tag:blogger.com,1999:blog-83244041846290754402011-07-08T09:10:52.813-07:00assit yourselfshivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.comBlogger401100tag:blogger.com,1999:blog-8324404184629075440.post-24048989452109985422010-01-27T20:42:00.001-08:002010-01-27T20:50:08.956-08:00

Every state makes it mandatory to have minimum auto insurance coverage. For research auto insurance online is here. Reports suggest that the eligibility requirement for minimum coverage will be raised in some states. For example states of Louisiana as well as Wisconsin are expected to undergo these changes. Effective January 1st 2010, all new policies written will have to meet the new requirement

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-15208298801758194142009-09-26T22:51:00.000-07:002009-09-26T22:53:04.358-07:00

Reinsurance sidecars, conventionally referred to as Sidecars, are financial structures which are created to allow investors to take on the risk and return of a group of insurance policies (a "book of business") written by an insurer or reinsurer (henceforth re/insurer) and earn the risk and return that arises from that business. A re/insurer will only pay ("cede") the premiums associated with a

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com1tag:blogger.com,1999:blog-8324404184629075440.post-61157109763044891552009-09-26T22:47:00.000-07:002009-09-26T22:51:07.708-07:00

Reinsurance is a means by which an insurance company can protect itself with other insurance companies against the risk of losses. Individuals and corporations obtain insurance policies to provide protection for various risks (hurricanes, earthquakes, lawsuits, collisions, sickness and death, etc.). Reinsurers, in turn, provide insurance to insurance companies. The company requesting the cover is

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-86682349882021855802009-09-26T22:45:00.000-07:002009-09-26T22:47:04.255-07:00

Financial Reinsurance (or fin re), is a form of reinsurance which is focused more on capital management than on risk transfer. In the non-life segment of the insurance industry this class of transactions is often referred to as finite reinsurance.One of the particular difficulties of running an insurance company is that its financial results - and hence its profitability - tend to be uneven from

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-30611579908843298172009-09-26T22:42:00.000-07:002009-09-26T22:45:22.567-07:00

Captive insurance companies are insurance companies established with the specific objective of financing risks emanating from their parent group or groups but they sometimes also insure risks of the group's customers as well. Using a captive insurer is a risk management technique where a business forms its own insurance company subsidiary to finance its retained losses in a formal structure. The

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-36898572747938430772009-09-26T22:39:00.000-07:002009-09-26T22:42:39.437-07:00

Agency is an area of commercial law dealing with a contractual or quasi-contractual tripartite, or non-contractual set of relationships when an agent is authorized to act on behalf of another (called the Principal) to create a legal relationship with a Third Party. Succinctly, it may be referred to as the relationship between a principal and an agent whereby the principal, expressly or impliedly,

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-73551869878391637762009-08-03T21:21:00.000-07:002009-08-03T21:25:30.269-07:00

Universal health care is health care coverage for all eligible residents of a political region and often covers medical, dental and mental health care. These programs vary in their structure and funding mechanisms. Typically, most costs are met via a single-payer health care system or national health insurance, or else by compulsory regulated pluralist insurance (public, private or mutual)

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-12005155914444654952009-08-03T21:18:00.000-07:002009-08-03T21:19:06.328-07:00

Social insurance is any government-sponsored program with the following four characteristics:the benefits, eligibility requirements and other aspects of the program are defined by statute;explicit provision is made to account for the income and expenses (often through a trust fund);it is funded by taxes or premiums paid by (or on behalf of) participants (although additional sources of funding may

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-59824622063066932762009-08-03T21:17:00.000-07:002009-08-03T21:18:10.972-07:00

Publicly-funded health care is a form of health care financing designed to meet the cost of all or most health care needs from public funds or a publicly managed fund. Usually this is under some form of democratic accountability, the right of access to which are set down in rules applying to the whole population contributing to the fund or receiving benefits from it. The fund may be general tax

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-1272312457376296602009-08-03T21:16:00.000-07:002009-08-03T21:17:25.812-07:00

