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In 2001/02 third-party liability insurance accounted for 46% of premiums, followed by health insurance (13%), fire insurance (around 10%) and life insurance (9.9%). [6] Insurance industry’s payout ratio stood at 63.8% during the fiscal year ended in March 2016. Insurers' generated premiums totaled $6.5 billion during the said period.
The Insurance Act of 1938 [8] was the first legislation governing all forms of insurance to provide strict state control over insurance business. Life insurance in India was completely nationalised on 19 January 1956, through the Life Insurance Corporation Act.
GSIS is also the administrator of the General Insurance Fund by virtue of RA 656 (Property Insurance Law). It provides insurance coverage to government assets and properties that have government insurable interests. It is not possible for non-government employees, self-employed or non-working persons to become members of the GSIS.
[160] [161] This made Canada the second largest investing country in the U.S. for 2018 [162] US investments are primarily directed at Canada's mining and smelting industries, petroleum, chemicals, the manufacture of machinery and transportation equipment, and finance, while Canadian investment in the United States is concentrated in ...
In a 2021 report, the National Insurance Crime Bureau stated that "in 2018, there were 1,298 catalytic converter thefts reported. In 2019, it was 3,389 reported thefts. In 2020, reported catalytic converter thefts jumped massively to 14,433, with December leading the way with 2,347 thefts, or roughly 16 percent of the yearly total – in just ...
Egypt's Al-Chark Insurance Company (part of Misr Insurance since 2007) was the first to set up an agency in Transjordan towards the end of the 1940s and was one of the first in Iraq under the 1936 law, where Edward Fram acted as their first representative.
Auto insurance risk selection is the process by which vehicle insurers determine whether or not to insure an individual and what insurance premium to charge. Depending on the jurisdiction, the insurance premium can be either mandated by the government or determined by the insurance company in accordance to a framework of regulations set by the government.
The Mines and Geo-sciences Bureau (MGB) is a government agency of the Philippines under the Department of Environment and Natural Resources (DENR). The MGB is responsible for the conservation, management, development and use of the country's mineral resources, including those in reservations and public lands.