originates when a question is asked on whether America is the greatest country of the world by a member of the audience who is a student (AbuWadee3, 2012). America has been known a country that has enacted legal and moral laws given its value system, fought wars to eradicate poverty, and cured diseases and that makes Americans think is the basis of the greatness status. This essay is a critical historical analysis ...

Finance

Executive Summary With growing concerns related to climate change, the farming profession is exposing the farmers to significant risk of low yields or other crop related failure. Moreover, with weather trend highly unpredictable, farmers always live under the cloud of high uncertainty relating to their livelihood. Therefore, farmers are understanding the significance of crop insurance and how these contracts mitigate the risk factor associated with the farming profession. Important to note, American farmers have two insurance options: Multiple Peril Crop Insurance(MPCI) and Crop-Hail Insurance. While the MPCI is a federal crop insurance program and is run through public-private ...

Cash is different from profits, but it is blood of the business. It is necessary to maintain cash as one can run business without profits but not without cash. Profits do not indicate the cash. It is key for any business to have cash by selling the products and services. In relation to depreciation, straight line method is used for the buildings and even for the equipment. However, government frequently changes the formula of depreciation as one of the formulae is 2x. Another formula is known as one and one-half times the declining balance. The businesses can use either ...

PART 1:

Using the draw tools in Word, show what happened to the demand for housing by drawing the demand for housing in 2005, 2006, and 2009. This means you draw lines for the demand and supply of housing in 2005, 2006, and 2009 to the supply and demand graph and match what happens to the price in those years with what is show in the chart. Explain what caused demand to change over this period.

The graph below shows the demand of housing in 2005, 2006 and 2009 and how the price fluctuates. The demand for houses rose rapidly during ...

Section

The company’s bank, which has no prior aircraft financing experience, is willing to finance a portion of the purchase of the aircraft if (and only if) you can ensure that even if the aircraft is destroyed in an accident, any unpaid balance on the loan will be paid in full. Can you accomplish that through your aircraft insurance even if the circumstances of the accident were such that the insurance company would not have to pay the aircraft owner (such as if the aircraft was being flown by an unqualified pilot at the time of the accident)? ...

Personal finance plan

I am a college student pursuing my first degree in a public university. I live off-campus with a friend where we pay 100 dollars per month for rent. The rent is split between both of us. Therefore, I pay 50 dollars per month. One of the major short term goals I have is to graduate. I plan to graduate in the next one year. My other short term goal is to enroll in a master’s program within a year of graduating. Enrolling in a master’s program will require me to work as I study since I will ...

Insurance Risk Mitigation: Case Study

Insurance Risk Mitigation: Case Study

People face different kinds of risks in their personal lives and in the communities where they live. Being aware of one’s level of risk exposure and taking concrete steps to mitigate the risks and associated liabilities can help people protect their lives and properties. Most risks are manageable and the resulting losses avoidable if the right measures are taken. From the case study, it is clear that Mr. Arkanfarkar and his family are exposed to several types of personal and commercial risks. This report presents a strategy for managing the personal exposures of ...

Insurance (Paraphrasing a Word Document)

Part A This section shall fall under the guidance of three clauses herein referred to as clause 18, clause 19, and clause 20 as indicated below. In the event of the need for a judicial review, an alternative shall apply for Clause 18 and clause 19.

It is a requirement for the contractor to obtain the necessary insurance policy for all items mentioned under Clause 16.1 that covers against any eventuality within the period that such items are under the custody of the contractor. This not excluding the liabilities on the part of the contractor as indicated under Clause ...

Insurable interest

Jeff had an insurable interest in the building at the time of the loss. Jeff owns the building and stores its inventory as well as operating a restaurant in the building. When fire destroyed the building, Jeff suffers a financial loss including the loss of revenue from the restaurant business. Therefore, he has an insurable interest in the building. Richard does not have an insurable interest in the building at the time of the loss. A person can only have an insurable interest in a property if the loss or damage to the property results in a financial loss ...

Question 1

The doctrine of respondeat respoir asserts that the employer is completely relived of any vicarious liability whatsoever in the case where the employee is found to have committed torts in a frolic engagement. This means that the employer is exempted from the liability when the employee admits to having made a major physical departure from the scope of practice as stated by the employer. The doctrine of frolic and detour provides for the employer to be declared free of any vicarious liability only when the employee is proved to have been acting beyond or out of the ...

