The cooperative insurance, despite its advantages but the question of the instability of the value of the subscription carried out by each member of the group that led to the reluctance of insurance Some him.
Therefore, attempts have been made to avoid this by introducing some amendments, such as determining the value of participation in light of the statistical study of the risks that are likely to be exposed to the group with a maximum contribution of Member in the case of increasing the value of risk coverage on total contributions.
That are offset these contributions and the risks that have been covered, if not sufficient Member shall complete its share of the maximum limits agreed upon, and if it is found that such contributions may be covered risks however remain true surplus.
This surplus is made as reserves to cover what is going to be located from an increase in the value of hedging in subsequent years.
التسميات
Insurance cooperative