25.what’s the definition of the principle of loss compensation?

the principle of loss compensation means that if the peril that the contract records happens,the insured may ask for compensation from the insurer according to the contract,but the insured couldn’t gain extra benefit.

26.what’s the definition of the principle of proximate cause?

the principle of proximate cause means that if a cause which makes a peril happens is in the range of insurance obligation,the insurer should compensate for the loss of the insured.

27.what’s the definition of incontestable clause?

incontestable clause means that if a contract has taken effect for 2 years,the insurer couldn’t relieve the contract by the reason that the insured didn’t perform the obligation of notifying.

28.what’s the definition of the misstatement of age?

if the applicant notifies a wrong age when he

proposed the insurance,his premium or compensation money would be adjusted according to the ture age.

29.what’s the definition of the grace period provision?

this provision means that even the applicant doesn’t pay the prepium,the contract is still on effect in the grace period.

30.what’s the definition of the reinstatement provision?

this provision means that if a policy losses efficacy because the applicant doesn’t pay the preium in time, the applicant may apply for reinstatement during a certain period.

31.what’s the definition of reinstatement?

reinstatement means that all the rights and oblibations recorded in the policy are maintained,such as :insurance coverage,insurance deadline,and so on.

32.what’s the definition of suicide clause?

suicide clause means that the insurer pays the insured compensation due to suicide only after the policy has been on effect for 2 years.

33.what’s the definition of the non-forfeiture values and options?

non-forfeiture values and options means that the

applicants have rights to choose different ways to use the cash value of the policy.

34.what’s the definition of the policy loan clause?

policy loan clause means that the applicant may pledge his life assurance policy to the insurer to apply for a loan.

35.what’s the definition of the automatic premium loan clause?

automatic premium loan clause means that if one applicant couldn’t pay his premium in time,the insurer could use the cash value of the policy to replace the premium.

36.what’re the types of life insurance?

1).term life insurance

term life insurance is that only if the insured’s life is end,the insurer would pay insurance money,and its term is fixed.

2).whole life insurance

whole life insurance is that only if the insured’s life is end,the insurer would pay insurance money,and it’s term is the insured’s whole life.

3).pure endowment insurance

pure endowment insurance is that only if the insured is alive during the ruled period,the insurer could pay insurance money.

4).endowment insurance

endowment insurance is that regardless of the insured is alive or dead,the insurer would pay insurance money.

5).participating life insurance

participating life insurance is that the insurance company will allot bonus which is from last accounting year to the clients in a certain proportion.

6).universal life insurance

universal life insurance is that its method to pay prepium is flexible and its insurance money may be adjusted.

7).unit-link life insurance

unit-link life insurance protects the insured and at the same time it possesses at least one investment count which owns some property.

37.what’s the definition of the annuities insurance?

annuities insurance is that only if the insured is alive the insurer would pay insurance money,and the

time of paying cycle is no more than one year.

38.what’s the denifition of the health insurance?

health insurance is that only if the insured is ill or suffers accidents the insurer wouly pay compensation.

39.what’re the types of the health insurance?

1).disease insurance

disease insurance is that only if the insured gets illness which is recorded on the contract the insurer pay the insurance money.

2).medical insurance

medical insurance is that only if the insured is cured by the medical behaviors which are recorded on the policy the insurer would pay the insured medical fee.

3).disability income insurance

disability income insurance is that only if the insured is no able to work because of the illness or accidents which are recorded on the policy the insurer would pay the insurance money.

4).long-term care insurance

40.what’s the definition of the deductible excess? what’s its role in insurance company?

1).the insurer only undertake the part which is more

than a certain sum of money,and the part which the insurer doesn’t compensate is the deductible excess.

2).the deductible excess plays an important role in insurance company,it helps company to save much unnecessary cost and reduce moral risk.

41.what’s the definition of the accidental insurance?

accidental insurance is that only if the insurer is dead or disabled due to the accidents recorded on the insurance contract the insurer would pay the compensation.

42.