中 印 股 市 大 調 整 麥 樸 思 指 抵 買
麥 樸 思 。
(星島日報報道)鄧普頓資產管理行政主席麥樸思昨天表示，中國以及印度股市經過顯著調整後，現在已到了「抵買」的水平。
麥樸思指出，鄧普頓基金現時正按照股票的價值，來重新調整投資組合的比重，他說中印股市今年已跌了很多，現在已到了執平貨（Good Bargains）的時候。
麥樸思一向是新興市場的大好友，除了中印之外，他亦建議吸納巴西以及俄羅斯的股份，因為這兩個國家資源豐富，而現時商品價格仍然在高水平，因此巴西以及俄羅斯的股市會受惠，而這兩國的資金亦十分充裕。
鄧普頓基金現時大約有四百七十億美元（約三千七百億港元）的資金，投資在各國新興市場，當中金磚四國（中、印、俄、巴
西）是主要的投資對象。去年中印股市都大升，但今年卻雙雙跑輸其他地方的股市，例如中國股市今年已下跌超過四成，主要是原材料價格太高所致。
不過，並非所有基金經理都看好中印股市，彭博資訊引述寶源在新加坡的投資主管表示，中印股市現時並不算昂貴，但也不算便宜，盈利前景仍然不明朗。
2008-07-23
Wednesday, July 23, 2008
AUCUPUNCTURE 直接要求州長簽署AB54
針灸保險法案屆關鍵時刻
中醫政治聯盟籲向州長施壓 2008年7月22日
※ 節省煤氣享受回扣優惠
【明報專訊】加州中醫政治聯盟委託州眾議員迪馬利提出的針灸保險法案(即AB54提案)，已於本周一(21日)送達州長辦公室。州長阿諾舒華辛力加日內將決定是否簽署。在此關鍵時刻，加州中醫政治聯盟希望大家為推動本案成功，作最後的衝刺：除了繼續給州長辦公室發送支持信，同時立即開動電話游說。
加州中醫政治聯盟呼籲支持者，直接要求州長簽署AB54。例如：I AM XXX, I SUPPORT AB54, PLEASE SIGN THIS BILL, THANK YOU。
同業們如果對加州中醫界當前形勢，以及有關針灸保險法案的審議進展有任何問題，可向加州中醫政治聯盟(714)572－9481或(916)705－3888或(408)318－2135或加州中醫師聯合總會(415)806－6653查詢。
中醫政治聯盟籲向州長施壓 2008年7月22日
※ 節省煤氣享受回扣優惠
【明報專訊】加州中醫政治聯盟委託州眾議員迪馬利提出的針灸保險法案(即AB54提案)，已於本周一(21日)送達州長辦公室。州長阿諾舒華辛力加日內將決定是否簽署。在此關鍵時刻，加州中醫政治聯盟希望大家為推動本案成功，作最後的衝刺：除了繼續給州長辦公室發送支持信，同時立即開動電話游說。
加州中醫政治聯盟呼籲支持者，直接要求州長簽署AB54。例如：I AM XXX, I SUPPORT AB54, PLEASE SIGN THIS BILL, THANK YOU。
同業們如果對加州中醫界當前形勢，以及有關針灸保險法案的審議進展有任何問題，可向加州中醫政治聯盟(714)572－9481或(916)705－3888或(408)318－2135或加州中醫師聯合總會(415)806－6653查詢。
Wednesday, July 16, 2008
legal terms
Subrogation developed as an equitable doctrine. It facilitates an adjustment of rights to avoid unjust enrichment. To subrogate means 搕o substitute.?So subrogation substitutes one person for another, with respect to a claim or right that the second person has against a third party. In simpler terms and with respect to insurance, subrogation is the right of an insurer to replace the injured insured and to sue the party that is responsible for the damages incurred.
escape clause桾he insurer has no liability if there is other insurance.
pro-rata clause桾he insurer抯 liability is limited to a proportional share of the loss.
excess clause桾he insurer provides only excess insurance over any other insurance.
Life insurance underwriters generally limit keyperson life insurance benefits to no more than five to ten times the key person抯 annual compensation
Insurance consumer protection is discussed as is the societal change from caveat emptor to caveat vendor.
Caveat emptor is a term that encapsulated the judicial approach to product liability in the first half of the 20 th century. The term translates to “let the buyer beware.” It was a clear acknowledgment that the buyer of goods or services was expected to watch out for himself, and it was the prevailing common law doctrine regarding the transaction between buyers and sellers. It informed the buyer not to rely on the legal system to protect him from sellers that might not treat him fairly. Over time this doctrine has fallen out of favor and has been effectively replaced by a doctrine of caveat vendor.
Caveat vendor translates to “let the seller beware.” It characterizes an environment that goes so far as to permit lawsuits against sellers of high-calorie meals in which plaintiffs seek damages because they have become obese. This is the environment in which agents are selling their products and one in which they are at great risk of professional liability.
post-claim representation?/b>Consumers have access to post-claim representation by way of the state bar after they have a claim. Laws have been enacted to protect insurance consumers, and certain remedies are available if they have been treated unfairly.
pre-claim representation桟onsumers have had little or no representation with respect to important issues that arise before the handling of a claim. Such issues are rule-making, rate-making, and policy formation.
Enforceable promise—only the insurer makes an enforceable promise. The insurer cannot require the insured to pay additional premiums .
