Polis is.. The origin and modern meaning of the word

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

When two parties enter into an agreement to provide each other with any values (conditional or material), they enter into an agreement between themselves. In the insurance business, the role of such a contract is performed by the policy. This is a document certifying the relationship between the policyholder and the insured person. The insurance contract becomes valid and begins to be fulfilled only after the issuance of the policy. As a rule, this happens simultaneously with the payment of the insurance premium.

What does the word "policy" mean

The word insurance comes from French. There it meant a receipt certifying the receipt of a certain amount of money. This word has become quite popular and is sometimes used in an unexpected way. So, in Buryatia, the newspaper Inform Polis appeared, which has nothing to do with receipts and insurers. Here the word policy is present in the meaning of a leaflet or a small announcement. Well, the phrase "inform policy" lets you know that the sheet contains topical and interesting information.

Insurance policy

But back to the classical understanding of this concept. An insurance policy is a document that can be issued to a specific person or to a bearer. This document certifies the fact of payment of insurance services andguarantees the fulfillment by the insurance company of its obligations in the event of an insured event. In most cases, the obligation of the insurer includes the mandatory payment of the agreed amount of money. The recipient of the money is the beneficiary. It can be both an insured citizen and third parties. The sum insured to be paid is called the insurance indemnity (or compensation).

What defines a policy in modern insurance

The main purpose of the policy is to enumerate the conditions under which an insured event will be recognized as such. Therefore, it must necessarily indicate the rights and obligations of both the insurance organization and the insured himself.

The main meaning of the policy is that it is a document according to which the relationship between the insurer and the policyholder is regulated. The system of modern insurance legislation defines an insurance policy as proof of the signing of an insurance agreement. It is from this point of view that the insurance policy becomes an important evidence when considering insurance disputes in court.

Basic details of the policy

The Law "On Insurance" determines the list of basic details that must be indicated in each insurance policy. This is:

• detailed name of the document;
• full name and details of the insurance company;
• Name, date of birth, full address of the policyholder;
• if the insurance policy is concluded in favor of third parties, the details of the beneficiary are needed;
• detailed data on the insurance object;
• the agreed amount of the amount to be paid upon the occurrence of an insured event;
• complete list of possible insured events;
• insurance rate indicating the insurance premium;
• Expiration of the insurance policy.

This is a basic list of details required for an insurance document. Let's consider the additional conditions that must be written in the CHI insurance certificate.

Medical policy

The MHI policy is designed to provide basic medical care throughout the Russian Federation. It is issued once and free of charge. In this case, mandatory insurance premiums are taxes levied on wages and other income. The amount of contributions to the MHI policy is regulated by law. But the reimbursement for he alth insurance is no longer paid to the holder, but to the medical institution or private doctor who provided medical services.

Medical policy en titles every holder to receive medical care. Refusal to provide medical services in the presence of a policy is unreasonable and may lead to criminal liability. The medical certificate is available to citizens of our country, foreigners or stateless persons. When applying for a policy, the main role will be played by how long citizens plan to stay on the territory of the Russian Federation. If the holder of the insurance certificate is in the country temporarily, then the CHI policy will be valid for a limited period.

Liability insurance

BAt the beginning of the article, we analyzed the situation when the recipient of insurance compensation is not the policy holder, but a third party. A classic example of this type of insurance is the OSAGO policy. This type of insurance is a must for all land vehicle owners.

In this case, the OSAGO policy insures damage from an accident caused by the actions of the policy holder. Liability insurance is present in other services: for example, in the construction business, insurance is concluded between the developer and the insurer, and in the event of an emergency, third parties receive insurance benefits.