Insurance Legal Analysis And Practice Of, Competing

It is analysis in different areas of competing insurances in this paper, such as the concept of insurance, competing forms of expression, legal issues and insurance practices etc. We discuss exhaustively treatment methods and the principle of responsibility allotting when the accidents of competing insurances occur. It focuses on analysis of competing insurances in the insurance practice problems and solutions. And the following conclusions:â‘ The competing insurances are defined to fill in the loss of the nature of insurance, which occurred existing two or more insurers on the same subject matter insured losses and caused by the same insurance for the insured person bearing the liability insurance situation.â‘¡The general competing insurances include double insurers. The narrow competing insurances refer to the phenomenon that several insurers should pay insurance money to the same objects when insurances accident occurred. But currently, there is no clear legal concept of competing insurers, so we can refer to the relevant provisions of double insurances, the competing insurances requirements and competing for understanding.â‘¢A separate insurance contract of Insurance competing each involved can be settled, but the insurance contract need to share losses because of competing determines the specificity of the insurance covered. Many insurers in the performance of the insurance contract in the process should consider the losses to apportionment. The allocation principles of the competing insurance include no responsible for the term, excess insurance policy and he terms apportioned. The terms apportioned among competing compensation insurance is the most common and relatively fair.â‘£The insurance unit of information does not match and lack of communication that is mainly due to the various competing insurance in the insurance practice, so should be established a system of competing insurers which can avoid or reduce problems. I think that should be emulated across the country to pay high insurance motor vehicle insurance information search platform to establish for the same insurance, the insured person or the same subject, in the same insurance enter insurance information inquiry system. The insurance companies can be found by the insured in this system person's insurance coverage, and if the same kind of insurance, the insurance coverage may show the company name, if different types of insurance, the insurance can display the name, so that when the insured event occurs, the insurance company can be learned from the duplication of insurance or the system the case of competing insurers, by law or contract for claims processing. More importantly, it can prevent insurance fraud; the same time to avoid the same or different in different insured for the same insurance company insured person or insured separately. In accordance with "Insurance Law" provides, the insurers give even more of the premium the insured investment at property insurance, but the amount of compensation can't exceed the actual value of property damaged. So the insurers also avoid the insured to pay more insurance costs because of the insurance information inquiry system. Created the query platform of facilitate the insurance can be supervised to insurance companies by Insurance Regulatory Commission, which find various insurance companies to detect irregularities in the review process occurs.