What is a carpentry plan?
The carpenter's plan is an insurance plan - more precisely the security plan - named after Guy Carpenter, an insurance broker who introduced this idea in the United States. After using the carpenter's plan, the insurance company increases premiums based on excessive loss, perhaps from national disasters or a large range of car theft. Insurance and securing plans share liability for facilitating losses for both. If the insurance company was to increase its premiums to immediately cover all losses, then customers would probably not be able to pay the bonus; Instead, the plan dictates that any increase in the bonus takes three for five years. The statutory rights of the insurance company do not change when using the Tesar plan. However, the Eesztrates are common and are planned in advance, so that the bonuses are appropriately determined and the insurance company is still gaining profit. If there is an excessive loss that exceeds estimates and threatens the company to go bankrupt, then the insurance company will use the carpenter's plan. This means that the bonuses of all customers fromThey are raised on the basis of excessive loss.
Usually the carpenter's plan is used in the security plan. Securing is when the insurance company is afraid of losing too much money, so it introduces another insurance company to look for demands, but according to the name of the original insurance company and instructions for policy. If there is an excessive loss, but the plan is true, the loss usually affects many different companies at the same time, spreading responsibility and facilitating everyone.
If the insurance company loses excessive amounts of money, then it could push all the losses on its customers and raise money in a month if it wanted, but that would be unethical. If the bonuses were increased so much, the policyholder would not be able to pay large premiums. After using the Tesar plan, all future losses are estimated and a three to five -year plan is created to get all the money back without hitting the customer too hard at once.
InsuranceCompanies have legal liability for payment of insured customers in the event of an accident, car theft or other claim. If this plan is used, the legal right of the insurance company does not change to its customers. The insurance company must still pay for anything about the insurance contract.