There is a close relationship between the premium and the insured risk him, it is through the study and statistical statements insured for this risk insured can calculate the amount of the premium. If change increase or decrease risk change depending on his premium in accordance with the principle relative risk premium . As it is not without risk insurance guaranteed by the insurer it does not secure the financial unrequited paid by the insured, both Be and sides of the insurance process.
And insurance fees for so-called premium if the insured company contribution, but if the insured Association for Cooperative Insurance Exchange or called subscription.
It is noted that during our study of this contrast will use the term which drawer work called fairness in all cases, whether premium or subscription.
The premium parties may agree to pay a one-time one is called with justice, have to agree to pay mine on payments (annual or semi-annual, quarterly or monthly).
التسميات
insurance premium