Bordero in insurance. What's this?

Border in insurance is a documented list of contracts provided to the reinsurer with a statement of the main conditions. Usually the policyholder, the insurance object and its location, the transaction period, the amount and the premium are indicated.

Definition

As it was said above, a brothel in insurance is a documented list of insurance contracts. They are by their nature divided into preliminary and final. The first kind is sent under the concluded contract, and the second - concerning the contract of insurance on which negotiations are finished and the policy is issued.

Border is sent to the agreed time frame (for example, once a week). In addition, reinsurers at a certain time send reinsurers a contract for losses, in which they provide information on insurance cases, expenses from them.

List of risks in insurance

The list of risks is the amount of liability under the insurance contract, which is expressed with the help of the insured amount. All this is prescribed in the boarder. In insurance, this is important, as the parties begin to understand the level of their responsibility and do everything necessary to protect their interests.

There are various risk classifications that are based on their characteristics. By the nature of the danger: man-made, natural; By the nature of the activity: financial, political, professional, transport, environmental. On objects to which the risks are directed: damage to human life, property, civil liability.

So, a brothel in insurance is a documented list of insurance contracts that are subject to reinsurance, with the definition of the basic conditions sent to the reinsurer. A list of risks involved in it, depends on the characteristics of their occurrence.