This page has been robot translated, sorry for typos if any. Original content here.

Glossary of Insurance Terms

And the Varia commissioner is a specialist who, on behalf of the Insurer, determines the cause, nature and extent of losses and issues an emergency certificate.

Addendum - an additional document to the Insurance Contract, which indicates changes in the conditions of insurance.

Accident Act - a document drawn up by the administration and committee of a trade union of an enterprise or organization if an accident has occurred with their employee related to the performance of official duties. In cases with a passenger, the corresponding document is drawn up on transport. If the victim is insured against accidents, the act will be sent to the insurance company in order to arrange insurance payments.

Abandon - the insurer's refusal from property damaged in an insured event in favor of the insurer

Addendum - A supplementary agreement to the insurance contract that supplements or modifies its terms.

Agency agreement - an agreement between the principal (Insurer) and the agent (Travel Company), which determines the nature and scope of the order, which the agent undertakes to execute at the expense and on behalf of the principal for a certain fee.

Act - an insurance document drawn up by an insurance company in the presence of an insured event

Underwriter - the person responsible for concluding insurance contracts

Cancellation cancellation, termination, invalidation .

Lease payment for property provided on a temporary basis.

An actuary is an officially authorized specialist who, using mathematical statistics methods, calculates insurance rates.

Underwriter is a highly qualified and responsible specialist of the Insurer, authorized to carry out the necessary procedures for considering the propositions and accepting risks for insurance (reinsurance).

Assistance - a list of services (under an insurance contract) that are provided at the right time through medical, technical and financial assistance. It is widely used in foreign countries to ensure the safety of travelers traveling abroad (in case of illness, accident).


Beneficiary - an individual or legal entity in whose favor the Policyholder has entered into an insurance contract, a third party is a beneficiary under an insurance contract.

Bonus Malus is a system of allowances and discounts used in insurance.

The basic program of compulsory medical insurance - a list of medical services approved in the established manner that are guaranteed to all insured in the system of compulsory medical insurance in the event of an insured event

Bordero - a documented list of risks accepted for insurance and subject to reinsurance

Beneficiary - The de facto voluntary retiring of the policyholder. It is sometimes understood as: A third party indicated in the insurance policy by the policyholder as the recipient of insurance compensation or insurance amount.

Bonus - Zhivets bait when catching the policyholder in the muddy waters of the Russian economic swamp. Sometimes they understand how: Monetary amounts that are distributed or assigned to policyholders with participation in the company's profits.

Bordero - (from another Roman " bordel ") A roll- call list of bordel employees transferred to another bordel . Sometimes they understand how: a list of insurance risks transferred to reinsurance under an obligatory reinsurance agreement, sent by the assignor to the reinsurer.

Gross Bet - The last stronghold of Brutus. Sometimes they understand how: Part of the insurance tariff, including the costs of the insurer to conduct business, agent fees, deductions to the preventive measures fund and the insurer's profit.

To the beneficiary (beneficiary), a legal entity or individual appointed by the policyholder to receive insurance compensation or compensation under an insurance contract.

The probability of an insured event A quantitative description of the possibility of future events occurring in which an insurance indemnity or insurance amount is paid. V.S.S. determined based on statistics.

Contribution insurance insurance premium: the amount paid by the policyholder to the insurer for the latter's obligation to compensate for material damage caused to the insured person or his property, or to pay the insurance amount upon the occurrence of certain events in the life of the insured

The insurance premium can be refunded if the insurance has not taken place and the insurer does not bear any responsibility, as well as by agreement between the insurer and the policyholder

Renewal of insurance conclusion of an insurance contract for a new term without interruption (extension) or by supplementing the existing special application

The age of the insured is the main factor influencing the risk of illness (including death) and the need for medical services. In addition, when determining the tariff rate, the lifestyle and health status of the insured is taken into account


Group insurance On the bottom of the two terrible legacies of socialism ( household and group sex ). Insurance for a group of people with similar interests. The group policy is issued to the employer or other representative of the group, and each member of the group receives a certificate confirming the fact of his insurance.

