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I- I. Ia Ib Ic Id If Ig Il Im In Ip Ir Is It

Insurative Model

Defines total average cost of capital (TACC) TACC = ((Cost of Debt x Debt value/firm value) + (Cost of equity x Equity value/firm value) + (Cost of Insurance x Insurance value/firm value). This model helps determine how capital can be used to increase efficiency by using all sources of capital “Insurative” recognizes that each form of capital carries some risk of the firm and can therefore be thought of as insurance or a derivative. Insure : (01) To grant an insurance (02) To obtain an insurance.

Insuratization

The process of utilizing an insurance coverage agreement as a hedge against specific monetary risks. Samples of such dangers range from the price of recycleables, money changes, and investment profile volatility. Previously, insurance was considered relevant to simply pure risk (reduction or no reduction). Increasingly, insurance will be familiar with hedge the possibility of “no profit” besides.

Insured

US: A person or organization covered by an insurance policy, including the “named insured” and any other parties for whom protection is provided under the policy terms.
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A person who is insured under a contract of insurance. Where there is one insured this person may also be referred to as the policyholder.
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Also known as the policyholder or the policy owner. The insured is the person whose potential losses are covered by the insurer through the contract.
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MEDICAL,USA: Individual or organization protected in case of loss under the terms of an insurance policy. Also called enrollee, beneficiary, enrolled patient, member, policyholder , or subscriber .
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Party to an Insurance contract to whom the Insurer agrees to indemnify losses, provide benefits, or render services. Although this term is preferred to use of Policyholder, Policy owner and assured, these other terms may have special meanings defined in particular Insurance policies. Named Insured : Person, corporation, other entity or any member thereof, specifically designated by name as the insured(s) in a Policy, (others may be protected as insured when member of classes are specified in an Insurance Policy even though their names do not appear in the Policy, but they are not, therefore, named Insureds). Named Insured, First Named Insured : An insurance policy may have more than one party named as insured. In such cases, the first named insured attends to policy “housekeeping,” i.e., pays premium, initiates (or receive not of ) cancellation, or calls for interim changes in the contract. This is spelled out in commercial policies in the “common policy conditions.”Insured Contract : A definition which shapes the extent of contractual liability coverage by describing the types of contracts which are insured. On modern liability policies, “insured contract” includes leases of premises, sidetrack agreements, elevator maintenance agreements, easement agreements and other agreements related to the insured’s business.
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UK: The party insured under the policy. Also known as the policyholder.
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The party or parties whose interests are covered in a nonlife insurance contract. The less common term “assured” is sometimes used synonymously.
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US: The person(s) protected under an insurance contract.
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The policyholder – the person(s) protected in case of a loss or claim.

Insured capacity

Refers to the capacity in which a person is covered under the insurance policy. Typically, directors, officers and employees are covered only for wrongdoing that they commit in their capacity as a director, officer or employee of the company. Alleged wrongdoing in any other capacity, including as a shareholder, is not covered. This insured capacity concept is set forth in the definition of Wrongful Act in most policies.

Insured funding

To put monies into a retirement plan in which the sponsor of the plan buys annuity or life insurance contracts on behalf of each participant. The insurance company guarantees a specific benefit to each retiree.

Insured personal pension

Pension under which an insurance company manages the assets of the plan. The fund managers have to be FSA authorised. This authorisation also applies to private managed funds but not selfinvested personal pensions or small self-administered schemes where the investment decisions are the responsibility of the member.