Aufsätze Ökonomik

Aufsätze Pädagogik

Aufsätze Sozialethik


Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.

Abhandlungen über Johann Heinrich Jung-Stilling

Nachtodliche Belehrungen zur Ökonomik

Nachtodliche Belehrungen zu Persönlichkeiten

Nachtodliche Belehrungen zur Philosophie

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Nachtodliche Belehrungen zu verschiedenen Themen


Credit insurance

The assignment of counterparty risk to an insurer in return for the payment of a premium. – Worldwide, the number of such policies is minimal because – the insurance industry, i.e. insurance and reinsurance companies, operates an extremely strict underwriting policy in this line of business and – the premiums are relatively high (insurance companies specializing in appraising default risk guarantee companies reimbursement of a debt in exchange for a premium equivalent to at least 0.3 percent of the nominal). – In addition, in the credit
In contrast to individual receivables insurance and individual debtor insurance, the principle that applies to the conclusion of a blanket insurance contract is that the policyholder must offer his total receivables from all his current and future customers to the credit insurer (offering obligation). – Furthermore, the policyholder must notify the insurer of all circumstances known to him at the time of application for insurance cover and of those subsequently becoming known to him which may be significant for the assumption of insurance cover – in particular for the assessment of the creditworthiness of his individual customers – such as the dishonor of a check. – Finally, the contracts regularly contain the clause that any kind of risk-aggravating factors must be notified to the insurance company immediately. – Insurance usually required by building societies to cover the death or disability of a building society saver before the loan is repaid (insurance designed to pay the balance due on a loan if the building society saver dies before the loan is repaid; an optional disability insurance is often added to cover the insured portion of the periodic mortgage payments for as long as the insured building society saver remains disabled). – See bid limit, probability of default, credit risk, borrowing power, default, collection, factoring, franchise, loan, non-performing, credit line, credit quality, rent default insurance, monoliner, portfolio insurance, probability of default, rating, reintermediation, debt, non-performing, exuberance. – Cf. for Germany statistics and descriptions in the respective BaFin annual report.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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