Declarations Declarations Statements which identify the person or persons or organisations which are tainted, which contain information on the risk of damage and which form the basis for the award of the contract and the fixing of the premium. are statements that identify the person(s) or organisations covered by the contract, provide information on the burden of damage and provide the basis for the award of the contract and the setting of the premium. This information may be obtained orally or in writing. The Statements section may also include the period of coverage and limitation of liability. (The latter point may also be present in other parts of the treaty.) Liability policies generally exclude damage or loss of property of others in the care, retention or control of the insured, since non-life insurance can protect the owner against any loss due to fire or other risks. Other potential losses, such as damage to clothing that is chemically cleaned, is considered a business risk requiring dry cleaning skills. Insurers do not want to take the risk of losses caused by poor transformation or mismanagement. To obtain a copy of your insurance policy, please contact your insurance agent or company. Therefore, while each insurance policy contains the elements described in Figure 10.1 “Links between the overall risk puzzle and the insurance contract”, exclusions are the part that requires further study. The exclusions within the exclusions in some directives are like a maze.
Not only do we need to ensure that we are covered by our overall risk view for each risk, but we also need to ensure that no area remains covered by exclusions. At this point, you should begin to understand the complexity of compiling the risk management puzzle to ensure completeness. ==Jackson was very pleased to learn that the agent was saying that she was insured at the time she concluded the claim and was paying the agent the first monthly premium for health insurance. A. J. had already had some health issues and really didn`t expect to be covered until she had been physically active and received a notification from the company. The officer said that the conditional file was crucial for immediate coverage. “Of course,” says the agent, “this coverage may be limited until the company accepts or rejects your application.” The officer again congratulated A. J. on his decision.
The next morning, A. J. began to wonder exactly what kind of reporting she had, if at all. These parts are usually marked by titles in the Directive. (A section titled “Definition” is also becoming common.) However, sometimes they are not displayed as prominently and it is much more common to have explicit section names in damage/accident contracts than in life/health contracts. However, their general intent and nature have the same effect….