Insurance companies

Insurance companies can be classified in two groups:

* Companies of life insurances, which sell the life insurance, the annual instalments and the products of pensions.
* Companies without life, general, or of propri�t�/d' insurance accidents, which sells other types of insurance.

General insurance companies can be still divided into these secondary categories.

* Standard lines
* Excessive lines

In the majority of the countries, the life and the insurers without life are subject to various modes of standardization and various rules of taxes and accountancy. The primary reason of the distinction between the two types of company is this life, annual instalment, and the businesses of pension are very in the long run in kind - the insurance for the life insurance or a pension can cover risks above many decades. On the other hand, the cover of insurance not-life covers usually a shorter period, such as one year.

In the United States, the standard line insurance companies are the jets principal insurers. In fact the companies ensure typically of the cars, the houses or the companies. They employ or of model political biscuit-cutter without variation of a person to the next one. They usually have premiums lower than the excessive lines and can be sold directly to the individuals. They are regulated by the national rights which can limit the amount that they can invoice for insurance policies.

The excessive line insurance company (excess and surplus of aka) ensure typically of the risks not - covers by the standard lines market. They are largely referred as being all the insurance placed with the nonallowed insurers. Nonallowed insurers are not authorized in the states where the risks are localised. These companies have more flexibility and can more quickly react the insurance companies than standard because they are not necessary to classify rates and the forms while admitted carrying make. However, they always have substantial conditions of standardization placed on them. The national rights generally require the insurance placed with the line of surplus agents and brokers not to be available by the standard authorized insurers.