Learn about morale hazard, a concept in general insurance describing the risk arising from an insured's attitude towards their belongings. Explore how it affects insurance policies.
Learn about Assumption Reinsurance, a type of reinsurance where the re-insurer assumes total responsibility for an insurance policy from the original insurer. Understand how the policy transfer process works and its implications.
Explore the assignment clause in general insurance, which allows policyholders to transfer or assign their policies to another person or entity.
Learn about the face amount in insurance contracts, which states the total coverage provided. Understand its importance and implications for your policy.
Learn about reinsurance, a crucial insurance mechanism that helps ceding companies transfer risks to reinsurers, ensuring financial stability and reducing large losses.