National health insurance is health insurance that insures a national population for the costs of health care and usually is instituted as a program of healthcare reform. It may be administered by the public sector, the private sector, or a combination of both. Funding mechanisms vary with the particular program and country. Therefore National health insurance does not equate to government run or

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-2479373291503929902009-08-02T21:29:00.001-07:002009-08-02T21:29:51.142-07:00

Health insurance is insurance that pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program, or from private insurance companies. It may be purchased on a group basis (e.g., by a firm to cover its employees) or purchased by

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-58094183675853382392009-06-01T01:41:00.001-07:002009-07-07T23:47:54.617-07:00

Fundamental financial conceptsFinance an overview ArbitrageCapital (economics)Capital asset pricing modelCash flowCash flow matchingDebt DefaultConsumer debtDebt consolidationDebt settlementCredit counselingBankruptcyDebt dietDebt-snowball methodDiscounted cash flowFinancial capital FundingFinancial modelingEntrepreneur EntrepreneurshipFixed income analysisGap financingHedge Basis riskInterest

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-36313271184074330732009-06-01T01:33:00.000-07:002009-06-01T01:34:22.011-07:00

Credit insurance is a term used to describe both trade credit insurance and credit life insurance.Credit life insurance is a consumer purchase, often sold with a big ticket purchase such as an automobile. The insurance will pay off the loan balance in the event of the death or the disability of the borrower. Although purchased by the consumer/borrower, the benefit payment goes to the company

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-81333288953998423782009-06-01T01:31:00.000-07:002009-06-01T01:32:57.964-07:00

Mortgage insurance is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer. The policy is also known as a mortgage indemnity guarantee (MIG), particularly in the UK.For example, Mr. Smith decides to purchase a house which costs $150,000. He pays 10% in $15,000

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-10091754530128567392009-05-13T23:16:00.001-07:002009-05-13T23:16:55.201-07:00

Payment Protection Insurance, (also known as PPI, Credit Protection Insurance, Loan Repayment Insurance) (NOT to be confused with Income Protection or Credit Card Cover) is an insurance product that is designed to cover a debt that is currently outstanding. This debt is typically in the form of a loan or an overdraft, and is most widely sold by banks and other credit providers as an add-on to the

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-6991275565714762662009-05-13T23:14:00.001-07:002009-05-13T23:14:47.059-07:00

Lenders Mortgage Insurance (LMI), also known as Private mortgage insurance (PMI) in the US, is insurance payable to a lender or trustee for a pool of securities that may be required when taking out a mortgage loan. It is insurance to offset losses in the case where a mortgagor is not able to repay the loan and the lender is not able to recover its costs after foreclosure and sale of the mortgaged

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-52227815273072205092009-05-13T23:00:00.000-07:002009-05-13T23:12:37.219-07:00

Collateral Protection Insurance, or CPI, insures property (primarily vehicles) held as collateral for loans made by lending institutions. CPI may be classified as single-interest insurance if it protects the interest of the lender, a single party, or as dual-interest insurance coverage if it protects the interest of both the lender and the borrower.Upon signing a loan agreement, the borrower

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-20500647187358465952009-05-13T22:52:00.000-07:002009-05-13T22:57:44.297-07:00

Insurance is a federal subject in India and has a history dating back to 1818. Life and general insurance in India is still a nascent sector with huge potential for various global players with the life insurance premiums accounting to 2.5% of the country's GDP while general insurance premiums to 0.65% of India's GDP. The Insurance sector in India has gone through a number of phases and changes,

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-76804920345729728412009-04-27T07:58:00.000-07:002009-04-27T07:59:14.833-07:00

Types of insuranceAny risk that can be quantified can potentially be insured. Specific kinds of risk that may give rise to claims are known as "perils". An insurance policy will set out in detail which perils are covered by the policy and which are not. Below are (non-exhaustive) lists of the many different types of insurance that exist. A single policy may cover risks in one or more of the

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-12485357667962813002009-04-27T07:49:00.000-07:002009-04-27T07:51:03.442-07:00

A loan is a type of debt. This article focuses exclusively on monetary loans, although, in practice, any material object might be lent. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower.The borrower initially does receive an amount of money from the lender, which he has to pay back, usually but not always in regular

