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Insurance (2)
INSURANCE (2)

Definition: The business of providing people with insurance (= an arrangement with a company in which you pay them regular amounts of money and they agree to pay the costs, for example, if you die or are ill/sick, or if you lose or damage something).
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* All nine elements should be in.


1. Purposeful and necessary to provide service.

2. Practitioners are legally registered and recognized. And regulated, monitored, etc., appropriately, as required by the relevant laws.

3. The small prints will all be pointed out and explained to the insured. And contract details are comprehensive and reasonable, with an applicable clause for withdrawal, cancellation, etc. That is, commitment will be genuine, connection real, and, the care, total.

4. Reminders, refunds, reimbursement, etc., where necessary, are timely made by brokers, etc.

5. No penalty or interest will be charged on a very short delay on premium payments.

6. Service rendered by provider(s) is true or honest. And prompt and courteous. That is, genuine claims will be settled quickly and fully.

7. Company fulfills all legal responsibilities - submits returns, pays appropriate taxes, etc. And performs some corporate social responsibilities.

8. (Reserved.) (No risk is faced by the insured as a result of mismanagement, lack of reinsurance, etc., by the company offering financial protection.)

9. Process serves purpose(s) for all parties involved, without an unplanned loss, regret, etc.
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... NOT SHAKY !

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