Civil liability liability of the insured to third parties for the damage that he may bring to their health, life and / or property. Civil liability may also occur in the event of an unintentional offense or violation of contractual obligations.

Guarantee is a form of a written guarantee, a document issued by an insurance company confirming the solvency of the company that issued the guarantee.

Guarantor guarantor. The state, enterprise, institution, company or person giving a guarantee in any way.

Insurance contract - a written agreement between the Policyholder and the Insurer, according to which the Insurer undertakes obligations in the event of an insurance event to make an insurance payment to the Policyholder or another person specified in the insurance contract.

Dividend - Something small that is shown to everyone for decency. Part of the insurer's net profit distributed among shareholders in proportion to the number of shares held by them

Power of Attorney - Gives authority to the representative of the insurer, who can be BELIEVED before the insured event, and after that - there is no faith in them. Written authorization issued by one person to another person for representation before third parties

Dispatcher Wet insurance cop . The person who conducts the investigation and discusses the procedure for resolving claims for compensation.

Voluntary insurance is a form of insurance; arises only on the basis of a voluntary contract between the insurer and the policyholder

Green card is a system of international treaties and an insurance certificate on civil liability insurance of vehicle owners who travel to countries that are members of this system.

Insured person - an individual in whose favor a life and / or health insurance contract has been concluded.

Green card - a system of international treaties on compulsory insurance of civil liability of vehicle owners traveling to countries members of this system.

Application for insurance - the will of an individual or legal entity to conclude an insurance contract.

And property insurance is an insurance industry in which the property of legal entities or individuals serves as the insurance object.


To ASKO insurance of vehicles (ships, aircraft, cars). It does not include insurance of passengers, property being transported, liability to third parties, etc.

Cargo   (from rug . "Cargo") A specific type of insurance for the contents of avosek of harmful old-timers. Cargo insurance; general name of the goods.

Combined insurance - comprehensive insurance for several types of insurance, which guarantees one insurance policy.

Insurance commission - monetary remuneration paid by the insurer to intermediaries for attracting entities for insurance, preparation of insurance documentation, etc.

Licensing A charming woman, without whom a true insurer is indecent and dangerous to appear in a decent insurance company. License for insurance activities issued by the Department of the Ministry of Finance for Supervision of Insurance Activities.

The limit of liability of the insurer is the maximum possible liability of the insurer arising from the conditions of the concluded insurance contract. This limit is fixed in the insurance policy and is called the "insurance amount".

License for insurance activities A document of a standard form issued by an official institution certifying the right of its owner to carry out insurance activities in the country

Personal insurance is the insurance industry in which the object of insurance relations is a person’s life, health and ability to work.

Medical insurance - a type of personal insurance in case of loss of health from illness or accident.

Motor (Transport) Insurance Bureau of Ukraine (MTIBU) is a form of association of insurers that insure civil liability of land vehicle owners.

No net rate ( jargon for "wrong rate") The part of the insurance premium to which the proverb applies: "The eye sees, but the hand is not ym ± t ." The portion of the insurance rate used to form insurance reserves and benefits.

Accident - a fire, traffic accident, accident, chemical poisoning or other action that caused the death or disability of the Insured, damage or destruction of the insured property.


About insurance objects taken for insurance property of the owner; liability for damage to life, health and / or property of third parties; medical expenses; life and health.

Insured Item - a specific property interest of the Insured or the Insured Person (property, liability to third parties, life and health, etc.) to which damage may be caused by a natural occurrence, accident or other insurance action . property interests not contradicting the legislation of Ukraine related to life, health, working ability and pension provision of the insured or the insured person.

Compulsory insurance is one form of insurance in which insurance relationships arise by force of law

Risk assessment natural-material and cost analysis of all risk circumstances characterizing risk parameters

Penalty is a limited measure imposed on the debtor-insurer by force of law to force him to fulfill his obligations to pay the insurance premium

Reinsurance is a system of economic relations, in which the insurer, taking risks for insurance, transfers part of the responsibility for them to other insurers on agreed terms to create a balanced insurance portfolio and ensure insurance operations . o operation between two insurance companies, in which one of them (assignor) transfers on its behalf for a certain fee part of the risk under an agreement concluded with the Policyholder to another company (reinsurer).