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-38579565311717618122009-04-27T03:25:00.001-07:002009-04-27T03:25:38.828-07:00

A * Actual cash value * Adverse selection * Alternative Risk Transfer * Annual premium equivalentB * Beneficiary * Builder's risk insurance * Buy term and invest the differenceC * Cash surrender value * Cash value * Certified Insurance Counselor * Coinsurance C cont. * Contingent commissions * Copayment * Credit insuranceD * Death spiral (insurance)

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-16136756657238070352009-04-27T03:22:00.000-07:002009-04-27T03:24:06.987-07:00

Unit Linked Insurance Plan (ULIP) provides for life insurance where the policy value at any time varies according to the value of the underlying assets at the time. ULIP is life insurance solution that provides for the benefits of protection and flexibility in investment. The investment is denoted as units and is represented by the value that it has attained called as Net Asset Value (NAV).ULIP

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-84956288449547885252009-03-01T22:49:00.002-08:002009-03-01T22:50:32.673-08:00

Tip #1 - Make Bi-Monthly Payments: Instead of paying your mortgage with one monthly payment switch to paying half of your loan payment every 2 weeks. The savings comes from the 26 half payments you make which add up to 13 monthly payments versus the regular 12 payments you would normally make in a year. The end result is you save a large sum of money on the interest owed and you'll own your home

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-90483210350838710052009-03-01T22:49:00.001-08:002009-03-01T22:49:54.471-08:00

The following tips should help increase your chances of getting a car loan at a better rate.Tip #1 - If you just started a job (recently graduated from college) then wait 6 months to apply for your car loan.Tip #2 - If you have currently have bad credit then repair it before applying for an auto loan.Tip #3 - If you've recently moved then wait until you have lived at your new address for 6 months

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-31900109789130099962009-03-01T22:48:00.001-08:002009-03-01T22:48:58.963-08:00

Military members the price for serving your country and defending freedom is difficult, fortunately finding the right loan to fit your situation doesn't have to be when you know where to look. Finding a loan provider that understands the pressures and time constraints that many military members are currently going through can be difficult and downright depressing. Lets be honest, after working

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-89028381447025568362009-02-01T22:06:00.000-08:002009-02-01T22:07:26.103-08:00

Home insurance, also commonly called hazard insurance or homeowners insurance (often abbreviated in the real estate industry as HOI), is the type of property insurance that covers private homes. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of its use (additional living expenses), or loss of

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-76945830618716133952009-02-01T22:04:00.000-08:002009-02-01T22:06:20.749-08:00

Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. Auto insurance provides property, liability and medical coverage:Property coverage pays for damage to or theft of your car.Liability coverage pays for your

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-53754062333588132102009-01-21T23:00:00.002-08:002009-01-21T23:01:19.818-08:00

Finally, claims and loss handling is the materialized utility of insurance; it is the actual "product" paid for, though one hopes it will never need to be used. Claims may be filed by insureds directly with the insurer or through brokers or agents. The insurer may require that the claim be filed on its own proprietary forms, or may accept claims on a standard industry form such as those produced

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-51457647463633201882009-01-21T23:00:00.001-08:002009-01-21T23:00:48.866-08:00

In some sense we can say that insurance appears simultaneously with the appearance of human society. We know of two types of economies in human societies: money economies (with markets, money, financial instruments and so on) and non-money or natural economies (without money, markets, financial instruments and so on). The second type is a more ancient form than the first. In such an economy and

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-60416971332457021252009-01-21T22:59:00.000-08:002009-01-21T23:00:01.735-08:00

Underwriting and investingThe business model can be reduced to a simple equation: Profit = earned premium + investment income - incurred loss - underwriting expenses.Insurers make money in two ways: (1) through underwriting, the process by which insurers select the risks to insure and decide how much in premiums to charge for accepting those risks and (2) by investing the premiums they collect

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-2899194405026295732009-01-21T22:58:00.000-08:002009-01-21T22:59:23.398-08:00

