The insurer’s obligation

The insurer’s obligation to indemnify This item is transcendent because it is the cause of the obligation assumed by the policyholder to pay the premium. Because this is obliged to pay the premium because the insurer wants to take the risk and comply with paying compensation if the accident occurs. This obligation depends on the completion of the insured risk. This is but a consequence of the duty of the insurer to assume the risk insurable. And while the incident may not occur, it does not lack the essential element of insurance that concerns us, as this is configured with more risk taking that makes the insurer to hold the insured contract, providing for compensation to be payable only where the accident occurred. Subjects Within the contractual relationship are subject to the following: A. The insurer (insurance company) B. The policyholder C. The insured D.The recipient’s insurance agency can be defined as “legal person constituted under the provisions of relevant legislation, is dedicated to take risks others, fulfilling what sets this effect those laws by charging a certain price called premium. “We noted in the figure of insurer specific profiles between can experience the following: By law, it must be a legal person. There can be occasional or even someone who, individually, perform hedging operations.The safe operating conditions and its projection in time and to require, by themselves, that the insurer is a legal person That person must take precisely one of the ways that the law considers only valid for the practice of insurance industry There must be earned prior approval of Public Administration, to act as insurer Must devote themselves exclusively to the practice of insurance or reinsurance, if that be admissible without other activities, except management operations collective retirement funds They must adjust their status to the rules of insurance law, which regulate in detail the insurance practice, while being subject to inspection and control of public power. Within the broad aspectro of possible legal persons are accepted as valid assumptions: Company. mutual society to set premium. Mutual welfare. Cooperative Society.As the insurance an issue that affects the whole community, and that is directly connected with the welfare of this and whose base is essential to confidence and cr. For banks seeking to act as insurers will require a double set of formalities as well as legal and economic entity obeying those who want to be to provide insurance. The policyholder is the natural or legal person “who hires and supports the policy of insurance for itself or a third party, assuming the obligations and rights in the LCS set out” a particular risk for transfer to a third party (insurance company) to effect that you are compensated him or a third party for damage or loss that may result from the occurrence of an uncertain event the date of the insurance contract. With this purpose it must pay a fee (premium) to the insurer.The insured can be defined as the owner of the area of interest that insurance coverage is concerned, and the right to compensation is paid at the time that in certain cases, you can move to the beneficiary. It is the natural or legal person to whom the occurrence of the incident will affect you more directly. In short, is he on whose head will either fall the consequences of the accident. The essential figure of the insured within the insurance contract. Because just as there can be no contract of that nature without the existence of a risk that is covered or not a legal transaction Dabl think of the nature mentioned without someone or final recipient of the guarantee is agreed, and whose interests protected inthis way, are the efficient cause of the contract. The beneficiary is the person who will receive the value of insurance when the event to occur in the same (without being insured). Fall is one on whom the benefits of the policy agreed by express wish of the policyholder.The designation of a beneficiary meets forecasting approaches that correspond to personal insurance, will especially life insurance and accident, in case of death of the insured. Article 84 of the LCS states literally that the policyholder may designate a beneficiary or beneficiary may designate modify or amend the designation previously made, without the consent of the insurer.

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