The policy is an insurance document certifying the conclusion of an insurance contract. The right to recourse the right of the insurer to receive, in the reverse order (recourse) procedure from third parties guilty of causing damage, the amounts paid as insurance compensation for the claim of the insured in accordance with the insurance contract.

The insurance premium is the name of the insurance premium (insurance payment) used in international practice.


The insurance period is the start and end dates of the insurance contract.

Pool A voluntary association of medium-sized companies with the goal of smashing insurance monsters in the paws at least once. Association of insurers to insure large risks.

Regress - the right of the insurer to nominate within the framework of the amount actually paid to the Policyholder for damages / claims to the third party that is guilty of the insured event, in order to receive compensation from it for the damage caused.

Retrocessionaire (from lat. Retro) Old-age cautious reinsurer. A company that has accepted the risk of reinsurance and has again transferred part of it to another insurer or reinsurer.

Retrocession The amount promised to the company 40-50 years ago. Reinsurance accepted reinsurance.

Insurance risk is a probable event or their combination, in case of occurrence of which insurance is carried out.


With the fucking About the bottom of the directions of the Thickness, when the insurer for a fee (insurance premium) exposes his cheek under all the slaps that are due to the insurance body from anyone. Relations to protect the property interests of individuals and legal entities upon the occurrence of certain events (insured events) at the expense of cash funds formed from the insurance premiums (insurance premiums) paid by them .   a system of economic relations, a set of forms and methods of forming trust funds and their use for redress under various adverse conditions (insured event), as well as to assist citizens and (or) their families in the event of certain events in their life (injury, disability, death, etc.).

                       

Insurance payment An event that causes a rash and convulsions from the insurer, for it is said: “You take strangers, give your own ...” In the case of an insurance event with property, the insurance payment is made in the form of insurance compensation, in the case of an insured event with the identity of the insured or a third party - type of insurance coverage.

Insurance indemnity - the amount of compensation that the insurer pays to the Policyholder for damage caused to the Insured by an insured event.

Insurance indemnity is a mechanism for financial compensation to the insured of actually incurred expenses, which may be in the form of:
- cash payments;
- repair;
- replacements;
- recovery

Insurance Act On one of the methods of violence against the insurer by the insured. The obligation to protect lies with the insurer. A document drawn up by the insurer when it recognizes the occurrence of an insured event and serves as the basis for the payment of compensation.

Insurance broker A trump card for any insurance deck, regardless of the form of ownership and content of the portfolio. Legal entities or individuals, registered in the established manner as entrepreneurs, engaged in insurance intermediary activities on their own behalf on the basis of instructions of the insured or insurer.

Insurance portfolio A portfolio full of fear, surprises and troubles for the insurer. The set of risks taken by the insurer at its own risk.

Strakholyudina Employee of the life insurance department of an insurance company. Unbeatable human being.

Insurance term - the time interval during which the insurance contract is valid.

Policyholder - an individual or legal entity that has entered into an insurance contract with an insurer (insurance company).

Insurer - a financial institution

Insurance payment (insurance premium, insurance premium) - the insurance fee that the Policyholder is required to pay to the insurer, according to the insurance contract.

Sum insured - the amount of money within which the insurer, in accordance with the terms of the insurance, is obligated to make payment upon the occurrence of an insurance event to the Insured.

Insurance risk is a possible event for which insurance is carried out and has signs of probability and accident occurrence.

Insurance rate - the rate of insurance payment per unit of the sum insured for a certain insurance period.

Insured event - an event stipulated by the insurance contract or the Legislation that occurred and upon the occurrence of which the obligation of the insurer arises to pay the insurance amount (insurance indemnity) to the Policyholder, Insured person or other third party.

Insurer (insurance company ) - a financial institution that has received in the prescribed manner a license to carry out insurance activities.

Insurance term is the time interval during which the insurance contract is valid.

The policyholder is an individual or legal entity that has entered into an insurance contract with the insurer (insurance company).