Commercially insurable risks typically share seven common characteristics.[1] 1. A large number of homogeneous exposure units. The vast majority of insurance policies are provided for individual members of very large classes. Automobile insurance, for example, covered about 175 million automobiles in the United States in 2004.[2] The existence of a large number of homogeneous exposure units

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-22350635524864501552008-09-06T05:08:00.001-07:002008-09-06T05:08:32.021-07:00

Syndicated loans may also include parties required to manage the unusual multiple financier relationships and associated fiduciary obligations.To avoid the borrower having to deal with all the syndicate banks individually, one of the syndicate banks usually acts as an Agent for all syndicate members. The Agent acts as the focal point between the lenders and the borrower and manages all

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-40989098665934144242008-09-06T05:07:00.002-07:002008-09-06T05:08:00.825-07:00

A syndicated loan (or "syndicated bank facility") is a large loan in which a group of banks provide funds for a borrower, usually severally but without joint liability. There is usually a lead bank or group of banks (the "Arranger/s" or "Agent/s") that takes a percentage of the loan and syndicates or sells the rest to other banks. A bilateral loan, only involves one borrower and one lender (often

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-58098673408549714062008-09-06T05:07:00.001-07:002008-09-06T05:07:25.129-07:00

Predatory lending is one form of abuse in the granting of loans. It usually involves granting a loan in order to put the borrower in a position that one can gain advantage over him or her. Where the moneylender is not authorised, it could be considered a loan shark.Usury is a different form of abuse, where the lender charges excessive interest. In different time periods and cultures the

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-3163226645896532822008-09-06T04:55:00.000-07:002009-04-27T07:45:00.255-07:00

SecuredA secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan.A mortgage loan is a very common type of debt instrument, used by many individuals to purchase housing. In this arrangement, the money is used to purchase the property. The financial institution, however, is given security — a lien on the title to the house — until the

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-49810874127315704772008-05-07T00:18:00.001-07:002008-07-15T23:59:02.580-07:00

Student loansABS collateralized by student loans (“SLABS”) comprise one of the four (along with home equity loans, auto loans and credit card receivables) core asset classes financed through asset-backed securitizations and are a benchmark subsector for most floating rate indices. Federal Family Education Loan Program (FFELP) loans are the most common form of student loans and are guaranteed by

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-66083630782389463592008-05-07T00:17:00.002-07:002008-07-15T23:59:42.479-07:00

Credit card receivablesSecurities backed by credit card receivables have been benchmark for the ABS market since they were first introduced in 1987. Credit card holders may borrow funds on a revolving basis up to an assigned credit limit. The borrowers then pay principal and interest as desired, along with the required minimum monthly payments. Because principal repayment is not scheduled, credit

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-70558036400847848512008-05-07T00:17:00.001-07:002008-07-16T00:00:03.642-07:00

Auto loansThe second largest subsector in the ABS market is auto loans. Auto finance companies issue securities backed by underlying pools of auto-related loans. Auto ABS are classified into three categories: prime, nonprime, and subprime: Prime auto ABS are collaterized by loans made to borrowers with strong credit histories. Nonprime auto ABS consist of loans made to lesser credit quality

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-54304702263203018362008-05-07T00:10:00.000-07:002008-07-16T00:00:25.319-07:00

Home equity loansSecurities collateralized by home equity loans (HELs) are currently the largest asset class within the ABS market. Investors typically refer to HELs as any nonagency loans that do not fit into either the jumbo or alt-A loan categories. While early HELs were mostly second lien subprime mortgages, first-lien loans now make up the majority of issuance. Subprime mortgage borrowers

shivannahttp://www.blogger.com/profile/17269829610814975947noreply@blogger.com0tag:blogger.com,1999:blog-8324404184629075440.post-26419867216294498372008-05-07T00:09:00.001-07:002008-07-16T00:00:42.232-07:00

Types of financial aidFinancial aid may be classified into two types based on the criteria through which the financial aid is awarded: merit-based or need-based.Merit-basedMerit-based scholarships include both scholarships awarded by the individual college or university and those awarded by outside organizations. Merit-based scholarships are typically awarded for outstanding academic achievements

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