Some companies let you use your life insurance death benefit to pay for
specific conditions such as terminal illness or for qualified long-term care
expenses such as home health care, assisted living or nursing home care. A
life insurance death benefit you use while you are alive is known as an
accelerated death benefit. A life insurance policy that uses an accelerated
death benefit to pay for long-term care expenses may also be known as a
“life/long-term care” policy. It may be an individual or a group life
The relationship with local governments and local communities is a new
concept accompanying the idea of decentralization. In Bolivia, citizen
participation is a condition for receiving fund support. Not only is it a
condition, but increasingly municipalities have to cofinance projects. Cen-
tral governments are transferring resources to the municipalities, and
citizen participation decides which projects the municipality wants to
cofinance. Cofinancing is realigning the funds with communities, and it
is helping them to prepare development plans....
Given the importance of the insurance sector, its potential for growth, rapidly emerging
trends within the sector including the trend towards liberalization of insurance services, it
is essential to clearly understand the challenges and opportunities that arise from both the
development of the insurance sector as well as its liberalization for developing countries.
This chapter explain the concept of risk and the basics of insurance underwriting; discuss the primary reasons for life insurance and identify those who need coverage; calculate how much life insurance you need; distinguish among the various types of life insurance policies and describe their advantages and disadvantages;...
Chapter 22: Title, risk of loss, and insurable interest. After reading this chapter, you will be able to answer the following questions: What is the concept of title? How does it pass? What is insurable interest? What are the different kinds of sales contracts, and how does each type affect title passing, risk of loss, and insurable interest?
Finance has become one of the most important and popular subjects in
management school today. This subject has progressed tremendously in
the last forty years, integrating models and ideas from other areas such as
physics, statistics, and accounting. The financial markets have also rap-
idly expanded and changed extensively with improved technology and the
ever changing regulatory and social environment.
As was mentioned previously, the times and business priorities are changing
at a rapid pace: no longer do organisations aspire to profit for shareholders
alone – they are increasingly answerable to other stakeholders. As a result of
regulatory and media pressure, in particular, best practice, transparency, open-ness and fair play are needed to be successful and sustainable in business.
While traditional concepts still exist and are referred to in this handbook, new
meanings are also developing.
The United States has seen major advances in medical care over the past decades, but
access to care at an affordable cost is not universal. Many Americans lack health care insurance
of any kind, and many others with insurance are nonetheless exposed to financial risk because of
high premiums, deductibles, co-pays, limits on insurance payments, and uncovered services. One
might expect that the U.S. poverty measure would capture these financial effects and trends in
them over time.
Initially the concept of “marketing to children” is defined;
examples of marketing techniques are provided and an
explanation given as to how marketing works and who
is involved. Policy development is then described in a
“step-by-step” process, starting with what is required for
a situation analysis and moving to the pros and cons of
adopting a comprehensive or stepwise policy approach;
which children need protection; what communication
channels and marketing techniques to target; and what
foods should be included or excluded.
From the perspective of behavioral economics, rationality is bounded by asymmetrical preferences. Consider, for example, status quo bias. Samuelson and Zeckhauser (1988) reported that when Harvard University changed some of the health insurance options it offered employees, newly hired personnel were more likely to enroll than were people already on the university’s payroll; those employees generally chose to keep their current plans. The appeal of the status quo can be explained, in part, by the concept of loss aversion.
The fact that entrepreneurs may insulate workers’ earnings from shocks in the prod-
uct market has long been recognised as an important determinant of the dynamics
of wages. The rationale for such an insurance ultimately rests on the concept of
implicit labour contracts originated by Azariadis (1975), Baily (1974) and Gordon
(1974). A central empirical implication is that contract wages may entail implicit
payments of insurance premiums by workers in favourable states of nature and the
receipt of indemnities in unfavourable states....
Technology is changing the qualifications required to perform both clinical and administrative allied health duties. Students entering the job market today must be familiar with the ways in which technology is used to perform on-the-job tasks. In particular, the understanding of electronic health records is essential. This text integrates the presentation of concepts with the opportunity to gain hands-on experience working with a simulated EHR software, Practice Partner.
This issue also comes up with the valuation of difficult to estimate insurance liabilities.
While a value may be estimable by an actuary, how reliable is that estimate? Can the user
depend on that value, or could the user instead be materially misled by relying on that
value? If a range of estimates could be produced, but only the low end of the possible
valuation range could be reliably determined, booking the low end of the range may pro-
duce a reliable estimate but how relevant would it be? Would more disclosure be required
to make the...
The gross production / consumption loss: The costs of additional mortality cases are
assessed according to the loss in income / production or the loss of consumption. This
valuation concept - sometimes refered as discounted future earnings - is based on the loss
resulting from a premature death for the economy as a whole. It is a concept based on the
general society, without regarding the individual difference in valuing lower or higher
risks of mortality or fatal accidents.
Uncertainty over the occurrence of the event may take various forms.
Under some insurance contracts the insured event occurs during the period
of cover specified in the contract, even if the resulting loss is discovered
after the end of this period of cover. For others the insured event is the
discovery of a loss during the period of cover of the contract, even if the
loss arises from an event that occurred before the inception of the contract.
The definition of an insurance contract distinguishes insurance contracts that are
subject to IFRS 4 from those contracts that are subject to IAS 39. Some contracts,
however, contain both an insurance component and a deposit component.
The deposit component of an insurance contract is defined as a contractual
component that is not accounted for as a financial instrument under IAS 39,
but that would be within the scope of IAS 39 if it were a separate instrument.
In the body of research investigating students’ attitudes towards interacting with other
students in online and distance education courses, there are some studies that report
overwhelmingly positive attitudes. For example, O’Reilly and Newton (2002) found
the majority of their 90 survey respondents highly valued interaction with peers and
reported a wide range of benefits including mutual support, friendships, a reduced
sense of isolation and new insights into the concepts being studied. Yildiz and Chang
(2003) similarly reported that most...
The idea of collaborative science, and of appropriate attribution to previous work, vary greatly from culture
to culture. In some cultures, the reference to another researcher’s concepts must be cited even when not
quoting a previously published work directly. In other cultures, copying entire sections of another’s work and
incorporating them into one’s own is an acceptable way of demonstrating the influence of that prior work.
Reconsider the situation described for Exercise 2.26 under the assumption that
one bank is in the United States and the other is in Canada. As before, the
banks use the schema of Figure 2.22, except that the Canadian bank uses the
social-insurance number assigned by the Canadian government,whereas the U.S.
bank uses the social-security number to identify customers.What problems (be-
yond those identiﬁed in Exercise 2.24) might occur in this multinational case?
How would you resolve them? Be sure to consider both the scheme and the ac-
tual data values in constructing your answer....
Motion capture methods offer advantages and disadvantages. Let us consider the case of human
walking. A walking motion may be recorded and then applied to a computer-generated 3D
character. It will provide a very good motion, because it comes directly from reality. However,
motion capture does not bring any really new concept to animation methodology. For any new
motion, it is necessary to record the reality again. Moreover, motion capture is not appropriate
especially in real-time simulation activities, where the situation and actions...