Reinsurance Business Essays - Types Of Insurance, Reinsurance

Reinsurance Business QUOTA SHARE REINSURANCE AGREEMENT DWVD NO. 900804 for BASIC COLLEGE ACCIDENT AND SICKNESS MEDICAL EXPENSE INSURANCE (hereinafter referred to as the Agreement) made and entered into by GERBER LIFE INSURANCE COMPANY White Plains, NY (hereinafter referred to as the Company) and PHOENIX HOME LIFE MUTUAL INSURANCE COMPANY Enfield, CT (hereinafter referred to as the Reinsurer) EFFECTIVE: January 1, 1999 - December 31, 1999 Table of Contents ARTICLE I ? PARTIES TO AGREEMENT 1 ARTICLE II ? BASIS OF REINSURANCE 2 ARTICLE III ? RETENTION AND LIMIT 3 ARTICLE IV ? INURING REINSURANCE 4 ARTICLE V ? FACULTATIVE REINSURANCE 5 ARTICLE VI - EXCLUSIONS 6 ARTICLE VII ? EFFECTIVE DATE AND DURATION OF AGREEMENT 7 ARTICLE VIII ? REINSURANCE PREMIUMS 8 ARTICLE IX ? PREMIUM REPORTS 9 ARTICLE X ? CEDING ALLOWANCE/EXPENSES 10 ARTICLE XI ? CURRENCY 11 ARTICLE XII ? CLAIMS NOTIFICATION 12 ARTICLE XIII ? CLAIMS SETTLEMENT AND AUDIT 14 ARTICLE XIV ? EXTRA CONTRACTUAL OBLIGATIONS 15 ARTICLE XV ? SUBROGATION 16 ARTICLE XVI ? COMMUTATION 17 ARTICLE XVII ? CLAIMS FUND 18 ARTICLE XVIII ? OFFSET 19 ARTICLE XIX ? TERRITORY 20 ARTICLE XX ? OVERSIGHTS 21 ARTICLE XXI ? ACCESS TO RECORDS 22 ARTICLE XXII ? INSOLVENCY 23 ARTICLE XXIII ? ARBITRATION 24 ARTICLE XXIV - CONTROLLING LAW 25 ARTICLE XXV ? SEVERABILITY 26 ARTICLE XXVI ? UNAUTHORIZED REINSURERS 27 ARTICLE XXVII ? TAXES 29 ARTICLE XXVIII ? FEDERAL EXCISE TAX 30 ARTICLE XXIX ? CONFIDENTIALITY 31 ARTICLE XXX ? ENTIRE AGREEMENT 32 ARTICLE XXXI ? INTERMEDIARY 33 ARTICLE XXXII ? EXECUTION 34 ARTICLE I ? PARTIES TO AGREEMENT This Agreement is solely between the Company and the Reinsurer and the performance of obligations of each party under this Agreement shall be rendered solely to the other party. In no instances shall anyone other than the Company or the Reinsurer have any rights under this Agreement except recognizing the Company has the sole responsibility for the evaluation and appointment of the Underwriting Manager, Managed Care Concepts of Delaware, Inc. (MCCI). Further, it is agreed that Associated Accident and Health Reinsurance Underwriters (AAHRU), a participating Reinsurer, is deemed to be the Lead Reinsurer. In that capacity, any and all actions of the Lead Reinsurer shall be made in the best interest of this Agreement and binding upon the other reinsurers. Should the Company appoint a new Underwriting Manager, the Reinsurer must approve any change in the Underwriting Manager, otherwise the Reinsurer has the right to cancel at the time of change. This Agreement shall be binding upon the parties, their heirs, and successors, if any. ARTICLE II ? BASIS OF REINSURANCE On and after the effective date of this Agreement, the Company shall cede and the Reinsurer shall accept as reinsurance, a Quota Share portion, as shown within ARTICLE XXXII ? EXECUTION, of the liability on policies, binders, contracts or agreements of insurance, hereinafter referred to as policies, issued or renewed by the Company on or after the effective date of this Agreement and underwritten for and on behalf of the Company by the Underwriting Manager and classified as Basic College Accident and Sickness Medical Expense Insurance, as described below: Basic College Accident and Sickness Medical Expense Insurance: Excess of all other valid and collectible insurance issued to the eligible students (various classes including, domestic undergraduate, domestic graduate and foreign students) and their eligible dependents. If the eligible student does not have primary insurance, this plan will be primary. Some plans may be written on a primary basis for which benefits will then be coordinated with any other plan in which the student is covered as a dependent. Premiums must be paid before insurance is in force and valid. The maximum benefit per individual covered insured is $500,000. ARTICLE III ? RETENTION AND LIMIT The Reinsurer agrees to accept a fixed proportion of 85% of the first $500,000 per person per risk for all business subject to this Agreement. The Company agrees to retain for its own account 15% of the first $500,000 per person per risk for business subject to this Agreement. ARTICLE IV ? INURING REINSURANCE Inuring Reinsurance ? The Company and the Reinsurer agree to purchase excess of loss reinsurance that insures to the benefit of all basic quota share participants of this treaty for all per person risks that exceed $500,000. The purchase price and reinsurance security to be approved by the Company and Lead Reinsurer. Should acceptable reinsurance not be available, the Company and Lead Reinsurer will revise this Agreement accordingly. ARTICLE V ? FACULTATIVE REINSURANCE For business that does not meet