Insurance premium (insurance payment, insurance premium) payment to the insurer for the provision of insurance coverage in accordance with the insurance contract.

Sum insured (liability limit) is the amount specified in the insurance contract, within which the insurer agrees to make a reimbursement.

An insurance event (insured event) is an event whose losses from the occurrence of which are covered by the insurance contract.

Insurance risk   possible event resulting in damage to property and / or life, health.

Insurance rate fee to the insurer for the provision of insurance coverage, expressed in percent of the sum insured.

The degree of risk is the probability of an insured event taking into account the amount of possible damage. Reflects the amount of liability of the insurer for the obligations assumed under the insurance contract.

Baggage insurance is a type of property insurance that is carried out separately or in combination with insurance of other objects under another contract.

Liability insurance is a type of insurance where the object is the liability of the insured under the law to third parties who may be harmed (damage).

Accident insurance is a type of personal insurance that provides for the payment of a certain amount of money by an insurance company in case of disability or in the event of death caused by adverse accidental events in a person's life.

Travel insurance is a type of insurance that provides insurance coverage for citizens during their stay on the trip. Apart from life insurance of tourists, it may also include insurance of their property and liability.

An insurance agent is an official performing operations on behalf of an insurance company to conclude insurance contracts with legal entities and individuals.

The insurance premium (payment) is the amount paid by the insurer to the insurer for the last obligation to compensate the material damage caused to the insured person or to pay the insurance amount in the event of a certain insured event.

Insurance damage material loss caused to the policyholder as a result of an insured event


Third party - a person who is not the Insured or the Insurer in a specific insurance contract (policy).

Bodily injury (injury) is a local violation of the integrity or functionality of the tissue (body parts, organs) under the influence of direct physical or chemical effects from the outside.

Third party is a party (legal or natural person ) that does not participate in the conclusion and insurance contract, but in certain circumstances acquires certain rights arising from the content of the terms of this contract.

The evening has a form of grievous bodily harm

Universal insurance company, an insurance company that performs operations on all types of insurance and reinsurance

Settlement of losses calculation of the amount of damage to be compensated as a result of an insured event

C force majeure 1) events, emergencies that cannot be foreseen, prevented or eliminated by any means; 2) extraordinary circumstances arising from insurance rules in the event of which the insurer is exempted from fulfilling obligations under the insurance contract

The deductible is part of the loss, which, according to the insurance contract, is not reimbursed by the insurer. Distinguish between conditional ( non- deductible ) and unconditional (deductible) franchise. A contingent deductible is not deductible if the amount of losses exceeds its size, and an unconditional deductible is deducted each time an insured event occurs

Franchise - a part of the damage stipulated by the contract, which in the event of an insurance event is not reimbursed by the Insurer. Franchise is conditional and unconditional. A contingent deductible indicates the right to exempt the insurer from liability for damage if its size does not exceed the size of the deductible, and the damage is fully compensated if its size exceeds the size of the deductible. Unconditional deductible indicates that the liability of the insurer is determined by the amount of damage

Franchise conditional Franchise (see), which, due to its insanity, hardly comes into contact, and this is accompanied by many conventions.   The insurer is exempt from liability for loss if its size does not exceed the size of the deductible, and the loss is fully compensated if its size exceeds the deductible. In this case, the deductible is set as an absolute value.

The owner (from the kabatsky "Go, master ...") The insurer who transferred the risk of reinsurance Assignment The amount that the insurance company can rely on this year. Sometimes understood as: The amount that is assigned by the assignor to the reinsurer.

Ш a fine, a measure of material impact on persons guilty of violating applicable law, contracts or certain rules

It will not be superfluous for your friends to learn this information, share an article with them!

Comments Expand / collapse the comment window expand / collapse

When commenting, remember that the content and tone of your message can hurt the feelings of real people, show respect and tolerance to your interlocutors even if you do not share their opinion, your behavior in the conditions of freedom of expression and anonymity provided by the Internet changes not only virtual, but also the real world. All comments are hidden from the index, spam is controlled.
Liked? Subscribe to RSS news,
to be the first to receive information
about all the important events of the country and the world.
You can also support shram.kiev.ua, click: