The insurance company can transfer some of the money cost from the poor and unhealthy to the healthy.
Deficiencies in current accounting requirements may be encouraging banks to transfer credits to insurance companies or other institutions, and that transfer may well not be transparent.
Since Indian banks are restricted from investing more than 20% of their net worth in nonbanking businesses, Kamath wants to transfer the insurance and asset management businesses to the newly created ICICI Financial Services, a holding company.
Headquartered in San Diego, Mitek Systems (NASDAQ: MITK) is a mobile imaging software solutions provider that allows users to remotely deposit checks, pay their bills, get insurance quotes, and transfer credit card balances by snapping a picture with their camera-equipped smartphones and tablets instead of using the device keyboard.
Although debt-financed transfer payments may make insurance look cheaper, they do not change its true social cost.
If and when outside resources are required to honor their promises, these entitlements become transfer programs, not insurance programs.
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They said he also manipulated the unemployment-insurance tax system, using shell companies to transfer employees from one business to another in order to receive a lower rate.
While it garnered support from the French, the central unemployment insurance was quickly knocked down by Germany, which saw it as a fiscal transfer through the back door.
R. and you say, "I have this problem but no coverage and you, by law, have to care for me" and you transfer that cost to someone else in the system that is paying for insurance.
More important, they make transfer payments through programs like Social Security, Medicare, Medicaid, food stamps, unemployment insurance, and housing vouchers.
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In June, GM said it will offer 42, 000 white-collar retirees in the U.S. a lump-sum payment in lieu of their monthly pension check and will transfer pension responsibility for 76, 000 others to a group annuity plan managed by Prudential Insurance.
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The paperwork, if complete, may show that your parents at some point transferred policy ownership to you. (A call to the insurance company can confirm this.) If they didn't, you'll have to ask them to transfer it or, if they've died, trace ownership through their estate.
Second, a scheme to transfer direct ownership of shares in RBS and Lloyds from the state to 50 million adults on the National Insurance register probably requires the kind of massive IT project which the public sector has a history of bungling on a world-class scale.
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