insurance

Examples of insurance in the following topics:

• The National Credit Union Administration (NCUA)

  • As the insurer and regulator of federally chartered credit unions, the NCUA oversees credit union safety and soundness, much like the FDIC.
  • The National Credit Union Share Insurance Fund (NCUSIF) is the federal fund created by Congress in 1970 to insure member's deposits in federally insured credit unions.
  • On July 22, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law and included permanently establishing the NCUA's standard maximum share insurance amount at $250,000.
  • All deposit insurance resources reflect this higher level of coverage.
  • Credit unions may also offer an array of additional financial services which are not covered by federal insurance.

• The Federal Deposit Insurance Corporation (FDIC)

  • The FDIC promotes public confidence in the United States financial system by insuring depositors for at least $250,000 per insured bank.
  • This is accomplished by identifying, monitoring, and addressing risks to the deposit insurance funds and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.
  • Since the start of FDIC insurance on January 1, 1934, no depositor has lost a single cent of insured funds as a result of a failure.
  • The FDIC receives no Congressional appropriations; it is funded by premiums that banks and thrift institutions pay for deposit insurance coverage and from earnings on investments in U.S.
  • The FDIC insures more than $7 trillion of deposits in U.S. banks and thrifts—deposits in virtually every bank and thrift in the country .

• General and Administrative Expenses (G&A)

  • G&A represent expenses to manage the business, such as salaries, legal and professional fees, utilities, insurance, depreciation, etc.
  • General overhead is commonly called "general and administrative expense," or "G&A," or simply "overhead. " G&A includes office rent, heat and air conditioning, electricity, phones/broadband, computer equipment, software, office supplies, furniture, executive and administrative salaries and expenses, outside accounting fees, legal expenses, subscriptions, advertising, non-job insurance, and similar items associated with operating your business (i.e., just about every expense that would continue even if you had no jobs under construction).
  • Fixed G&A expenses will generally include rent, insurance, utilities, etc.

• The Savings Association Insurance Fund (SAIF)

  • Alan Greenspan, Chairman of the Federal Reserve, was a critic of the system, saying, "We are, in effect, attempting to use government to enforce two different prices for the same item – namely, government-mandated deposit insurance.
  • Bush signed into law the Federal Deposit Insurance Reform Act of 2005 (FDIRA),which contained changes to implement deposit insurance reform, as well as a number of study and survey requirements.
  • The FDIC maintains the DIF by assessing depository institutions an insurance premium.
  • The amount each institution is assessed is based both on the balance of insured deposits, as well as on the degree of risk the institution poses to the insurance fund.

• Conclusions

  • Customer needs and desires must be ascertained, insurance and liability issues must be addressed, employee training must be ongoing, and an incentive must be provided for customers to return leased products to the lessor after use.

• Introduction

  • As with all AKAM loans, the credit package included two types of micro-insurance: Rs. 100 (USD 1.60) for loan insurance that paid the outstanding balance in case of her death or permanent disability, and another policy that would ensure a Rs. 10,000 benefit for funeral-related costs in case of her accidental death.
  • The micro-insurance shielded the woman's children from debt should she have suffered death or disability.
  • The credit package included two types of micro-insurance that has shielded the woman's children from debt should she have suffered debt and injury.

• Standard Benefits

  • Examples of typical employee benefits include housing, insurance (health, life, dental), retirement benefits, daycare, tuition, sick leave, vacation, profit sharing, education funding, and other specialized benefits.
  • Examples of these benefits include: housing (employer-provided or employer-paid), group insurance (health, dental, life), disability income protection, retirement benefits, daycare, tuition reimbursement, sick leave, vacation (paid and non-paid), social security, profit sharing, funding of education, and other specialized benefits.
  • Employee benefits in the United States might include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401(k), 403(b)); group-term life and long term care insurance plans; legal assistance plans; adoption assistance; child care benefits and transportation benefits.
  • Employee benefits provided through ERISA are not subject to state-level insurance regulation like most insurance contracts, but employee benefit products provided through insurance contracts are regulated at the state level.

• Political and legal risk in international business

  • If the company does not have the resources to conduct such research and analysis, it may find such information at their foreign embassies, international chambers of commerce, political risk consulting firms, insurance companies, and from international businessmen familiar with a particular region.
  • Governments may also offer political risk insurance to promote exports or economic development.
  • Private businesses may also purchase political risk insurance from insurance companies specialized in international business.
  • Insurance companies offering political risk insurance will generally provide coverage against inconvertibility, expropriation and political violence, including civil strife (US Small Business Administration).

• Personal Financial Management

  • When planning personal finances there are many financial products one might consider: such as banking products (checking, savings accounts, credit cards, and consumer loans), investment products (stock market, bonds, and mutual funds), and insurance products (life insurance, health insurance, and disability insurance).
  • "You should probably also keep your emergency money in a deposit account, where your funds are protected by federal deposit insurance, as opposed to stocks or stock or bond mutual funds that can lose value in a volatile market," said Mary Bass, an FDIC Senior Community Affairs Specialist.

• Government Regulation

  • ., "insurance regulations" that arise out of contracts between insurers and their insureds), self-regulation by an industry such as through a trade association, social regulation, co-regulation, third-party regulation, certification, accreditation, or market regulation.