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Securing against a potential financial loss is actually something that people have been doing for a very long time. It goes back many thousands of years. Insuring instruments of the past would likely take a very different form than we recognize today.
Some early forms of a written guarantees of delivery were likely the first candidates, these would be considered cargo insurance today, and may have been underwritten by everyone from the ancient Pharaohs to the nights Templar, monarchs and aristocrats, even the Vatican. Who might have done it first can probably never be known. It's quite possible that the Egyptians adopted the practice from the Sumerian culture.
The organized insuring capital that has evolved into the modern insurance industry we find familiar today, is most often attributed to Lloyd's of London. These Lloyd's groups first ventures as well took the form of Cargo delivery guarantee's. After gathering some profit and loss experience, the groups began extending coverage offerings to also include the value of the vessels that carried the cargo.
What else can I help you with?
Who used the word aparthied first?
It is an Africaans word meaning 'separateness' first used in a political context in 1929 and in a policy that begun in 1948
What was Cleopatras domistic policy?
Cleopatra had the same domestic policy as all the Ptolemies----tax and spend on oneself.Cleopatra had the same domestic policy as all the Ptolemies----tax and spend on oneself.Cleopatra had the same domestic policy as all the Ptolemies----tax and spend on oneself.Cleopatra had the same domestic policy as all the Ptolemies----tax and spend on oneself.Cleopatra had the same domestic policy as all the Ptolemies----tax and spend on oneself.Cleopatra had the same domestic policy as all the Ptolemies----tax and spend on oneself.Cleopatra had the same domestic policy as all the Ptolemies----tax and spend on oneself.Cleopatra had the same domestic policy as all the Ptolemies----tax and spend on oneself.Cleopatra had the same domestic policy as all the Ptolemies----tax and spend on oneself.
What country did insurance originate in?
england
What latin word does the word insurance comes from?
securitas
What was king thutmose iii domestic policy?
King Thutmose III built many monuments and decorated them with pillars.
Who introduce insurance policy first?
yes it is correct
If damages were paid by another's insurance co can I submit later and collect from my insurance co for same damages?
Only for the unpaid portion of the first insurance policy. For example, if the first policy covers 80% following a $500 deductable, you can file for the remaining 20% and the deductable on your insurance policy.
Which insurance policy is considered primary if I have two policies?
If you have two insurance policies, the policy that is considered primary is typically the one that pays benefits first before the secondary policy.
Which state was the first auto insurance policy purchased?
Ohio
When did pet insurance become available?
The first pet insurance policy was written in 1890 by Claes Virgin.
What is composite insurance policy?
It is a composite insurance policy(:
How can one sell their life insurance policy?
One can sell their life insurance policy and this is called Viatical Settlement. An insurance company sells insurance policy to a person. This person (viator) sells his policy to another person (viatical settlement provider). When the first person dies, the second person will benefit and cash in the money.
What is the executor on a life insurance policy?
The Policy Holder of a life insurance policy is the executor of the said policy.
Is Medical pay on an Auto Policy primary over Health Insurance or secondary?
No. You will have to use your health insurance first.
How can you check your insurance policy at Nippon insurance?
call them and ask them to fax your insurance policy.
Why does a non-owner operator insurance policy only kick in after owner's policy?
This is the terms of the contract for this type of policy. It is a secondary coverage policy and there for it will pick up after the vehicle owner's insurance policy pays first. You need to read your policy or look at the terms before you purchase it if this is not what you want.
What is the difference between a graded life insurance plan and a level life insurance plan?
A graded benefit life insurance plan is offered when the customer has an extensive health issues history. The difference between the graded life insurance and the level life insurance policy is that graded plan will pay less than the face amount of the policy in the first two policy years if the insured dies before the third policy year. Usually in the first two policy years the benefit paid equals the amount of insurance premiums paid plus a %.
