ChatterBank1 min ago
Why Cant Insurance Companies Act In Good Will Rather Than To The Letter Of Laws?
8 Answers
The Act was well intention ed but immediately they find a way to circumnavigate it, to their advantage of course.
http:// www.dai lymail. co.uk/m oney/bi lls/art icle-45 35060/A dmiral- hiding- real-pr ice-hik es.html
http://
Answers
Best Answer
No best answer has yet been selected by youngmafbog. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.sorry i thought this said 'good faith'
hur hur hur - a pun - insurance contract are at ultimate faith - uberima fidei - they are held to the contract unless there is mistake fraud or misrepresentation
well YMF dont study history - if you start now it is probably too late
BUT the first regulation was around 1700 ( this is insurance law history just in case you were wondering) and that was because the Life Houses were showing keenness to take premiums - but not to pay out
and the result is Regulation History - got everywhere
( oh that doesnt count loaves of bread or adulteration of beer which goes back to Saxon times)
Isaac Newton was the first to be employed to compile life tables by the way ( sort of actuarial history)
There ARE honest insurance agent s but I have yet to meet one.
hur hur hur - a pun - insurance contract are at ultimate faith - uberima fidei - they are held to the contract unless there is mistake fraud or misrepresentation
well YMF dont study history - if you start now it is probably too late
BUT the first regulation was around 1700 ( this is insurance law history just in case you were wondering) and that was because the Life Houses were showing keenness to take premiums - but not to pay out
and the result is Regulation History - got everywhere
( oh that doesnt count loaves of bread or adulteration of beer which goes back to Saxon times)
Isaac Newton was the first to be employed to compile life tables by the way ( sort of actuarial history)
There ARE honest insurance agent s but I have yet to meet one.
No they exist to contract to pay out when a risk matures
The tension is that they like the premiums and they dont like paying out.
I am one of those who insure the very greatest dangers and never claim. others insure for everything and constantly claim - and continually have a fight over it
it comes out equal in the end
not surprisingly every claim I have made has been investigated
The tension is that they like the premiums and they dont like paying out.
I am one of those who insure the very greatest dangers and never claim. others insure for everything and constantly claim - and continually have a fight over it
it comes out equal in the end
not surprisingly every claim I have made has been investigated
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.