The Civil War,North Success essays

The Civil War,North Success essays Why Did the North Win the Civil War? In 1861, following the secession of the Deep South on a platform of states rights, the right to property and the event of Fort Sumnter, the inevitable conflict Seward had predicted emerged as the Civil War. Four years later Lee surrendered and so returned the Confederate states to the Union - the victory of the North was never as forgone as the onslaught of secession, and certainly historians such as McPherson have judged it would be dangerous to generalise over causes of the Northern Victory, since events on the battlefield could have taken a different course into Southern favour, changing the Wars final outcome. However, there are several factors that were certainly crucial for northern victory - such as economic growth and stability, the political prowess and generalship of Lincoln and Military manpower and technique. Many historians of the post-war era and in the 20th century noted the economic might and manpower of the North as one of the main reasons for success. Economic factors were certainly crucial for the defeat of the South in 1865. By 1861, the North was, economically, in line with the Industrialised world of Northern Europe and Britain, and was way ahead of the backward South, still mostly reliant on the peculiar institution of slave labour in the cotton fields. It possessed 4 out of 5 factories, Americas Banking system, 15 times more Iron and 38 times more Coal; it made its own clothing and even during the war was never short of new migrants from Ireland and Germany. Northerners outnumbered Southerners 22 million to a measly five million whites (slaves, who made up the remaining 4 million, were constitutionally only 3/5s of a citizen each, and so were not legible for the draft). The North had to rely little on Europe; it was self-sufficient, it had a variegated economy compared to the Southern reliance on cash crops as a source of inco...

Discernment Practices Essay Example | Topics and Well Written Essays - 1250 words

Discernment Practices - Essay Example It is the evolved concept of understanding the truth from the distribution of energy around oneself. In the space of human individuality, there is a massive intake and outflow of energy and the most important concept is to understand this energy and act or react accordingly. It is the spiritual feeling of the inner conscience through which we see the world as we perceive it. The religious input is derived from the fact that religion has played a vital role in shaping the spiritual consciousness of its followers. Discernment can be made in two different ways. The first is self-enlightenment, where the individual attains knowledge of his/her impulses, through this process is able to manage them and take the negativity out of them. Along with this aspect, he also reaches up to the higher level of thinking and living through understanding the flow of energy centred around his/her impulses. The second method is to do theology study and to gain knowledge with respect to religion and its in fluence on the human mind and desires. This method covers the aspect of reading the holy bible as well as other religious texts so as to affirm one’s position with regard to the flow of impulse in the soul. Within the scope of this paper, various concepts will be discussed, compared and contrasted on the basis of a number of aspects. The first is detachment or non attachment towards a religion or a spiritual entity where the subject matter of Ignatian spirituality has been provided focus upon. Similarities between Islam and Christianity on Discernment Practices This paper shall be discussing the similarities and differences in discernment practices between Christianity and Islam. Saint Ignatius of Loyola is extremely influential in the practice of spiritual discernment. According to him, to achieve spiritual peace within oneself, the individual has to confess and open up before a spiritual director He is not allowed to go on his own and do it alone. St. Ignatius had laid down strict guidelines with reference to spiritual attainment of the soul. He had explicitly said that those who are looking for divine intervention with respect to spirituality in their lives must adhere to the rules lay down under Christianity and there shall be no let off from that aspect. The religion preaches that the Spiritual Director shall guide the individual to ultimate spirituality regardless of how his past life has been. He shall help him go through all the different mechanisms and work out the situation in a better way for him. The purpose of the director is to help the individual and take him away from all the negativity and put the positive picture around his heart and soul. The spiritual director takes us away from the bad spirits. He is extremely influential in the way he makes his decisions, and all his decisions are for the betterment of the individual who has approached him with love. The director also tries to make the individual understand that the bad and negativ e spirits can propel us to make quick and fast decisions without thinking much for them which might lead us into troublesome situations. With this regard, the spiritual director brings us to the focus of the good and positive spirits by taking care of each and every emotion of the individual. He listens to the individual with utmost care and tries to analyse objectively his feelings and reflections on the society and his life, with measures to make it a better life worth living. Looking at Islam now, the religion was brought into

