Health Insurance

AUD Mandatory Health Insurance Effective Fall 2006, Private Health Insurance covering care in the UAE is mandatory to all AUD students. In order to meet this requirement by enrolling in the AUD-sponsored health insurance plan, students are charged a non-refundable AED 1,000 fee on their Fall semester bill covering the period September 1 through August 31. Students with valid current health insurance covering all of UAE may waive this fee Policies and ProceduresEffective September 20th 2008, students must collect their Insurance Cards from the AUD Health Center.

From September 5th until September 20th 2008, medical visits and procedures will be reimbursed through claim forms students can download from AUD website.

Students permanently dismissed or graduating from AUD, before Spring semester, have the choice to apply for a refund after returning the card to the Health Center.

Students joining within the academic year will be charged on pro-rata basis. The amount will be determined by the Insurance Company.Fee for Blood Test for visa is not covered by the insurance. Students sponsored by AUD have to follow the pre-existing policy.

Insurance Industrial Revolution

Insuring the Industrial Revolution fits this bill for British fire insurance, stretching from its roots in the early eighteenth century up to 1850, when it was on the verge of market saturation at home and (if only briefly) world domination abroad. Before this book, the history of British fire insurance mainly rested on three company histories, each longer and more magisterial than its predecessor: Clive Trebilcock’s history of Phoenix Assurance (appearing in two volumes in 1986 and 1999), Barry Supple’s history of the Royal Exchange (1971), and Peter Dickson’s history of the Sun (1959). Pearson integrates these books’ findings with a substantial amount of new archival evidence from other London companies, like the Hand-in-Hand, County, Guardian, Alliance, and Imperial; and from provincial fire offices in cities like Manchester, Newcastle, Bristol, and Leeds. This wider array of sources allows Pearson to bring to the history of fire insurance the same appreciation for regional diversity that has long marked our understanding of such British industries as textiles and coal, and, more generally, to take what he calls a “market-oriented rather than corporate-oriented approach” .Pearson opens with a quantitative chapter tracking premium rates, sums insured, and proportion of insured British property from 1760 through 1850. The latter category, for instance, rose to just over 34 percent from 1770 through 1790, fell during the Napoleonic Wars to under a third, then rose steadily from 1820 until it reached 56 percent in 1850. Since this growth pattern was out of sync with the pace of industrialization (which grew fastest in many sectors between 1780 and 1821), he accounts for it by referring to “supply side” explanations, including profitability(owing to luck or skill in assessing risk), better marketing, and more efficient management, and to unquantifiable “demand side” explanations, such as increased levels of risk aversion. His numbers, in other words, lead him to focus mainly on qualitative factors, which he spends the rest of the book untangling: first in a series of chronological chapters, and then in a set of thematic chapters covering company formation, marketing, underwriting, and investment.

More About Insurance

Bank Insurance Compliance: Fundamentals (BIC) is a self-study course that describes the state and federal regulatory requirements that are imposed on insurance sales by banks and bank-affiliated insurance agencies and broker-dealers.

Who Should Enroll?

The BIC course was developed in cooperation with the American Bankers Insurance Association, an affiliate of the American Bankers Association. It is designed for employees working in bank insurance at financial institutions as well as bank-affiliated agencies and broker-dealers. Insurance company employees who work with the insurance sales areas in banks, their affiliates, and broker-dealer firms, will also benefit from this course.

What Can You Expect to Learn?

When you complete this course, you’ll be able to:

Explain how the state and federal governments divide responsibility for regulating bank insurance operations

Identify the requirements that federal banking laws impose on bank insurance operations

Identify and describe the regulatory requirements that state insurance laws and federal securities laws impose on the marketing and sale of insurance products

Describe how state and federal regulators oversee the operations of insurers and banks that affiliate to market insurance to bank customers

How Can You Enroll?

Students and employees of LOMA member companies may register for the course through their Educational Representative. Members of the ABA, ABIA, independent students, and those less familiar with LOMA's enrollment and exam administration process and requirements may download the BIC Paper Exam Enrollment Form and Instructions to register for the paper exam. Computerized exams are also available to participating member companies via I*STAR, and also at Prometric Testing Centers throughout the United States and Canada.

Can I Get CE Credit or Certification for This Course?

Most states offer CE credit upon successfully passing the BIC examination. To view a chart of states that accept credit for completion of the BIC coursework, click here. Students who wish to earn CE credit or request a Certificate of Course Completion must submit their request in writing.

Students participating at LOMA member companies should apply for CE credit using the BIC CE Credit Request Form.

ABIA, ABA, and Independent students should use the BIC Paper Exam Enrollment Form and Instructions when applying for CE credit.

Additional Benefits of the BIC Course

The textbook and the LOMA-administered examination will each count toward the American Bankers Association Institute of Certified Bankers’ (ICB’s) CRCM (Certified Regulatory Compliance Manager) designation, as follows:

Delivery Method

Credit Hours

LOMA Administered Exam

22.50

Text only

11.25

ICB members must complete and fax or mail a Continuing Education Submission Form to the ICB in order to receive this credit. You can find the form by clicking on "Continuing Education" at www.aba.com\icbcertifications.

Online Tutorial

An Internet-based tutorial is available for Bank Insurance Compliance: Fundamentals. For additional information about the online tutorial, contact the ABA:

American Bankers Association

Phone:1-800-BANKERS

Fax: 202-663-7543

P.O. Box 79064

Baltimore, MD 21279-0064

The cost of the tutorial is $299.95 for non-members or $199.95 for members of the ABA, ABIA, or LOMA.

