The searching for a whereabout of the right to claim insurance money in Group Insurance Contracts - focus on the case 2020. 2. 6, 2017da215728 -

2020 ◽  
Vol 33 (3) ◽  
pp. 123-156
Author(s):  
Moon-jae Kim
Keyword(s):  
Insurance Contracts ◽  
Group Insurance ◽  
The Right

scholarly journals Dynamic decision problems in an insurance company

1968 ◽  
Vol 5 (1) ◽  
pp. 118-131 ◽  
Author(s):  
Karl Borch
Keyword(s):  
Insurance Contract ◽  
Decision Problems ◽  
Insurance Company ◽  
The Public ◽  
Insurance Contracts ◽  
Preceding Paragraph ◽  
Frame Work ◽  
The Right ◽  
Made In ◽  
Total Payment

1.1. — In this paper we shall consider some of the decisions which have to be made in the normal course of business in an insurance company. We shall see that the “right” decisions can be found only when the problems are analysed in their proper dynamic context.As examples of the decision problems which we shall study, we can mention the following:(i) What premium rates should be quoted on the insurance contracts, which the company offers to the public?(ii) How much should the company spend to promote the sale of its policies?(iii) When should the company refuse to underwrite a proposed insurance contract?(iv) How shall the company reinsure its portfolio of insurance contracts?(v) What reserve funds should an insurance company keep?(vi) How shall the company's funds be invested?Any actuary will be familiar with such problems, and he will probably feel that these problems cannot be satisfactorily solved with the methods offered by the classical actuarial theory.1.2. — In some earlier papers [I] and [2] it has been argued that such problems can best be solved in the frame work of utility theory. As an illustration we shall take Problem (iii) in the preceding paragraph, and consider an insurance company in the following situation:(i) The company has a capital S.(ii) The company holds a portfolio of insurance contracts which will lead to a total payment of x to settle claims. F1(x) is the distribution of the variate x.

scholarly journals Ugovor o obaveznom osiguranju u međunarodnom privatnom pravu

2021 ◽  
Vol 20 (01) ◽  
pp. 8-23
Author(s):  
Mariusz Fras
Keyword(s):  
International Law ◽  
European Countries ◽  
Private International Law ◽  
Insurance Contracts ◽  
Cross Border ◽  
Compulsory Insurance ◽  
The World ◽  
Group Insurance ◽  
Rome I

Compulsory insurance is present in a vast majority of countries in the world and in all European countries. As international legal relations increasingly intensify, the market of cross-border insurance is also expanding. Despite entry into force of the provisions of the Rome I Regulation and the oncoming reform of the Brussels I bis Regulation, the European private international law, to the extent it governs compulsory insurance, is still a compromise. In the absence of a clear regime under the Rome I Regulation, doubts are still raised by the question of the pursuit for law applicable to group insurance contracts.

THE DEFERRAL OPTION IN LONG-TERM-CARE INSURANCE

2002 ◽  
Vol 16 (1) ◽  
pp. 101-119
Author(s):  
Esther Frostig ◽  
Doron Kliger ◽  
Benny Levikson
Keyword(s):  
Long Term Care ◽  
Transition Probabilities ◽  
Term Care ◽  
Common Assumption ◽  
Factors Affecting ◽  
Insurance Contracts ◽  
Risk Of Death ◽  
Long Term Care Insurance ◽  
The Right

Long-term-care (LTC) insurance contracts provide the insured with different benefits for several nursing care levels, for a limited number of benefit eligibility periods. A common assumption in pricing these LTC contracts is that the insured will exercise the right to claim benefits as soon as the eligibility conditions are satisfied. This assumption, however, may contradict the insured's optimization, as it might be worthwhile not to claim when in low care levels and, by doing so, save the option of claiming higher (more expensive) care levels in the future. We term this option of the insured as the deferral option. The consequence of the traditional pricing (i.e., of ignoring the deferral option) is unexpected losses to the insurer. The factors affecting the deferral option's value are the risk of death, the discount factor, the benefit levels of the different care levels, and the transition probabilities between the different care levels.

scholarly journals The Group Insurance Contract in Private International Law

2019 ◽  
Vol 66 (3) ◽  
pp. 507-535
Author(s):  
Mariusz Fras
Keyword(s):  
Member State ◽  
International Law ◽  
Private International Law ◽  
Legal Regime ◽  
Conflict Of Laws ◽  
Insurance Contracts ◽  
Group Insurance ◽  
The Subject ◽  
Rome I ◽  
Insurance Agreement

Abstract The provisions on obligations under insurance relationships included in Article 7 of the Rome I Regulation are relatively complicated. However, although individual insurance contracts have their own legal regime in each Member State, only a few national legislators have decided to lay down the consequences of concluding a group insurance agreement. The Rome I Regulation does not include any special conflict of laws rule concerning group insurance contracts, which has been criticized in the literature on the subject.

Group Life Insurance.