Insurance is designed to protect against risks (unlikely events) such as damage to property or loss of property and loss of life or poor health. In the event of such risks, a person can file a claim with his or her insurance company so as to receive compensation (Jawadekar, 2004). The various specifics of the claim may vary depending on the insurance provider or the type of insurance taken such as health or life insurance or homeowner’s insurance. Making an insurance claim can be a very simple and less stressful process especially if all details are gotten correctly. In making a claim, ...

The coastal areas of United States is at major risk of hurricane, flooding and such natural disasters, destroying private or public property and even taking the lives of the residents living in these areas. Despite this fact, as the Case Study 118 illustrates, U.S. individuals have continued to lift up their houses near the Atlantic shore, increasing the population of the coastal countries with 28% (approximately 153 million people) from 1980 to 2003 (CS 118-3). This situation was significantly encouraged by the U.S. government itself, because, through its legislations it obliged the entire population of United States to pay ...

Insurance companies offer various types of insurance cover to people, life insurance being one of them. Life insurance is cover for an individual beneficiary after they die. It matures once the individual who has been meeting the premium charges passes away. The insurance company provides a lump sum payment to the beneficiary. There are various types of life insurance such as term life insurance, universal life insurance and whole life insurance. The following are insurance companies in Bahrain that offer life insurance.

Metlife Alico is an insurance company that has been helping businesses and people in Bahrain since 1961 with ...

In a rather technical approach, the insurance policy term is used for purposes of describing various forms of which there is provision of protection against the medical services costs. Such usage includes personal insurance policy as well as social insurance policy applications like Medicare. These are pools resources that spread the financial risks linked to major medical expenses across the population with a goal of protecting everyone. This also caters for social welfare applications like Medicaid coupled with the Wellness Insurance Program by the State Children providing due assistance to various individuals who are not able to afford protection against health ...

The effect of mandated health insurance benefits on the market for labour if the workers do not place any value on these benefits and when they fully value the benefits. In the situation where the workers do not place value in the mandated health insurance benefits, the relationship between employees and employers will significantly change. This is because workers will not be willing to contribute towards the mandated insurance scheme. Moreover, employees may present inaccurate information regarding the size of their family, their income and other household information (Kasper, Riley, McCombs and Stevenson, 2009). Economically, mandated health insurance benefits ...

Important factor of Mold Removal

Fungi that usually generate spores (not seeds) and spreads in huge amount to the air are known as mold. A lot of harms caused by mold usually rise up because people do not find the source properly and are not applying the best technique to remove them. In order to remove molds, it is advisable to search the main cause and source (Mishkin, 2000). It is important to remove molds since toxic mold become a dangerous health problem. Some of the health problems caused by mold includes; nasal problems, lung and breathing problems, headache and many more.

Effect of Mold Other than Sickness

It is important ...

1. What is the role of congress in policy making process? A policy is defined as a course of action that is established by the legislature, executive or the judiciary to influence the behaviors and decisions of the citizens in a federal state. Policy making process is not a monopolized affair and, therefore, involves decisive interactions among all arms of the government and the public participation. The congress and the President participate mutually in the legislative roles to a greater extent. However, their roles are made distinct at some point. The Congress is mandated in Law making, representation of the citizens as ...

An American immigrant leaves his or her mother country in search of business opportunities as well as expectations of a superior lifestyle associated with America. These particular expectations are often hinged on the fact they could achieve better lifestyles via better work and schooling opportunities in the United States. Nevertheless, this isn't always the situation. These particular immigrants experience a lot of issues from their new surroundings such as language climate and lifestyle which, to a large extend, influence their successes or failures in the United States. They influence their economic as well as social standing within their new environment and, therefore, ...

INSURANCE FRAUD

EXECUTIVE SUMMARY Insurance fraud is the term used for explaining the misrepresentation that the individuals or a group of people make so that they can avail more benefits from the insurance companies to which they are actually not entitled too. The transparency in the representation is important for securing the rights and overburdening the company from the claims which have actually not taken place. The insurance companies take different measures for protecting the rights and ensuring that they are protected from the insurance fraud. For this the rules and regulations are implemented using which they sometimes protect themselves from ...

