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Insurance

Rebating

One concept that is frequently deemed unlawful by both legal authorities and regulators is the act of an insurance sales agent offering a portion of their commission to the buyer. This practice, known as rebating, is strictly prohibited in the finance industry. It is important for individuals to be aware of such practices and understand the implications of participating in them. As knowledgeable individuals in the field of finance, it is our duty to educate and guide others on these matters.

Requisites of insurable risks

As we delve into the realm of insurance, it's crucial to understand the perspective of both the insurer and the insured. For the insurer, a critical factor is the presence o...

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Direct response

Insurance distribution refers to the process of providing insurance to customers without the involvement of intermediaries. This can be done through direct mail, telephone, ...

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Loss

A depreciation refers to the decrease in the worth or significance of a property, or the responsibility for any legal obligations. It is a common term used in the realm of f...

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Fiduciary bond

A surety bond, also known as a probate bond, is a form of security that is mandatory for fiduciaries, including executors and trustees. This bond serves as a guarantee for t...

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