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    Gospel Music praise and worship songs 2019 - Best Christian music 2019 collection of Gospel songs

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    An advertising poster for a Dutch insurance company from c. 1900–1918 depicts an armoured knight.
    Financial market participants
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    Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

    An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.

    The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured. The amount of money charged by the insurer from the insured for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risk, especially if the primary insurer deems the risk too large for it to carry.


    Contents
    1 History
    1.1 Early methods
    1.2 Modern insurance
    2 Principles
    2.1 Insurability
    2.2 Legal
    2.3 Indemnification
    3 Social effects
    3.1 Methods of insurance
    4 Insurers' business model
    4.1 Underwriting and investing
    4.2 Claims
    4.3 Marketing
    5 Types
    5.1 Auto insurance
    5.2 Gap insurance
    5.3 Health insurance
    5.4 Income protection insurance
    5.5 Casualty insurance
    5.6 Life insurance
    5.7 Burial insurance
    5.8 Property
    5.9 Liability
    5.10 Credit
    5.11 Other types
    5.12 Insurance financing vehicles
    5.13 Closed community and governmental self-insurance
    6 Insurance companies
    6.1 Mutual versus proprietary
    6.2 Reinsurance companies
    6.3 Captive insurance Companies
    6.4 Other forms
    6.5 Admitted versus non-admitted
    6.6 Insurance consultants
    6.7 Financial stability and rating
    7 Across the world
    7.1 Regulatory differences
    8 Controversies
    8.1 Does not reduce the risk
    8.2 Insurance insulates too much
    8.3 Complexity of insurance policy contracts
    8.4 Limited consumer benefits
    8.5 Redlining

    Category
    worshp
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