Insurance Claim Rejection in the Middle East

Abstract The rejection of insurance claims is quite rampant in the Middle East. Private health insurance is necessary for the millions of the expatriates who live in the Middle East. In the UAE, there is no comprehensive data on the rejection of claims. This study seeks to determine the prevalence of the rejection of health insurance claims in the UAE. This will be done by obtaining data from the health information management system at the hospital where the researcher works as a hospital manager. Data will also be obtained from the e-claim system. The data that will be obtained ...

Section 1

There are various literature sources that discuss Cognitive Behavior Therapy (CBT). The immense interest in this type of therapy is derived from the fact that it forms a seminal method of handling mental health issues that cannot be treated by medical doctors. This literature review however will focus on the works by Katy Grazebrook and Anne Garland (2005), as well as Richard G. Heimberg (2002). These authors bring out the concept of CBT in the clearest manner possible helping their readers understand that what they think can affect their feelings. They also have almost similar view about how best CBT ...

Introduction

Special events become complex when the number of stakeholders attending such meetings increases. In addition, the total number of attendance is in direct relation to the level of complexity and preparedness required of event organizers. From the case study, Doug’s firm is in charge of running the launch of a new chocolate brand named “bubbles”, and needs professional advice on the legal framework of an upcoming event. According to David (2004), it is undeniable that despite excellent and objective event planning and management, certain things can still go wrong. Despite the level of professionalism employed by an event planning ...

ID Number

Life settlement pertains to the sale of a life insurance to another party for an amount greater than the value of cash surrendered yet below the net death benefit. A lot of American seniors become greatly aware that life insurance regulations do not meet their needs any longer. Companies that sold the insurance do not offer solutions or real advice. Instead, companies offer the policyholder a fraction, usually 3 to 5 percent of the face value of the policy. They discourage the employees from informing the clients that they may obtain greater cash outcomes thereby getting higher payoffs on ...

The United States Department of Labor Website, www.dol.gov/dol/topic/health-plans/cobra.htm, focuses on the health plan and benefit options that are available to ex-employees. This website communicates the current regulations and federal involvement in employee benefits. The Consolidated Omnibus Budget Reconciliation Act (COBRA) is provided to ex-employees who want to continue their health benefits after their employment is terminated. Ex-employees who qualify are able to use COBRA. This allows them to select group health benefits for a period of time after their employments ends. In order to qualify for COBRA the ex-employee must have ended his or her employment for one of the ...

The incidences of landslides and earthquake in the areas around Washington Bay Area have been on the rise due to the nature of the rocks that make up the structures around these places. The torrential rains and the earthquakes have instilled fear among the residents from the regions within and around the weak fault line areas. It has, therefore, taken the interest of the risk analysts to create awareness on the looming risks that the residents around this place may encounter. Despite the fact that national standards for tracking landslide hazards are non-existent, ABAG has generated local maps that ...

Community

The California insurance marketplace has experienced a couple of events this year, in terms of the member registration and signing up for insurance covers. California has signed up more Asian-Americans and Asian immigrants than Latinos. The major method that these Asian communities are using to sign up for the Covered California insurance policy is through Certified Insurance agents rather than community groups. Fourteen percent of the eligible population in California consists of individuals from the Asian descent. Thirteen Percent of those signed up with Covered California is comprised of Asian individuals (Aliferis, 2014). The news value evident in this ...

Death of a salesman is a play where Willy Lowman spends most of his time on the road as a salesman. He did his job as directed, and manages to purchase mortgage from his sales. He is also trying to raise his two kids and a wife, as he struggles to attain The American Dream. A raisin in the sun portrays a few weeks of an African -American family, the Youngers in the 1950’s and live in the Southside of Chicago. In Death of a salesman the character Willy shows money is everything, because everything that is happening around him revolves around money. ...

Following the American Psychological Association’s Guidelines

Educational Institution CAR TRACKING DEVICES AND THE EFFECT ON car insurance PREMIUMS Introduction Insurance is an agreement where the insurer (company) agrees to pay to the policyholder (individual or company) a certain amount to compensate for loss in the event of the occurrence of an uncertain event (Feldman and Brown, 2005). Insurance coverage transfers the risk of loss from an event occurring in exchange for the payment of a fixed amount of money called the insurance premium. Risk recognition is a factor in determining the amount of premiums that would be paid by the policyholder. Premium computation takes into ...

