Insurance Financing Vehicle

• Fraternal insurance is on a cooperative basis by fraternal benefit societies or other social organizations made available .
• No fault insurance is a type of insurance (auto insurance in general) where the insured will be reimbursed by their own insurer regardless of fault in the incident.
• Protected Self-insurance is a financing alternative risk in which an organization retains the mathematically calculated cost of risk within the organization and provides the catastrophic risks associated with precise boundaries and shared an insurer so the maximum total cost of the program announced. A well designed and protected self-insurance program reduces and stabilizes the cost of insurance and provides valuable information for risk management.
• Insurance is nominal then a method for determining a premium on large commercial accounts. The final bonus will be provided to the actual loss experience during the contract term, sometimes subject to a minimum and maximum premium, with the final premium is determined by a formula. Under the plan, premiums this year partially (or totally) of losses this year, although the premium adjustments may take months or years after the expiration date of the current year. The rating formula is guaranteed in the insurance contract. Formula: retrospective premium = converted loss + basic premium × tax multiplier. Many variations of this formula are developed and implemented.
• Auto insurance is the formal conscious choice to pay for uninsured losses from their own money. This can be placed on a formal basis by establishing a separate fund in the Fund at regular intervals, or simply by avoiding the purchase of available insurance and paying out of pocket to be carried out. Self-insurance is generally used for high frequencies and loss of gravity low wages. These losses, if covered by conventional insurance, that a premium tax of corporate overhead costs to implement the policy on the books, acquisition expenses, premium taxes and contingencies include pay. While this applies to all insurance, for small, often lose the transaction costs exceed the benefits of reducing the volatility that insurance otherwise.
• Reinsurance is a type of insurance insurance companies or self-insured employers are purchased to protect against unexpected losses. Financial reinsurance is a form of reinsurance that insurance risk is primarily for capital management rather than wear.
• Social security can be many things to many people in many countries. But a summary of its essence, is that a collection of insurance coverages (including components of life insurance, disability insurance, unemployment insurance, health insurance and others), plus retirement savings, as participation of all citizens. By forcing everyone to pay the company to a policyholder premiums, it ensures that everyone can be a plaintiff if and when he / she needs. How this inevitably associated with other concepts such as justice and the welfare state. It's a big complex problem, the great debate that the following items (and others) can be studied in the following locations:

National insurance Social safety net Social security Debate on Social Security (United States) Social security (USA) Social services

• Stop-loss insurance provides protection against catastrophic losses and unpredictable. It is used by companies who do not want to 100% of the liability for damages, which bought the plans from them. During a stop loss policy, the insurance is liable for any loss, known as deductibles exceed certain limits.