Indemnification

An entity seeking to transfer risk (an individual, a company, or an association of all type, etc) becomes the “ensured” part once the risk is assumed by a “insurer”, the part of guarantee, by means of a contract, called a “political” insurance. Generally, a contract of insurance includes, with a minimum, the following elements: the parts (the insurer, policy-holders, recipients), the premium, the period of the insurance, the particular event of loss covered, quantity of insurance (C. - with-D., quantity to be paid with assured or the recipient in the event of a loss), and exclusions (events not - forks and spoons). It is said that thus a policy-holder “is guaranteed” against the events of loss covered in the policy.

When the parts of policy-holders test a loss for a danger indicated, the insurance authorizes the policy-holder to make a “complaint” against the insurer for the covered quantity of loss as indicated by the policy. The fees paid by the policy-holders with the insurer to assume the risk are called the “premium”. Premiums of insurance of much of policy-holders are employed to place accounts reserved for the posterior payment of claim-in the theory for a relatively little claim-and for overheads. Provided that an insurer maintains at put proportioned funds on side for losses envisaged (C. - with-D., reservations), the remaining margin is the benefit of an insurer.