—  is a form of insurance regulated by law. It is regulated by legislative acts and includes conditions, scope of responsibility and other details.  

—   a proposal to conclude an insurance contract containing the basic conditions. May be addressed to a specific legal entity or individual.  

—  is a company with a special status, organized in offshore zones with low tax rates. The activities of such companies are not controlled by government agencies of the country where the founders are located.  

—  extension of the validity period of the insurance contract by mutual agreement, which can be done in writing.  

—  is a form of reinsurance in which the reinsurer receives a share of insurance premiums and participates in the payment of insurance coverage.  

—  an insurance or reinsurance company that transfers risk into retrocession.  

—  is a reinsurance company that accepts the risk from the retrocessor.  

1) transfer to reinsurance of risks previously accepted for reinsurance;

2) tertiary placement of risks;

—  is the purposeful actions of an insurance company to reduce or limit risk. Includes risk identification, risk assessment, risk control and risk financing.  

—  are factors influencing the level of risk. All risk situations known to the insured must be reported to the insurance company. They are important for risk assessment and can influence the decision to enter into an insurance contract and pay for insurance coverage.  

—  analysis of proposals from clients received by an insurance company to conclude an insurance contract. Risk selection is important for creating a balanced insurance portfolio of a company. In insurance practice, risk selection is carried out by surveyors. Risk selection is part of risk management activities .  

—  is an analysis of all risk situations that characterize risk parameters in physical and monetary terms. An important assessment criterion is to identify the appropriate group of risks based on their key characteristics. For example, when concluding a personal insurance contract, the person’s age is taken into account. To identify the risk of dangerous diseases leading to death or disability, the client may be referred for a preliminary medical examination. In insurance companies, risk assessment is carried out by surveyors who carefully study and analyze the insured object. Based on the results of the analysis, the surveyor provides the insurance company with a written opinion on the advisability of entering into an insurance legal relationship with the insured.  

—   is a fund created by an insurance company to prepay long term life insurance and pensions. The Fund plays an important role in ensuring the financial stability of insurance operations and fulfilling the insurer's obligations. Life insurance contracts are usually concluded for several years. The reserve fund funds can be used as a credit resource. 

—  are funds created by insurance companies to guarantee the payment of insurance amounts. In the event that current insurance premiums are not sufficient to pay coverage, the company may use reserve funds.  

—  is a document confirming the fact of concluding an insurance contract. The policy must indicate the legal address of the insurance company, the name of the insured, the object of insurance, the amount of the insurance premium and the duration of the contract. When paying for coverage, the insured must present the policy to the insurance company.  

— the purposeful activity of an insurance organization to ensure the harmless conduct of insurance operations and the determination, determination, regulation and differentiation of insurance rates in the interests of policyholders. Tariff policy in insurance is based on the following basic principles:
1.   Equivalence of net premiums and insurance coverage. The net rate for each type of insurance must correspond to the expected volume of losses. 2.   Availability of insurance rates for the main part of the insured. High tariffs can become an obstacle to the development of insurance.

3.   Stability of insurance rates. Long-term stability of tariffs increases the reputation of the insurer.

4.  Ensuring the profitability of insurance operations.

—  is a risk arising as a result of actions of government agencies or groups of organized individuals according to political requirements. Includes military actions, changes in political power or legislation, mass protests of citizens, nationalization, confiscation. The insurance company is released from liability in the event of a political risk.  

—  is a set of insurance premiums received by an insurance company. Includes the number of insured objects and the number of insurance contracts.  

—  is a document drawn up by an insurance company upon the occurrence of an insured event. Includes causes of damage or destruction of property, extent of damage and other indicators. In international insurance relations, the act is drawn up by an adjuster and is essentially close to an emergency certificate.  

—  is the difference between the cost of insurance services and their cost. Formed as a result of insurance operations. Determined on the basis of the balance sheet method by comparing income from insurance premiums and the cost of insurance operations. The cost of insurance operations includes direct and indirect costs of the insurance company to provide insurance protection. When calculating the insurance rate, the share of profit in the premium to the net rate is usually taken into account. Depending on the source of formation, real insurance profit includes profit from reducing the loss ratio of insurance amounts, profit from saving management costs, investment profit and profit established in the tariff.  

