Types of insurance

in paying the liabilities owed. Since working as a team is important when taking care of patients, I think that it is also important to confront and pay for the liabilities as a team. The way I view risk bearing and risk sharing is that these two types of guidelines are completely opposite of each other. For example, if there is a patient who is given wrong lab results, then by using the risk bearing guideline, it can be determined that the person held liable for this mistake would be the…

largest motor club and travel organization. The company was first founded for “the purpose of lobbying for driver and passenger rights, fair laws and safer vehicles” and now has “broadened its horizons to include all types of travel-related services, as well as offer a variety of insurance and…

regulation is to protect consumers and the market. There is an ongoing debate on whether the federal government should regulate the insurance industry due to the bailouts stemming from the financial crisis of 2008. Currently, state governments regulate the insurance industry. Proponents of federal regulation argue that states are inefficient in the duty of insurance regulation. Additionally, the federal government has economies of scale and may offer an increase in efficiency unlike state…

. A Conditional fee Agreement is one type of funding that is available to clients, they are legally binding agreements and must be in writing as stated in (s58 Courts and Legal Services Act 1990 (CLSA 1990)). Conditional Fee Agreements are sometimes known as "no win, no fee" agreements and they are commonly used in personal injury claims, however they are also used in different areas of law.  During a court case the claimant and defendant are responsible for paying their own legal costs and if…

I have been very fortunate thus far in my college career to have had a lot of exposure to the world of my major. I have been able to talk to countless professionals in the insurance industry about possible jobs or positions that might interest me and fit my personality. After much thought I believe that underwriting is the career path that I am going to be getting into after graduating college. Since that is my choice, I decided it was a good idea to really look into what the day in the life of…

The Pennsylvania workers’ compensation system is designed to protect both employers and employees. Employers who have workers’ compensation insurance are protected from a direct lawsuit for injuries sustained on-the-job; whereas, employees receive the medical treatment they need and are compensated for any lost wages that are associated with any injuries and disease sustained while at work. Employers and workers’ compensation coverage – Pennsylvania law For the majority of employers in the…

Most of us have what would be best termed as basic knowledge of car insurance procedures and practices. That doesn’t help much when it comes time to take a new policy. Before you do, you should be ready with questions to ask when shopping for car insurance, that will help cover the finer points of a policy. The idea isn’t to get the best policy possible, or even the cheapest, but rather one that offers the best value for the money. Here are 10 questions that will help you to accomplish that…

modern events and entangle them into the plot of the movie. This event or policy usually directly affects the main character. This is reflected in the movie Saw VI, directed by Kevin Greutert in 2009. Saw VI reflects a real world concern of corrupt insurance companies that use the clients’ money for profit through making obscure criteria to avoid providing coverage in place of trying to help and cover their patients through their illness. The film reflects the severe aftermath…

learn in order to make good financial decisions both right now and in the future. After taking economics, I have chosen the five most decidedly important topics that we have studied throughout the semester, which include: Budgeting, different types of insurance plans, how to have and manage good credit, how to write a resume, and finally how to pay taxes. Each of these topics relate to each other in someway and without knowing how to budget correctly, for example, you wouldn't be able to have…

Without health insurance in the United States, costs for health care can be out of control and unmanageable for most individuals. These are facts that the government knows to be true as well as private insurers. If not covered by a government funded or public plan, an alternative is to seek coverage through a private insurer. Currently, individual plan purchase is available. For others, employer sponsored plans are available to participate in. The hope is that with all of these options…