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principle insurance

Comprehensive Analysis

1) "Principle" -- As to principle insurance prin·ci·ple Pronunciation: 'prin(t)-s(&-)p&l, -s&-b&l Function: noun Etymology: Middle English, from Middle French principe, principle, from Old French, from Latin principium beginning, from princip-, princeps initiator -- more at PRINCE 1 a : a comprehensive and fundamental law, doctrine, or assumption b (1) : a rule or code of conduct (2) : habitual devotion to right principles <a man of principle> c : the laws or facts of nature underlying the working of an artificial device 2 : a primary source : ORIGIN 3 a : an underlying faculty or endowment <such principles of human nature as greed and curiosity> b : an ingredient (as a chemical) that exhibits or imparts a characteristic quality 4 capitalized, Christian Science : a divine principle : GOD - in principle : with respect to fundamentals <prepared to accept the proposition in principle> usage Although nearly every handbook and many dictionaries warn against confusing principle and principal, many people still do. Principle is only a noun; principal is both adjective and noun. If you are unsure which noun you want, read the definitions in this dictionary. Pronunciation Symbols For the term in chemistry, see principle (chemistry). Not to be confused with principal. A principle signifies a point (or points) of probability on a subject (e.g., the principle of creativity), which allows for the formation of rule or norm or law by (human) interpration of the phenomena (events) that can be created. The rules, norms and laws depend on and co-create a particular context to formulate. A principle is the underlying part (or spirit) of the basis for an evolutionary normative or formative development, which is the object of subjective experience and/or interpretation. For example, the ethics of someone may be seen as a set of principles that the individual obeys in the form of rules, as guidance or law. These principles thus form the basis for such ethics. Reducing a rule to its principle says that, for the purpose at hand, the principle will not / cannot be questioned or further derived (unless you create new rules). This is a convenient way of reducing the complexity of an argumentation. The point of principle allows to create all probable versions under its subjective theme, as its reality creation/evolvement under that subject is open-ended and unpredictable relying on choice and option. Rules and laws capture a consensus that certain actions and events will occur under a principle (or a combination of principles). A principled view for example, implies that an individual has a firm understanding of the underlying principle(s) of events and the rules and laws which govern them inherently and according to our consensus. Principled approach Law (principle) ..." 2) "Insurance" -- As to principle insurance 1in·sur·ance Pronunciation: in-'shur-&n(t)s also 'in-" Function: noun 1 a : the business of insuring persons or property b : coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril c : the sum for which something is insured 2 : a means of guaranteeing protection or safety <the contract is your insurance against price changes> Pronunciation Symbols Financial market participants Investors Speculators speculation Institutional investors Insurance companies Investment banks Hedge funds Mutual funds Pension funds Private equity funds Venture capital funds Banks Credit Unions Trusts Prime Brokers Finance series Financial market Participants Corporate finance Personal finance Public finance Banks and Banking Financial regulation v d e Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium. Insurer, in economics, is the company that sells the insurance. Insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. 1 Principles of insurance 2 Indemnification 3 Insurer’s business model 4 Gambling analogy 5 History of insurance 6 Types of insurance 7 Types of insurance companies 8 Life insurance and saving 9 Size of global insurance industry 10 Financial viability of insurance companies 11 Controversies 11.1 Insurance insulates too much 11.2 Complexity of insu..." 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