—  is a voluntary association of several insurance companies, which does not have the status of a legal entity, in order to fulfill insurance obligations and ensure the financial stability of insurance operations. Insurance money is mainly organized for the purpose of insuring dangerous, large objects. Each company monetizes its insured risk and receives a portion of the collected premiums in the form of money. Assumes responsibility for paying insurance compensation in the amount of insurance premiums received. An insurance fund has been created to insure aviation, nuclear and military risks in foreign countries.  

—  is the life, health and ability to work of citizens with personal insurance: with property insurance   interests associated with the safety of buildings, devices, vehicles, housing property, transported goods and other material assets; The object of civil liability insurance   liability insurance is damage caused to a person by the actions of an individual or legal entity. To assess the risk, the insurance object can be examined by specialists from the insurance company.

—  is a measure of the material interest in insurance. This applies to objects that can cause material damage to the insured person as a result of an insured event   property or cases of damage to third parties. For example, if the insured's car is damaged in a traffic accident, the insured has an interest in that property, and insurance acts as a measure of the material interest. 

—  is a document describing a risk. Created by an insurance broker and provided to the underwriter. The slip indicates the insurance company's share in the risk insurance. In England, a slip is equivalent to an insurance policy and can be used as the main document when paying out insurance coverage ..  

—  is a form of healthcare organization that provides compulsory insurance against various diseases. The medical insurance fund is formed from the salaries of employees, the profits of entrepreneurs, government subsidies and the mandatory distribution of charitable funds. A health insurance policy is issued to the contingent insured under medical insurance. Medical care is provided to the insured if he has a health insurance policy. In this case, the health insurance company enters into an agreement with the policyholder, on the one hand, and with medical institutions, on the other.   

—  the value of property determined for insurance purposes. In practice, assets are valued at actual cost, market value and other values. If necessary, qualified specialists are involved to correctly calculate the cost of insurance. Real information about the cost of insurance is important in determining the amount of insurance coverage and the amount of insurance premium. According to current legislation, the insured amount should not exceed the insured value of the property.  

 1) a set of various insurance companies and their relationships with insurance control.

2) insurance   a state legal form of organizing legal relations.

—  is a sum of money corresponding to the insurable interest and insured risk. In international practice, the amount insured is called insurance coverage. The insurance premium is determined and the coverage is paid from the sum insured. The term sum insured is more often used in personal insurance   life and health insurance of citizens. 

—  an economic indicator characterizing the relationship between the insured amount and the payment of insurance coverage. This indicator shows the probability of loss and is used to monitor changes in risk. The damage indicator of the insured amount is formed under the influence of the following factors: the number of insured objects and their insured amount, the number of insured events, the number of damaged objects and insurance coverage. The indicator of harmfulness of the insured amount is determined for each type of insurance or type of liability depending on the structure of net tariffs. If the loss ratio is close to or higher than the net rate, this indicates a high degree of loss on the sum insured.  

—  is a set of rules of conduct for insurers, insured persons and intermediaries between them. The right to insurance is reflected in the law and legal documents. Insurance law is part of financial law.  

—  is an indicator reflecting the level of building fires, the level of road accidents, the level of disability of the population and similar levels. The ratio of the number of insured events to the amount of insurance coverage or the number of insured objects determines the frequency of insured events.  

–  is an association of insurance companies created for the purpose of coordinating insurance activities, protecting the interests of members of the association before the legislative and executive bodies of the state, as well as establishing mutually beneficial relations between local insurance companies and foreign insurance companies. Examples of this include the International Association of Mutual Insurance Societies , the Technical Risk Insurance Association and the UK Insurers' Association. Currently there is no association of insurers in Uzbekistan. Only the Union of Automobile Insurers operates. 

