Skills questionnaire Insurance 1. What do we mean by Insurance? A share of the capital of a listed company. Contract by which a person pays a premium to transfer the risk of a possible negative event to another person, who covers and reimburses him or her within the agreed limits. Debt securities issued by companies to finance their operations. 2. In life insurance policies, what is the beneficiary's role? The natural or legal person who receives the economic benefit of the insurance upon the death or survival of the insured. The natural or legal person who receives a periodic sum for the duration of the contract. The natural or legal person who signs the policy and pays the contract premiums. 3. What do we mean by "compulsory social security"? The pay-as-you-go system whereby contributions paid by active workers finance the pensions of retired workers. The contribution system whereby the contributions paid by the worker are multiplied by a coefficient and paid monthly in their pension. The retribution method whereby the average of the wages received in the last years of work is multiplied by the years of contribution and by a certain factor. 4. What do we mean by "complementary social security"? The compulsory contribution system for those who have completed at least two or more jobs. The contribution system which provides for free and voluntary payments to funds or legal entities, which is added to the public pension. The contribution system granted to retired workers who have held public offices. 5. What are Individual Pension Plans (IPPs)? Part of close-end pension funds exempt from collective management choices. Special civil liability policies. Life insurance policies, offered by insurance companies, accessible only for single membership. By continuing, you consent to the processing of data as indicated by privacy policy of the web-site.