1983 ◽  
Vol 26 ◽  
pp. 103-129
Author(s):  
J. Lockyer
Keyword(s):  
Life Insurance ◽  
Insurance Industry ◽  
Private Pension ◽  
Theoretical Development ◽  
Technical Problems ◽  
Insurance Contracts ◽  
Life Insurance Industry ◽  
Present Practice ◽  
Group Life ◽  
Group Insurance

Group life insurance has attracted little formal discussion in British actuarial circles. Perhaps this is not so surprising. The technical problems posed by group life insurance seem relatively straightforward. Furthermore, there is little doubt that the evolution of present practice has been moulded more by pragmatism than strict theoretical development. None the less, group life insurance is an important sector of our life insurance industry. Figures produced by the Life Offices' Association reveal that in 1980 approximately 7½ million people were covered under group insurance contracts for a total sum assured of the order £63 billion. The development of the group insurance industry in this country has been closely associated with the expansion of private pension provision. Group life cover was seen as an inseparable, but very much secondary, adjunct to the more lucrative field of pensions business. However, over the last decade it has become more likely that a group life scheme will be tendered independently of any related pension business. Thus, the point has long been reached where the underwriting of group life business must be considered as a subject in its own right.

scholarly journals Withdrawal from a contract for insurance coverage concluded remotely

2019 ◽  
Vol 2 (52) ◽  
pp. 29-45
Author(s):  
Marta Anna Szwarczyńska
Keyword(s):  
Insurance Coverage ◽  
Case Law ◽  
Insurance Contracts ◽  
Legal Relationship ◽  
Group Insurance ◽  
Distance Communication ◽  
Multi Stakeholder

The multi-stakeholder nature of group insurance contracts triggers various types of connections between the actors in this legal relationship. This is best illustrated by the contract for insurance coverage, which is a separate agreement transacted between the insured and policyholder, but intrinsically linked with group insurance. The aim of this article is to discuss the selected aspects of contracts for insurance coverage. Particular emphasis is put on the insured's right to withdraw from the contract if it was concluded by means of distance communication. The considerations in this respect include examples deriving from case-law practice.

scholarly journals The European Context of the Group Insurance Contract

2020 ◽  
pp. 179-231
Author(s):  
Mariusz Fras
Keyword(s):  
Comparative Law ◽  
Insurance Contract ◽  
Insurance Law ◽  
European Context ◽  
Insurance Contracts ◽  
Legal Relationship ◽  
Separate Branch ◽  
Legal Nature ◽  
Group Insurance ◽  
And Performance

The entirety of norms on the relations connected with conclusion and performance of insurance contracts make up economic insurance law. Because of its objective homogeneity, it is generally treated as a separate branch of law. From the dogmatic perspective, its permanent element are group insurance contracts. However, the results of a comparative law research allow to draw the conclusion that in a substantial numberof legal systems the term “group insurance” is not to be found in normative acts. In the literature, multiple attempts were made to expound the legal nature of the group insurance contract. Still, there is no consensus as to the nature of the legal relationship arising from conclusion of a group insurance contract. The article concerns the proposal of normative regulation of group insurance contract.

scholarly journals Group Insurance and Reinsurance Business in the Legal Relations with an International Element

2016 ◽  
Vol 16 (2) ◽  
pp. 209-220
Author(s):  
Petr Dobiáš
Keyword(s):  
Legal Regulation ◽  
Contract Law ◽  
Insurance Contract ◽  
Legal Regulations ◽  
Insurance Contracts ◽  
Group Insurance ◽  
European Insurance ◽  
Conflict Of Law

Summary Currently, no internationally unified legal regulation of group insurance contracts and reinsurance contracts is available. As a result, a national legal regulation determined according to conflict-of-law rules is applied to both types of contracts in legal relations with an international element. The differences between national legal regulations could be overcome through the application of optional instruments, namely the Principles of the European Insurance Contract Law and the Principles of Reinsurance Contract Law.

scholarly journals The Problem of Multiplicity of Insurance Contracts from the Fire to the Money of the Insured in the Jordanian Civil Law

2017 ◽  
Vol 6 (10) ◽  
pp. 39
Author(s):  
Dr. Nabeel Farhan Al Shatanawi
Keyword(s):  
Civil Law ◽  
Good Faith ◽  
Insurance Companies ◽  
Insurance Company ◽  
Bad Faith ◽  
Insurance Contracts ◽  
Insurance Cover ◽  
Legislative Regulation ◽  
The Right

<p>The insured, in some cases the conclusion of more than a decade of insurance against risk of fire to more than insurance companies, so as to increase the total amount of insurance cover for the value of the money of the insured, what is the extent of commitment by all insurance companies to pay compensation when the risk of fire? This study sheds light on the position of the Jordanian legislature to demonstrate the shortcomings and imperfections in the drawback of legislative texts the issue of multiple insurance contracts from the fire, and realized the need to restore the Jordanian legislature consideration of this legislative regulation in terms of the need to distinguish between the insurer and the good faith and bad faith in the case of multiple insurance contracts and their impact on the right to obtain compensation when the danger, and the provisions of the commitment of the insured to notify the insurance company in multiple insurance contracts.             </p><p dir="rtl" align="center"> </p>

Group Insurance after the Entry into Force of the Insurance Distribution Act

2019 ◽  
Vol 1 (98) ◽  
pp. 3-16 ◽  
Author(s):  
Marcin Orlicki
Keyword(s):  
Insurance Contracts ◽  
Group Insurance ◽  
Legal Position

The article discusses the principles of the conclusion and execution of group insurance contracts after the entry into force of the Insurance Distribution Act. It particularly analyzes the legal position of the insured (the problem of recognizing them as clients), the scope and shape of the policyholder’s and distributor’s obligations, as well as the responsibility of the policyholder for non-fulfilment or improper fulfilment of these duties.

Sign in / Sign up

Export Citation Format

Share Document