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Insurer: Insurers can only act as joint stock companies, cooperatives and mutual insurance companies. You can also secure the State.

Insurers must be licensed to operate by the Superintendencia de Seguros de la Nacion. This institution audits, establishes policy conditions and amount of premiums, reserves and investments determined to be carried out and controls the administration and economic and financial situation.

The Insured: The law distinguishes between those of the policyholder, the insured and the beneficiary.

* The policy-holder is the person who holds the contract.

* The insured is the owner of insurable interest.

* The beneficiary is to receive the compensation.

The holder differs from the insured when the insurance provided by a third party or on behalf of whom it may concern. ”

For its part, the insured and beneficiary generally coincide. Are separated for example, life insurance, where life is assured for the benefit of another person.

Policy: The written instrument in which the terms of the contract. Although not essential for the existence of the contract, the insurance practice has imposed no exceptions.

May be issued to order or bearer, except in certain people, who should be nominated.

The text is generally uniform for different types of insurance. Riders and special modifications to the content of the policy and are called endorsements are written on a separate sheet, which adheres to it.

Deadline: If the term of the contract is not specified in the contract is presumed to be one year, unless the nature of the risk premium is calculated by a different time.

The obligations of the insurer to begin the twelve-hour set and end at twelve o’clock on the last day of term.

Despite the agreed period, either party may terminate the contract before its expiration, with repayment to the holder of the proportional premium for a term not run.

* Fire Insurance

This insurance covers movable and immovable property against the risk of fires. The insurer compensates the insured for the damage they had suffered property insurance subject, owing to a fire, his post provided he has not been intentional.

* Insurance against hail: Plantations can be very damaged, with the fall of hail, so this insurance provides a truly useful service to farmers who have sown their insured against the risk. Only compensation for damage caused by hail without taking into account losses that might have caused the lluviaso wind.

* Motor vehicle insurance

Liability: For a third and injuries caused by damage to these things. If the owner of the vehicle insured from accidents cause injuries or death of a third, the company responds to a certain amount. Compensation for damage is lower.

Fire, accident and theft: the policy protects the owner of the vehicle against these risks in accordance with the sum insured. In case of accident insurance covers damage to the vehicle.

* Secure transport

Can be rainy sea, land and air, covering the risks that weigh on the means of transport, passengers carried and effects. The company compensates the owner of the means of transport damage they may suffer in fulfilling its mission by several accidents, according to the sum insured. Also this insurance covers the damage or injury passengers may suffer as a result of transportation accidents.

* Insurance crystals

This insurance provides compensation to a person or company for damages that may result in breakage of the crystals of its business or property.

* Theft Insurance

Covers loss that you may experience a person for theft or shoplifting.

* Credit insurance

Covers the loss it causes, or appears to the insolvency of their business borrowers. Using a premium the insurance company undertakes to indemnify the loss and replacement in the actions that you can try to pursue the recovery of debt.

* Insurance employees’ loyalty

It took the companies to cover losses that may be suffered by infidelity of employees in case of fraudulent maneuvers.

* Insurance in case of death: In this type of insurance, the death of the insured, the insurer pays the beneficiary up by that amount of insurance.

* Insurance in case of life insurance In the insurer pays the insured amount of insurance, provided they live to maturity of a given period of time. You can also agreed to pay a regular income while the insured lives, from a date fixed in advance.

* Insurance mixed up a combination of insurance against death and life. Therefore, the amount of insurance paid to the beneficiaries if the insured dies before the expiration of the contract and was delivered to him if survival to that date.

According to cover one or more heads

* Insurance on a head: the insurance is paid when the insured person dies.

* On two or more heads: This contract will ensure the life of two or more people and the insurance is paid when one dies for one or the other.

Attentive to the number of persons covered by the policy

* Individual Insurance: A contract by which a person is assured a certain death, life, or both.

* Insurance group: These contracts will ensure the life of many people. The insurance pays the death of these, the beneficiaries instituted.

According riders

* Insurance with additional clauses: In accordance with these terms the policy may provide other benefits.

* Insurance free riders: Those whose insurance only provides insurance against death, life or both.

Can be classified in several ways insurance. First, as found by the State, its supervisory function or the private insurance business is divided into social insurance and private insurance.

* Social Security: Social insurance aims to protect the working class against certain risks such as death, accident, disability, illness, unemployment or maternity. Are required premiums are paid by the insured and employers, and in some cases the state also contributes to its contribution to finance the compensation. Another feature is the lack of a policy, the rights and obligations of the parties, as these are set by insurance laws and regulations by decree, which specifies the rights and obligations.

The insured up to the beneficiary of insurance and whether that designation is missing your heirs will benefit, like a property, in order and in the proportion established by the Civil Code. Therefore, the occurrence of the death of the insured the National Savings and Insurance pays the insurance amount to the beneficiaries instituted by him or his heirs.

The forecast system of retirement funds is not technically insurance, although its purpose is similar. Lets enjoy an income for retirees and covers the risks of neglect that may be the spouse and minor children of a person entitled to retirement, ordinary or extraordinary, to the date of his death.

* Private insurance: The insurance which the insured voluntarily contract to hedge certain risks, by paying a premium which is exclusively responsible. In addition to these features we can say:

* The private insurance led to the issuance of a policy – the instrument of the insurance contract – which contains the rights and obligations of the insured and insurer.

* In our country, private insurers are exploited, mostly by private companies, cooperatives and mutuals. But the State, through the National Savings Fund and safe, makes various types of insurance. And in some provinces, there officers insurance.

According to its purpose of private insurance can be classified in insurance and insurance on those things.

Insurance on people: The insurance on persons includes life insurance, accident insurance and insurance against illness. Actually, it’s just a group called life insurance, as insurance against accidents and illness are but one option for life insurance.

Insurance is a contract whereby one party (the insurer) undertakes, through a premium paid to the other party (the policyholder) to compensate an injury or if you meet the agreed delivery scheduled event occurs, as be an accident or a fire, among others.

The insurance contract may cover all types of insurable risks if there is interest, unless expressly prohibited by law. For example:

The risk of fires.

or risks of the crops.

The lifetime of one or more individuals.

or risks of the sea.

The risk of transport by air or land.

The insurer is usually an insurance company organized under the corporate form, but there are also cooperative and mutual insurance companies and even a government agency – The Savings and Insurance – performs operations. Also, in some provinces insurers operating officers.

The insurance contract is consensual, bilateral, and random. Because it is consensual is perfected by mere consent of the parties and produces its effects has been done since the convention, because it causes bilateral rights and obligations between the insurer and insured, and is random as it relates to compensation for a loss or damage caused by an event or an uncertain, because no one knows if there will be and in the case – like death – do not know when it has to happen.