Importance of Theory

Introduction: The word theory may be used to refer to a collection of related ideas that advance an action that guide a specific practice. It is a coherent collection of general proposals used as principles when making explanations to a related subject. In nursing, different theories are advanced to aid the process of treatment and patient care. Therefore, the nursing theory refers to a set of concepts, assumptions, definitions, propositions, and relationships derived from a variety of nursing models or other related disciplines for the purposes of predicting, explaining, describing, and prescribing proper nursing, health care, and patient care while undergoing medical treatment in ...

Part I: Study Questions

Budget is an estimate comprising of both income and expenditures usually define for a period. It outlines financial goals and forces someone to consider what is important. A budget controls income and expenditure; in addition to that, it evaluates the process on how to achieve the financial goals. Budgets are useful to an individual, family, and group of people, business, multinational corporations, government and the country as a whole. Budgets are crucial to beginning control of personal finances; it is the only to monitor expenses (Jones 618). Majority of adults have a budget and keep in check of their expenses. Budget ...

International Sale Documents

Introduction Right paperwork and documentation during importation and exportation is very crucial. Inaccurate or lack of documents can lead to many inconveniences that may include delays, increase in trade costs and rejected deals. When participating in international trade, it is crucial to ensure the right documentation is applied. The correct type of documentation plays a very significant role in both receiving and making payments. By following the right paperwork, the risks facing the customer paying for the goods are reduced. The risk of the supplier failing to deliver the goods or services is also reduced. With the right documented ...

The major financial crisis of 2007-2008 was caused by vending Fannie Mae-backed hypothecation packages, commercial real estates and the misuse of credit default swaps. Under the commercial real estate, the speculative real estate bubble in those years went beyond residential homes to affect all kinds of commercial real estate’s (Conserverpedia, 2013). To the extreme the bubble also affected office buildings, shopping centers, apartment complexes, casinos and hotels. This was characterized by people buying high with expectations of selling even higher. Contrary to their expectation, the market collapsed. The real estate creditors were expecting to get a 20% return but ...

Abstract

Maternity coverage or insurance can be endowed by the employer or an individual can secure an insurance policy or plan by himself/herself. Taking an insurance cover by women for their maternity costs or midwives for their practice is an optional resolution. However, taking an insurance plan is beneficial compared with the reproductive complications that can result in the absence of a cover. Midwives also get covered for the services they offer and any other work related uncertainties. Insurance in midwifery simply refers to the costs covered during the practice of midwifery, that is, pregnancy, birth, and post delivery period. ...

Abstract

All parties involved in worker’s compensation have the desire to eliminate fraud. A recent research shows that, fraudulent compensation of workers cost over $5 Billion annually. In California, over 25% of compensation claims are usually falsified, yet an average claim in California goes for almost $65 000. Therefore fraud needs to be avoided because it costs the state a huge amount of money which could have been spent on development projects. Fraud units have been put in place, but they have not been able to eliminate fraud. Worker compensation frauds can be eliminated by putting in place tougher compensation ...

CRITICAL REVIEW OF ‘SICK AROUND AMERICA’

According to the article, “Sick around America” by the Frontline, the number of uninsured in the United States of America is increasing by the day. This saddening situation can be attributed to the deteriorating economic situation in the country. The country is currently under a declining economic state that is leading to a scenario of massive job losses through lay-offs and job-closures. The economy being the pillar supporting all economic activities in the country has in turn negatively affected the health system, particularly the Insurance sector. Frontline reports that the private insurance system fails to cover close to 46 million Americans, ...

Through: The Director of Long Term Care

After spending some time with the organization and establishing the challenges that the elderly population face, I have realized that it is important that the organization should ensure that every employee should be enrolled into the Long-term care insurance now. The longer the time people spend to delay their planning for long-term care until they are out of the workforce and are facing challenges of old age and declining health, the higher the chances of finding such options severely constrained. Even though some decisions might be put on hold until later in life, maybe when people are in their ...

