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Cyber-insurance is a business lines insurance product intended to provide coverage to corporations from Internet-based risks, and more generally from risks relating to information technology infrastructure, information privacy, information governance liability, and activities related thereto.
The Global Business Travel Association's education and research arm, the GBTA Foundation. found in 2015 that most businesses covered by their research employed travel risk management protocols aimed at ensuring the safety and well-being of their business travelers. [64] Six key principles of travel risk awareness put forward by the association ...
A MEC is a life insurance policy that has received excessive deposits over the first seven years of its existence. Violating the seven-year rule produces an irrevocable change to the policy and it ...
The Insurance Act of 1938 [6] was the first legislation governing all forms of insurance to provide strict state control over insurance business. Life insurance in India was completely nationalized on January 19, 1956, through the Life Insurance Corporation Act. All 245 insurance companies operating then in the country were merged into one ...
7 common types of small business insurance. A customer visits your store and slips and breaks his arm while browsing the store aisles. A fire breaks out and spreads to your warehouse, destroying ...
An insurance broker will need the same information as any insurance professional, including info about the insurance products you need and your personal details.
Uberrima fides is strictly limited in English law to the formation of the insurance contract. [5] During the mid-20th century, American courts expanded it much farther into a post-formation implied covenant of good faith and fair dealing. Violation of that implied covenant came to be seen as a tort, now known as insurance bad faith. [5]
In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for an initial payment, known as the premium, the insurer promises to pay for loss caused by perils covered under the policy language.