Discuss the film A SEPARATION Assignment Example | Topics and Well Written Essays - 1000 words

Discuss the film A SEPARATION - Assignment Example One of the ethical dilemmas illustrated on the film is about minor understandings and confusion that lead to separation of a husband known as Nader and his wife Simin. The main reason for the couple’s misunderstanding is the decision of Simin to leave Iran. The film writer depicts that the couple has been married for fourteen years but the living condition in Iran leads Simin to make a decision of leaving. Her main objective is to go in a place where she can manage to offer a better education and life for their eleven years daughter. However, Nader does not support her wife’s decision because he wants to stay in Iran and cater for his eighty years old ailing father. Another issue related to ethical dilemma that the film writer illustrates is dispute dissolution. The couple is unable to solve their disputes and disagreement involved in their marriage. This leads to Simin in filing for a divorce. The family court judges rules that the couple’s disagreement does not weigh enough to consider divorce as the final option. However, Simin had already made her decision and finally moves out. Another ethical dilemma relates to the issue of poverty in the society. The film writer depicts that Razieh moves to work for Nader even without her husband’s permission, as recommended in the society. The film also illustrates various circumstances of emotional upheavals. One of these instances is during the separation of Nader and Simin. The later is mainly concerned of their child’s future life and this creates a difficult moment in her thoughts to the point of making a firm decision of leaving. Nader also depicts to have emotional upheavals in the fact that he has to balance his ailing father’s life to the well-being of his family. Eventually, he makes a decision of staying back with his father rather than moving. The film writer also demonstrates Nader’s daughter, Termer experiencing emotional upheavals because of her parent’s divorce. She loses the

Recommendations for the Best Interests of a Child Essay Example for Free

Recommendations for the Best Interests of a Child Essay Ted and Joanna Kramer have been married for six years before she decided to leave him and their son Billy. She believes that she is unfit to continue being a mother and has decided to force her husband into taking care of their child by simply leaving. Mr. Kramer had been ignorant of the depression that has gripped his wife through more than half of their married life because he was too busy with his job. Both father and son were hoping that Mrs. Kramer would come back but weeks turned to months and she would just write letters. Meanwhile, Mr. Kramer and the child have been able to establish their own relationship and routines. They grew fond of each other and have learned to put more effort in keeping their bond stronger. On the other hand, Mrs. Kramer had transferred to another state and has been undergoing therapy. Upon realizing that she does have self-worth, she decided to come back to work in New York and fight for custody. Mr. Kramer is equally determined to keep the child because he was not sure if his wife was stable enough to really take care of their son. Recommendation The court must ensure that its decision would be for the best interests of Billy Kramer who is now seven years old. Upon examination of the situation and both parties’ relationship to each other, the recommendation is for both parents to share legal custody of the child. Physical custody shall be solely granted to the father, Ted Kramer. Joanna Kramer shall be allowed visitation rights. Recommendations are based on the following reasons: 1. Although both parents show great affection for their son, the absence of a caring father at home may be particularly tough for a boy; those who see little of their fathers during their childhoods and have no substitute male presence in their lives may later have trouble making and keeping friends. (Eisenberg, et. al. , 1996, p. 792) 2. Although records from Mrs. Kramer’s psychologist show, her positive response to therapy, approximately six years of depression cannot be solved in merely fifteen months. It would be wise for Mrs. Kramer to gain more understanding of herself and her own needs before she takes custody of their child. 3. Billy Kramer has already established a daily routine with his father and this has helped this child cope with the distressful absence of his mother. Should the court decide to grant Joanna Kramer full custody, this shall uproot Billy from the lifestyle he has already gotten used to and may affect him negatively. 4. Joint legal custody in this case shall be needed to support the child’s needs. Mrs. Kramer’s salary is higher than Mr. Kramer’s and Billy would benefit most if both parents can provide his needs financially. 5. The impact of change on the child must be taken into consideration. When parents live far away, it can be hard for children to maintain a feeling of continuity between both of their homes. (Davis Keyser, 1997, p. 391) 6. In general, custody laws and decisions favor continued and frequent contact between the child and both parents, as well as an ongoing role for both parents in the raising of their children. (http://www. healthline. com/galecontent/child-custody-laws) Visitation rights for Mrs. Kramer can help Billy feel secure about his family and self. Evaluation has been done to ensure the child’s interest and therefore, the recommendation is for both parents to share legal custody; Mr. Kramer be granted full physical custody; and Mrs. Kramer be granted visitation rights. References Davis, L. Keyser, J. (1997). Becoming the Parent You Want to Be. Broadway Books New York, p. 391. Eisenberg, A. , Murkoff, H. E. Hathaway, S. E. (1996). What To Expect The Toddler Years. Workman Publishing New York p. 792. Retrieved May 11, 2007 from http://www. healthline. com/galecontent/child-custody-laws