To Purchase the Text

Cost for the Bankinsurance Compliance: Fundamentals text is $39.95 for non-members and $29.95 for members of the ABA, ABIA, or LOMA. To purchase copies, contact:

PBD Worldwide Fulfillment Services, Inc.

Ph: 800-887-3723 or 770-442-8631

Fax: 770-442-9742

Mail: P.O. Box 930108

Atlanta, GA 31193-0108

E-mail: Lnh@pbd.com

Internet: www.pbd.com

Enrollment Information

If you need information about how to enroll for LOMA exams, click here to access LOMA’s Education and Training Catalog and review the “Exams” section that begins on page 59.

For more information about any aspect of the Bankinsurance Compliance: Fundamentals program, e-mail education@loma.org.

Bank Insurance

Bank Insurance, Business Insurance

Life, Health & Personal Insurance

Established in 1969, the Anthony R. Davis Insurance Agency is widely regarded as The Insurance Specialist to Banks. We are also the Leader in assisting Banks to establish "Bank Owned Insurance Agencies."

We offer a full compliment of insurance products and services for Businesses as well as Individuals through some of the finest insurance companies in America. Through our state of the art computer system and our dedicated team of service professionals we are able to provide you with the fast and friendly service you deserve.

Call today and experience a level of service you only dreamed about. Our friendly and courteous service team is always available to help you!

We specialize in the following types of Insurance:

Personal Insurance

Homeowners

Auto (New Jersey only)

Fire

Umbrella Liability

Boat

Valuable Articles

Business Insurance

Business Owner's Policy

Commercial Package

Bonds

Employment Practices Liability

Workers Compensation

Commercial Auto

Life & Health

Term Life

Permanent Life (Whole Life & Universal Life)

Second to Die Life

Single Premium Whole Life

Annuities

Disability

Nursing Home

Health

Insurance and Services For Banks

Mortgage Impairment Insurance (Mortgage Errors & Omissions)

Mortgage Servicing Force Placed Fire and Flood Coverage

Banker's REO Coverage

Flood Determination Services

Banker's Blanket Bond

Banker's D&O Liability Coverage- Including Entity Coverage

Banker's Specialized Property and Liability Coverage

Voluntary Optional Mortgage Coverage- Life, A&H, AD&D

Credit Related Coverages - Fixed and Revolving

Employment Practices Liability

Blanket Fire (First and Second Mortgages)

Environmental Impairment Liability Coverage

Lender Liability

Bank Insurance

Established in 1969, our organization is widely regarded as The Insurance Specialists to Banks. We understand how banks work and we are experts in the types of Property and Casualty insurance coverages banks need to operate. We can even help you with your “Hard to Place” coverages.

Bank Insurance Agencies

The Financial Services Modernization Act allows all banks to offer a full array of financial products to their customers including securities and insurance products.

Since the early 1980's the Anthony R. Davis Agency has been helping financial institutions set up and operate Insurance Agencies where allowed by law. We have the experience, know-how and track record to make your venture into marketing insurance work.

The Anthony R. Davis Agency offers a "Turnkey" Joint Venture solution to entering this lucrative market. We can also provide consulting services to help you optimize your return if you are already in this market.

Establishing a Bank Insurance Agency will generate Bank Insurance Revenue and Bank Fee Income.

Annuity Exchange

Do you own a deferred annuity but feel the current interest rate you are receiving on your annuity is too low?

Do you need assistance with your annuity but do not have an active agent?

If you do, you are not alone.

The Annuity Exchange Program offers you the opportunity to compare your current annuity contract against other annuities which offer substantially better returns.

Did you know there are deferred annuities available by A+ rated carriers that offer guaranteed rates as high as 6.05 % and guarantee that rate for 10 years!

Is your annuity performing this well?

There is no obligation. Call now for a FREE comparison and find out how your annuity can work harder for you.

Call us at 1-800-752-0150 to speak with a licensed insurance agent and compare your current annuity against some of the strongest annuities available today. You may also e-mail us at info@ardavisagency.com

Insurance

From the late nineteenth century onward, cars began to proliferate in industrialized nations. However, it was not until the invention of mass production by Henry Ford in the early twentieth century that a sharp increase in the number of cars on the road began to occur. This increased risk in two ways. First of all the mere increase in the number of automobiles caused a parallel increase in accidents in general. But it also led to an exponential increase in the number of collisions between cars.
Insurance was not a new concept. It had already existed for centuries. Since the automobile represented a new source of risk it was natural that motorists should find the need to protect themselves from devastating financial loss through insurance. Auto insurance became a legal requirement a short time later.
There are different types of auto insurance policies. They include collision, fire, theft, public liability and comprehensive. Many types of risk are not immediately apparent to the motorist, and we learn sometimes with surprise the types of things that can actually happen. For example it is not immediately apparent to the average driver why their car needs to be insured if they don't even drive it. Ask your insurance agent for a few stories of claims that have occurred where parked cars are concerned and you will soon find out why.
Getting the best auto insurance quote is very important and requires experience and understanding of the product one is buying. This is why it is treated in depth in another article. Insurance rates in the field of auto insurance vary widely. In theory, they are based solely upon the risk the you, the driver, present to the insurance company. Factors influencing the risk include your age, sex, driving record, where you live and the car you drive. In reality, two insurance companies may quote sharply different rates for the same driver and the same car.