Functional Organization of Insurance Companies
Most insurance companies are corporations in which the sovereign body is the Assembly of Shareholders and its governing body the Board of Directors or Directors appointed by the shareholders meeting in assembly.
Directory Management reports directly to the General, who, like any business, is the executive responsible for driving the company pursuant to resolutions adopted at that.
Acceptance and Issuance of Insurance Policies
The issuance of the policies is done via the following steps:
1. Application of insurance.
2. Verification of all information contained in the application.
3. Acceptance of insurance.
4. Issuance of the policy.
The application is the proof of insurance whereby the insured asks the insurance company a certain. Therefore it contains the information necessary for the insurer knows exactly who has the risk of running out insurance. The main data are:
* Date.
* Identification Data insurable.
* Object and the insurance risk.
* A description of the thing to be sure.
* Amount of insurance.
The declaration reduces health costs of issuing the policy, because it is less costly to make such a statement verifying the medical review, and simplifies management at the insured to induce him to take a life insurance. Accepted the request, the policy is issued pursuant to that data and delivers accordingly.