–  is the largest amount of insurance coverage paid independently by a branch, division, or subsidiary of an insurance organization for one insured event. This amount is determined by the management of the insurance company, based on the level of damage to the insured amount at the facilities, personnel qualifications and other factors.  

– is the maximum possible level of liability of the insurance organization, determined on the basis of the concluded insurance contract. The insurer's liability limit is reflected in the insurance policy.  

–  an individual who, on the basis of a concluded employment contract, is considered the sole executive body of the insurer (insurance broker) or heads the collegial executive body of the insurer (insurance broker) as an appointment or election in accordance with the law and the constituent documents of the insurer ( insurance broker);  

–  is an individual who performs the functions of accounting and financial management, controlling the rational and economical use of material and financial resources.  

–  is an employee of an insurance company who conducts an inspection of the insured property. Based on the surveyor's conclusion, the insurance company decides to conclude an insurance contract.  

– is an assessment of the insurance risk, expressed as a percentage of the insured amount. Consists of the net rate and a premium to the net rate. The net rate reflects the insurance company's expenses from the insurance fund. The net rate premium includes company operating expenses, commissions and other expenses. The tariff rate for personal insurance differs significantly from the rate for property insurance. In life insurance, the rate is calculated according to the life cycle table and rate of return.  

–  is a branch of mathematics that studies the probability of random events and their relationship with other events. Based on probability theory, it is determined whether the probability of random events occurring is high or low. Probability theory is an important tool in actuarial calculations.  

–  is a type of proportional reinsurance. In facultative reinsurance, a separate contract is concluded for each risk. The cedant independently decides whether reinsurance is required for each risk. In turn, the reinsurer can also accept or reject the cedant's offer.  

– obligatory contract   is a reinsurance contract under which the cedant is obliged to provide the reinsurer with any insurance risk of a certain category, and the reinsurer, in turn, is obliged to accept them. 

–  is a part of the damage from which the insurer is exempted under the terms of the insurance contract. The deductible can be conditional or unconditional and is determined as a percentage of the insured amount. With a conditional deductible, the insurer is released from liability for damage not exceeding the established deductible amount. If the damage exceeds the deductible amount, the insurance company covers it in full. With an unconditional deductible, damage is covered minus the deductible amount.  

 –  is a fee for transporting goods by sea or air. Payment is made based on the tariff or contract of carriage. In marine insurance, a charter policy is written and issued to the charterer.  

 –  is an insurance company that issues an insurance policy on its own behalf at the request of another insurance company. The fronting insurance company transfers the accepted risk 100% to the requesting insurance company and receives a commission for it. There are several fronting companies in Uzbekistan, for example, Anglo Tashkent, UzAIG. 

–  is an insurance company that carries out secondary placement of risk, that is, transfers the risk to reinsurance. The secondary assignee is called a retrocedent.  

 1) the process of transferring insurance risk to reinsurance. Used in legal relations between the reinsurer and the assignor.

2) In foreign practice, this means the insurance premium received by the assignor  

–  is insurance against the risk of loss of profit due to production stoppage due to the occurrence of an insured event.  

–  is a contract for reinsurance of losses for a given type of risk.  

–  is a form of non proportional reinsurance. In this case, the reinsurer covers that part of the losses that exceeds the amount of losses remaining on the responsibility of the cedant. 

– is a type of insurance in which the object of insurance is the interests of citizens in relation to life, health and ability to work. Personal insurance is divided into life insurance, accident insurance and health insurance. It has risk and savings functions. In foreign practice, personal insurance consists of four classes of insurance related to the likelihood of events in a person’s life (birth, death, reaching a certain age, marriage). Broadly speaking, personal insurance includes term life insurance, mixed insurance and annuities.  

—  is a system of international agreements on compulsory civil liability insurance for vehicle owners. This type of insurance is confirmed by the policy. The Green Card Agreement was concluded in 1949 between 13 European countries. At the moment, there are more than 30 countries participating in the green card. In the countries included in the green card system, corresponding national bureaus have been created to coordinate work related to the green card. In turn, the national bureaus are united into the international green card bureau. Its headquarters are located in London.