What does insurance compensation mean, what does compensation mean

Insurance compensation refers to the insurance company and some formal loan companies to provide insurance services, the loan company will pay a certain premium to these insurance companies for each loan to guarantee the lender, this cost is often borne by the borrower, if the borrower exceeds the agreed period and still does not repay, then generally by these insurance companies to repay, the borrower's debt will be transferred to the insurance company.

The compensation information generally appears in the guarantee column of the credit report, which will record the time of insurance compensation and the institution of compensation, as well as the cumulative amount of compensation and the balance.

Insurance subrogation is a basic system in insurance law, the purpose of which is to provide double protection to the insured to ensure that the insured's losses are adequately compensated. At the same time, it will not benefit the insured excessively due to insurance payouts.

Insurance subrogation, also known as insurance subrogation, refers to the right enjoyed by the insurer to subrogate the right of the insured to claim compensation from a third party who is liable for the damage caused to the subject matter of insurance. "Insurance subrogation is a system of transfer of creditor's rights recognized by the insurance laws of various countries based on the principle of insurance interests in order to prevent the insured from obtaining double benefits", and it is generally believed that the essence of insurance subrogation is the specific application of the civil law settlement subrogation system in the field of insurance law.

Insurance subrogation refers to the policy loan that is applied for.

The insurance company will repay the loan on behalf of the company. After the insurance company compensates the debt, the insurance company will recover the arrears from the borrower, and if the recovery fails, it will affect the borrower's policy office protection and rights and interests.

Because the lender of the policy loan is the bank, and the loan guarantee provided by the insurance company, if the borrower owes more than 80 days in the previous period, the bank will apply to the insurance company for compensation, and the insurance company will call the loan insurance compensation after the compensation is made. Insurance subrogation refers to insurance companies and some formally operating loan companies.

Cooperation, to provide insurance services, the loan company will pay a certain premium to these insurance companies to guarantee the lender for each loan, this cost is often borne by the borrower, if the borrower exceeds the agreed period and still does not repay, by these insurance companies to repay, the borrower's debt will be transferred to the insurance company.

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Subrogation refers to the act of the creditor having a third party bear the debt on behalf of the debtor when the debtor is unable to repay the debt. Subrogation is a common financial risk measure, which is usually applied to credit loans, mortgage loans, secured loans, etc. For example, when an enterprise is unable to repay the principal and interest of the loan as required by the loan contract, the bank may require the enterprise to provide filial piety collateral or a third-party guarantee to urge it to pay the arrears.

If the enterprise is unable to repay, the bank can pay the arrears to an intermediary or a third party by way of substitution, and transfer the debt to the intermediary or third party to handle the follow-up matters. In this way, the bank can recover some or all of the amount owed from the reimbursement agency or a third party, mitigating the debt risk. In short, subrogation is an act in which a third party performs the debt on behalf of the debtor when the debtor is unable to perform the debt or refuses to perform the debt, and is cautious and bears the relevant debt liabilities and obtains the corresponding benefits.

Compensation. Pinyin is daì cháng.

Explanation: One refers to repayment; Second, it refers to the replacement of an organ with a sound part of the original organ or another organ to compensate for the loss of function or structure.

The idiom comes from: "The Biography of Zhang Ruming in the History of the Song Dynasty": "Jiangyin Wei is poor and sick, the city is straightened from time to time, the envoy wants to be brought to justice, and Ruming is dressed in the middle of the mane and compensates for it." ”

Cited explanation: 1. Reimbursement on behalf of others.

The Biography of Zhang Ruming in the History of the Song Dynasty": "Jiangyin Wei is poor and sick, and the market goods are straightened from time to time, and the envoys of the ministry want to bring the law to justice, and Ruming is dressed in the middle of the mane and compensates for it. Qing Zhaolian "Xiaoting Miscellaneous Records: Cherish the Manchurian Soldiers":

Shang Shi said abruptly: 'I have been twenty years old, and I have been used as a Manchurian soldier, so why not be merciful!' Therefore, at that time, there was a reward, and to pay off the debt, and all the techniques of soothing the words were prepared.

2. When the tissue of a certain organ is damaged, it is replaced by the sound part of the original organ or other organs to compensate for its function.

Compensatory means: the replacement of an organ with a healthy part of the original organ or other organs for an organ that compensates for a defective function or structure.

Pronunciation: dài cháng.

Example sentence: If the increase in heart rate does not compensate, the cardiac output will decrease.

Compensatory sentences. 1. Blood flow remodeling is to achieve the goal of improving the compensatory ability of cerebrovascular vessels.

2. No one can replace others, and those who need psychological compensation are weak-willed people, and I am not in that ranks.

3. Muscle biopsy was mainly a small group of amyotrophia, and enzyme staining showed homotypic muscle grouping and compensatory hypertrophy of muscle fibers.

4. As a result, in order to overcome resistance every time you urinate, the bladder is compensated for hypertrophy, and trabeculae are formed on the surface of the bladder.

5. The anterior skull base and mandible are normally developed, while the compensatory retraction of the inferior alveolar process can lead to pseudomental protrusion in adult patients with cleft palate.

Summary. 1.Insurance Company Compensation:

When the insured suffers an unexpected loss or risk, the insurance company will compensate as stipulated in the contract. 2.Guarantor company substitution:

The guarantee company acts as an intermediary to provide guarantee services for the borrower, and when the borrower is unable to repay the loan on time, the guarantee company will bear part or all of the arrears on behalf of the borrower. 3.Compensation.

**In some cases, in order to maintain public interest or social stability, certain enterprises or individuals will be compensated.

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Substitution rotation refers to the act of having a third party assume the debt on behalf of the debtor when the debtor is unable to perform the debt. The three parties can be creditors, insurance companies or other institutions with solvency and qualifications.

1.Insurance company compensation: When the insured suffers accidental loss, loss or risk, the insurance company will compensate for the difference in accordance with the contract.

2.Guarantee company compensation: The guarantee company acts as an intermediary to provide guarantee services for the borrower, and when the borrower fails to repay the loan on time, the guarantee company will bear part or all of the arrears on behalf of the borrower.

3.Compensation: In some cases, in order to maintain the public interest or social stability, certain enterprises or individuals will be compensated for their annual contributions.

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Guarantee subrogation means that when the borrower is unable to repay the loan on time, the guarantor will repay the loan on behalf of the borrower. Secured subrogation is usually used in situations where the borrower has poor credit or high risk to guarantee that the borrower will be able to obtain a loan. In the case of subrogation, the guarantor needs to bear certain risks because the borrower is unable to repay the debt, and the guarantor needs to repay the debt on its behalf.

What does it mean to be subrogated by security.

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Guarantee substitution means that when the borrower repays the loan on time, the guarantor will repay the loan on behalf of the borrower. Secured subrogation is usually used in situations where the borrower has poor credit or high risk to guarantee that the borrower will be able to obtain a loan. In the case of subrogation, the guarantor needs to bear certain risks because the borrower is unable to repay the debt, and the guarantor needs to repay the debt on its behalf.

Legal basis<>

The legal basis for guarantee substitution mainly includes the Guarantee Law of the People's Republic of China and the Contract Law of the People's Republic of China. Among them, the Guarantee Law stipulates the types of guarantees, the rights and obligations of the guarantor, the validity of the guarantee, etc., and clarifies that the guarantor shall perform the legal obligation of substitution and prudence when the borrower fails to perform its debts. The Contract Law stipulates the form, content and validity of the contract for guarantee substitution, and clarifies the legal effect and legal liability of the contract for guarantee substitution.