Comparing Artist of the Beautiful, Rappaccinis Daughter, Birthmark and

Comparing Perfection in Artist of the Beautiful, Rappaccini's Daughter, Birthmark and Prophetic Pictures In four of Hawthorne's stories there is a struggle for power and control as a vehicle to obtain perfection or beauty. In "The Artist of the Beautiful", "Rappaccini's Daughter", "The Birthmark" and "The Prophetic Pictures" the characters are controlled by their desire for perfection in their creations, but they do not achieve their goals without sacrifice. In "The Artist of the Beautiful" Owen is spends years perfecting his creation. His quest for "the Beautiful" controls him. His sensitivity to delicate perfection affects him even physically as he is made ill by the large mechanical steam engine. "Being once carried to see a steam-engine...he turned pale and grew sick, as if something monstrous and unnatural had been presented to him". He is as delicate as the butterfly he creates. "For Heaven's sake...as you would not drive me mad, do not touch it! The slightest pressure of your finger would ruin me forever". In his obsessive pursuit of perfection he cuts himself off from the human experience. He builds what he believes he was "created for" without a thought to what he is sacrificing to achieve his goal. The butterfly is mysterious and beautiful, but for all of his effort it is destroyed.   Years are sacrificed in the quest for perfection. To Owen the sacrifice may have been well worth it, but considering Hawthorne's warnings about the folly of separating oneself from humanity in other stories, he may again be saying that Owen's quest for mechanical perfection is an empty victory in light of the life and joy he could have had with Annie. In "Rappaccini's Daughter" the scientist sacrifices his own daughter to bot... ...retched lady!...did I not warn you?", "You did...but- I love him!" Apparently, the artist painted the truth and the fate of Elinor's relationship with Walter, but persuaded by love, she chose to ignore his warnings. The power of the artist is clear. He tried to make Elinor see her future with Walter clearly. But it was the power of denial (and the power of love?) that Elinor chose to follow. I think Hawthorne may be implying in these stories that perfection is unattainable and the quest for it may be unrewarding, even fatal. In these and some of Hawthorne's other stories, I believe he is reminding people of the delicate blessings of life. Our pursuit of happiness outside of a connection with other people and our reckless endeavor to supersede the power of the supernatural may result in temporary satisfaction, but is ultimately unfulfilling and even dangerous.

Just in Time Essay

Students will respond to the following: †¢Discuss the pros and cons of a JIT relationship from a supplier’s point of view and a buyer’s point of view. The con of the JIT relationship is that problems would occur if the company has sudden breaks to service and the supply. This may lead to labor strikes, and then eventually a failed business. A pro of the JIT relationship would be saving cost by not having unnecessary inventories. Also another attribute is flexibility, allowing the company to answer. †¢Analyze the short-term and long-term consequences that could come from implementing this JIT relationship. The short-term consequence of implementing JIT would be the cost that ties into the culture evolving, training staff on problem solving. The long-term consequence of JIT is improving the quality of the product along with the delivery of it. Once customers realize the proficiency of the company with its product that leads to a chance of a larger profit. †¢Discuss what factors Dixon and D&S should consider before making a decision on this relationship. In regards to factors that Dixon and D&S should consider before making a decision is: 1.Improved Quality- measuring the quality of service, timeliness, service consistency and courtesy. 2.Utilizing Multifunction Workers – Assist with improving quality and customer service. 3.Reduced Turn Around time – The competition is steady among companies that provide services, so a company that uses JIT concepts reduces the turnaround time and increase their speed.