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Insurance companies also issue another type of temporary insurance, which is deferred temporary insurance, according to which the insurance company is obliged to pay the amount of insurance specified in the policy to the beneficiary or beneficiaries specified in the policy in the event of the death of the insured …

Life insurance concept: Life insurance means insurance that covers material losses arising from the realization of the phenomenon of death or reaching a certain age (life) or both (death and life). Consequently, life insurance is one of the life risk management policies for the individual to face the financial loss …

The risks covered by life insurance policies have several features that distinguish them from other insurance policies. The following are the most important of these features: 1. In the event that the risk of death is covered, we find that the document does not cover the accident of death per …

Life insurance concept: Life insurance means insurance that covers material losses arising from the verification of the death phenomenon or reaching a certain age (life) or both. Consequently, life insurance is one of the life risk management policies for the individual to face the financial loss arising from the realization …

First – direct losses: They are the losses resulting directly from the fire, and they cause the asset at risk of fire and lead to a decrease in its value or its death. Direct losses include: 1. Natural losses of fire: They are the losses that arise as a result …

The definition of fire in the insurance sense: The fire is every apparent ignition accompanied by flame and heat, and it arises involuntarily on the part of the owner of the danger, and results in a financial loss. From this definition we find that there are some conditions that must …

The most important characteristic of the previous definition is that it brings together all the main characteristics of insurance: a. Collect losses B. Danger shift C. Accidental loss compensation The origin and development of insurance A follower of the origin of the insurance and its development finds that the insurance …

Insurance master: There are many definitions of insurance, and in fact these definitions benefit insurance greatly, as by examining these definitions among themselves, they eventually reach a comprehensive and comprehensive definition of insurance. Defining the statutory insurance: A distinction must be made between three different legal categories when examining the …

Insurance has multiple jobs that have a positive return not only for the ordinary individual, but also for the individual community. The importance of insurance is evident through the following main functions. Insurance is a safety tool and a vehicle for the formation of neglected capital that contributes essentially to …

The executive regulations of the Insurance Companies Control Law were defined as “shifting the burden of risks from the insured to the insurance companies” and the insurance aims from “returning the insured to his financial position immediately before the loss.” And the contemplative of the insurance market finds there are …