<%@LANGUAGE="VBSCRIPT"%>
<%
option explicit
%>
<%
dim rsArticles, sSQL, gStr
set rsArticles = server.createobject("adodb.recordset")
rsArticles.cursorlocation = 3
sSQL = sSQL & "SELECT TOP 10 Articles.Article_ID, Articles.Article_Title, Articles.Article_Excerpt, "
sSQL = sSQL & "Articles.Article_Content, Articles.Article_Posted, Articles.Article_Comments, "
sSQL = sSQL & "Articles.Article_Images, Categories.Category_ID, Categories.Category_Title, Users.User_ID, "
sSQL = sSQL & "Users.User_Name FROM FB_Users AS Users INNER JOIN (FB_Categories AS Categories "
sSQL = sSQL & "INNER JOIN FB_Articles AS Articles ON Categories.Category_ID = Articles.Article_Category_ID) "
sSQL = sSQL & "ON Users.User_ID = Articles.Article_User_ID WHERE Article_Status = 1 AND Article_Level = 0 "
sSQL = sSQL & "ORDER BY Article_Posted DESC;"
rsArticles.open sSQL, adoConn
Do While Not rsArticles.EOF
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rsArticles.MoveNext
Loop
%>
<%=gStr%>
Special conditions
The life office may have felt obliged to apply special condition to the life policy either because of the risk involved or some special area of cover. For instance if cover was excluded for motor cycle racing.
These special conditions will normally be added by endorsement.
Benefits
This deals with the payment of benefits and what the benefit is. Describes exactly what benefit is payable and when and how the amount is calculated. Large sums of money can be involved and there must be no ambiguity.
Relatively straight forward for a straight term insurance where the sum insured is only payable on death. However IPI policies are more complicated where the definition of disability is vital and for critical illness policies where there needs to be a list of illnesses.
Additional benefits
If any additional benefits are provided then these will be endorsed on to the policy. Examples could include,
- Waiver of premium
- Disability benefit
- Double accident benefit
- Increasing cover option
- Critical illness cover
- Terminal illness cover
- Health care benefits
Endorsements
These are conditions added to the basic printed document. They help to change the policy to meet underwriting requirements. These endorsements allow the life office to maintain a standard document wording and to manage changes in that document by way of endorsement.
Policy ownership
The policy will show who the owner of the policy is. That may be the life insured themselves or the policy could be on ‘the life of another’. Once the policy has been issued the ownership can be changed in a number of ways, such as,
- Absolute assignment
- Mortgage
- Trust
- Bankruptcy
Policy record
The life office has to create its own record of the policy contract. This originally would have been done by keeping a register of policies issued or a card record system, nowadays it is done on computer.
The following details are likely to form part of the record system,
- Policy number
- Life insured
- Address for correspondence
- Type of policy
- Terms
- Sum insured
- Premium amount
- Premium frequency
- Any special conditions
- Branch of office involved.
- Intermediary
- Unit allocation
- Unit fund
The record system will also have to record changes in the insurance contract.
These could include,
- Premium payments
- Units allocated
- Units encashed
- Unit fund switches
- Alterations to benefits/premiums
- Loans
- Notices of assignment
next -
Premium Collection