Q 1 In today’s world, the aviation industry faces the risk of malicious motives and acts. For example, incidents of terrorism can be perpetrated in any country, and at any time. In the wake of the terrorism challenges that bedevil the society, the aviation industry must be steps ahead in terms of safety management. To counteract these challenges, there is need for enhanced capabilities for surveillance and data collection. This will weed out any persons wanted for terrorism-linked charges, and makes airlines safe for travel. In addition, there is need for enhanced scenario planning and uncertainty analysis. ...

Introduction

There has been an increase in the demand for security. Nowadays, a sense of security may be considered as the next basic goal after the basic items which include food, shelter and clothing. Majority of the people requires economic and health security. A person with economic security will be able to satisfy the basic needs in the present and future. Economic risk refers to the probability of losing economic security. Historically, economic risk was managed through making informational agreements between the parties concerned. The insurer would compensate the injured party. The pooling concept was later formalized in the insurance industry. ...

Identification of risks is the first step in managing risks. There are many ways through which risks can be identified. The first is brainstorming. This is where several people come together and a facilitator encourages them to give their inputs on possible risks while one of them takes notes. Another method is through surveys, although this may sometimes fail to yield accurate information. Interviews can also be used, although the quality of information yielded may be limited by the facilitator. Working groups can also be formed to analyze a situation and identify the risks. Experiential knowledge can also be used but ...

Introduction and purpose of study

The recent worldwide economic crisis has seen many countries undergo a period of economic recession. This has resulted in inflation to a point that some basic facilities formerly provided by employers to their employees have become difficult to provide. Some of these facilities formerly provided by organizations or employers to their employees include: house allowances, travelling allowances and healthcare. Due to the economic recession, all the sectors have been affected making employers be in a point not to provide some of these facilities to their employees. In this paper, the main topic covered is healthcare issue which appears to be diminishing from ...

Introduction

Trade was one of the most important economic activities of the ancient civilization. Initially trade was mainly conducted on land .As the scope of the activity expanded with time, another mode of transportation; water transport started to become gradually important and started to attract the attention of commercial enterprises. As this mode of transport became more important, there arose a need for the formulation of insurance scheme to protect the water vessels, the passengers, and cargo for the various risks that they faced in this transport mode. Marine insurance is therefore one of the oldest forms of insurance that has ...

QNT/561

I need to travel for a distance of 1064 miles and select a personal insurance policy that will cover the expenses. Car rental is much more convenient and cheaper compared to flying. I do my research and identify a rental company called travel safe. They offer $9.99 a day on the weekends and $18.99 per day if a client chooses to extend including the $3.00 charge. In addition, an extra $12.99 will need to be paid as accident insurance. Notably, it is indicated that if offered an insurance claim, $500 will be deducted. In this situation, I need to make an informed choice between ...

Introduction

A mudslide is a specific variant of a landslide, a term which describes “a wide variety of processes that result in the downward and outward movement of slope-forming materials including rock, soil, artificial fill, or a combination of these.”(Highland & Johnson, 2004). Of the different types of landslides described, the type known as “earthflow” includes the sub-category “mudflow” – the subject of this research paper. The following paragraphs will describe mudflows (or mudslides) and a number of the issues surrounding them.

The Research

Definition of Landslides and Mudslides. In the USGS factsheet originally produced by Highland & Johnson, it was stated that in a landslide, the movement of the displaced ...

Introduction

In March 23, 2010, the US Federal Government implemented the Patient Protection and Affordable Care Act (PPACA) also known as “Obamacare”. This law, signed by President Barack Obama overhauls the US healthcare system, which was formalized in 1965 through the establishment of Medicare and Medicaid. This law’s objectives are to decrease the number of uninsured Americans and reduce the cost of health care, through a series of mandates, subsidies, tax credits and other mechanisms that will increase the number of insured Americans and make the delivery of healthcare more efficient thus reducing costs. This bold law is currently ...

Introduction

We live in a world of uncertainty today. Trust, honesty, goodwill, etc. are all qualities, which have ceased to be relevant to us any longer in their traditional definitions. The coming of the Internet has definitely helped the finance industry by speeding up communication, but at the same time, this speeding up has made us susceptible to many gimmicks and devices. We are lured by advertisements and end up spending fortunes in purchasing things, which we do not require or will not be productive in our cultures. This social nature of individuals is has been well expressed by P.T. Barnum ...