To avoid litigation in multiple death cases where it is difficult or impossible to determine who survived longer, virtually every state has passed the Uniform Simultaneous Death Act. Under this act, each individual, absent evidence to the contrary, is deemed to be the survivor with respect to his or her own property. In the case of life insurance, the insured is deemed to have survived the beneficiary. Whether the policy beneficiary is revocable or irrevocable is immaterial.
suggests that two classes or types of relationships are appropriately recognized as insurable interests for a life insurance policy:
Pecuniary (monetary) interest, and
family relationship.
Whether it is created before or after the insured event, the right to receive the payment of the insurance proceeds is considered derivative, or secondary.
escape clause桾he insurer has no liability if there is other insurance.
pro-rata clause桾he insurer抯 liability is limited to a proportional share of the loss.
excess clause桾he insurer provides only excess insurance over any other insurance.
Life insurance underwriters generally limit keyperson life insurance benefits to no more than five to ten times the key person抯 annual compensation
Insurance consumer protection is discussed as is the societal change from caveat emptor to caveat vendor.
Caveat emptor is a term that encapsulated the judicial approach to product liability in the first half of the 20 th century. The term translates to “let the buyer beware.” It was a clear acknowledgment that the buyer of goods or services was expected to watch out for himself, and it was the prevailing common law doctrine regarding the transaction between buyers and sellers. It informed the buyer not to rely on the legal system to protect him from sellers that might not treat him fairly. Over time this doctrine has fallen out of favor and has been effectively replaced by a doctrine of caveat vendor.
Caveat vendor translates to “let the seller beware.” It characterizes an environment that goes so far as to permit lawsuits against sellers of high-calorie meals in which plaintiffs seek damages because they have become obese. This is the environment in which agents are selling their products and one in which they are at great risk of professional liability.
post-claim representation?/b>Consumers have access to post-claim representation by way of the state bar after they have a claim. Laws have been enacted to protect insurance consumers, and certain remedies are available if they have been treated unfairly.
pre-claim representation桟onsumers have had little or no representation with respect to important issues that arise before the handling of a claim. Such issues are rule-making, rate-making, and policy formation.
Enforceable promise—only the insurer makes an enforceable promise. The insurer cannot require the insured to pay additional premiums .
To avoid litigation in multiple death cases where it is difficult or impossible to determine who survived longer, virtually every state has passed the Uniform Simultaneous Death Act. Under this act, each individual, absent evidence to the contrary, is deemed to be the survivor with respect to his or her own property. In the case of life insurance, the insured is deemed to have survived the beneficiary. Whether the policy beneficiary is revocable or irrevocable is immaterial.
suggests that two classes or types of relationships are appropriately recognized as insurable interests for a life insurance policy:
Pecuniary (monetary) interest, and
family relationship.
Whether it is created before or after the insured event, the right to receive the payment of the insurance proceeds is considered derivative, or secondary.
Tuesday, July 15, 2008
insurance note from CE class
Statute law梥ometimes referred to as legislative law梚s that law established by a legislative body.
United States law derives principally from two sources: common law and statute law. Common law is the law that developed out of customs and usage and from the decisions and opinions of the courts
reciprocal associations桾hese associations are also referred to as inter-insurance exchanges. Members of reciprocal exchanges were assessed if losses of other members were higher than anticipated
fraternal societies桾hese organizations are also referred to as mutual benefit societies.
Aleatory
Most contracts are commutative, which means that each party to the contract expects to receive from the other party something that is of equal value to what he or she is giving. For example, if one party to the contract agrees to pay $1,000, he or she expects to receive some benefit approximately equal to $1,000. In such a contract, both parties anticipate a relatively even exchange of value. This is not the case in an insurance policy.
Common Characteristics of Insurance Contracts
The common characteristics of insurance contracts, regardless of the type of insurance involved, are that they are
aleatory,
unilateral,
conditional, and
contracts of adhesion.
Aleatory contract—A contract under which performance is conditioned on the occurrence of an uncertain event.
Contract of adhesion—a contract that is drafted by one party and is offered on a take-it-or-leave-it basis, with little opportunity for the other party to bargain terms, price or other elements.
United States law derives principally from two sources: common law and statute law. Common law is the law that developed out of customs and usage and from the decisions and opinions of the courts
reciprocal associations桾hese associations are also referred to as inter-insurance exchanges. Members of reciprocal exchanges were assessed if losses of other members were higher than anticipated
fraternal societies桾hese organizations are also referred to as mutual benefit societies.
Aleatory
Most contracts are commutative, which means that each party to the contract expects to receive from the other party something that is of equal value to what he or she is giving. For example, if one party to the contract agrees to pay $1,000, he or she expects to receive some benefit approximately equal to $1,000. In such a contract, both parties anticipate a relatively even exchange of value. This is not the case in an insurance policy.
Common Characteristics of Insurance Contracts
The common characteristics of insurance contracts, regardless of the type of insurance involved, are that they are
aleatory,
unilateral,
conditional, and
contracts of adhesion.
Aleatory contract—A contract under which performance is conditioned on the occurrence of an uncertain event.
Contract of adhesion—a contract that is drafted by one party and is offered on a take-it-or-leave-it basis, with little opportunity for the other party to bargain terms, price or other elements.
Subscribe to:
Posts (Atom)