Law of Demand and supply

Introduction In economics, the law of demand and supply is one of the essential theories governing an economy. The theory of demand and supply determines price, accessibility, and the demand for a given service or product. Demand definition is the willingness of consumers to purchase a certain good or service in the market. The cost of the service or good reflects the consumer’s buying decision. The demand for an item is high when its price is lower than other supplementary goods. The curve of demand theory slopes downward due to the inverse relationship.

Alternatively, supply is the willingness of a ...

With its final judgment being passed on August 7th 1979, Title & Trust Company of Florida v. Barrows (1979) was one of the most publicized cases across Florida. The case was presented in the District Court of Appeal in Florida, First District before McCord and the acting chief judge, Larry Smith. In the case, land ownership and rights was the main discussion whereby the appellant Belden and Edith Barrows who presented the case to the District Court of Florida accused the Title and Trust Company, Florida, for the breach of their title insurance policy. They therefore demanded a compensation especially ...

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Life Insurance Introduction Insurance is a means to manage the risk of financial losses incurred due to unforeseen events and contingencies. Unforeseen events can be in the form of accident, illness, fire outbreak or loss of life. These incidents are not only emotionally stressfully, but also financially draining. Insurance is critical for protection of the latter. Primarily, there are three components of an insurance agreement, the insurer, the insured and the policy holder. In case of a life insurance policy, the insured and the policy holder are usually the same person. For a home insurance policy, home is insured and ...

Marine or Maritime Insurance is the oldest form of insurance. It is a variant of insurance for which the subjects are boats or ships, and particularly the cargos the ships carry. Although most countries of the world have their own laws relating to insurance, an online article entitled Marine Insurance Facts (anon, n.d.) published by United Marine Insurance of Australia notes that in most cases insurance of commercially-operated ships comes under the jurisdiction of “Admiralty Law”, described in a Guide to Admiralty Law (anon, n.d.) published on the HG.org website.

Marine Adventure

In marine insurance terminology, the term “marine adventure”, as defined by ...

Introduction

Sociology is about unraveling certain fundamental laws pertaining to the governing of the organization of social relationships and societal phenomena with a view of understanding problems that are being experienced by society. In the recent past, there has been a major focus on sociology and its relatedness to health and medical sciences. So as to interpret social reality it is important to have an image of the various interrelationships that define human interaction. Sociological research is important in the observation and analysis of social phenomena; it entails critical examination, empirical and rational collection and analysis of various aspects to arrive at a ...

Travel insurance is the type of insurance meant to cover losses experienced while travelling such as medical expenses and the financial failure of travel suppliers among other travel expenses. Travel insurance is provided for people travelling internationally or within their own country. The type of travel insurance cover provided often varies depending on the duration of the trip, the number of trips taken or the risk of items in transit among other factors (Mintel International Group Ltd., 2004). For instance, a passenger can arrange for temporary travel insurance while booking a specific trip and this insurance can cover the exact duration ...

The establishment of a legal entity that is detached from the individual entities of the individuals for the purposes of conducting business as a group is known as incorporation.1 It is a simple and voluntary act which is ideal for small enterprises that is an alternative to forming a company that is limited by guarantee or a co-operative. With the incorporation of a company come certain advantages and responsibilities as defined by the Australian Law. The individuals who chose to form an incorporated association are not entitled to use the profits accrued in the process of conducting the business for personal gain. There are ...

Introduction

Increasing costs of health care services in the US require some measures to be undertaken in order to control these costs by lowering costs of prescription drugs, high premiums for health insurance policy and misuse of Medicaid /Medicare services. Federal government has taken initiatives to cut down its spending on public health care expenditures through programs such as health care reform bill which was enacted last (Flowers, 2010). Thus individuals and health care organizations, both governmental and non-governmental, have to work with constrained budget due to reduced funding by the federal government. This is not an easy task to ...

Financial planning encompasses processes and various steps leading to the proper management of available income and expenditure. Managing personal and family finances demands thorough estimation of the incoming revenue and outgoing expenses on a daily basis.

Personal financial plan on the other hand is a plan that specifies one’s financial goals and describes the spending, financing, and investing plans that are intended to achieve those goals. A well defined personal or family financial calls for budgeting and tax planning, managing liquidity, financing one’s large purchases, protecting one’s assets and income (insurance), investing money, as well as planning his/her ...