edf40wrjww2CF_PaperMaster:Desc
Prepared for:
Prepared by:
April 20th, 2005
Debt borrowing from non-bank financial institutions (companies such as insurance companies, pension funds, and trust and mortgage loan companies) has increased in recent years. Non-bank finance companies are not subject to the same federal and state lending regulations as traditional banks. This flexibility allows them to observe different lending patterns and often makes them ideal partners for borrowers requiring unique or customized advance formulas or lending arrangements. Specialized non-bank lenders have emerged, focusing on specific industries or loan needs. However, the services of specialized lenders and financial institutions come at a price, and their benefits must be carefully weighed against their overall cost in the capital structure.
Insurance
The insurance industry is regulated by the Law on Insurance. The Ministry of Finance and Economy is responsible for supervision of the insurance industry and for regulating it.
In order to protect ourselves we purchase insurance coverage that will pay an amount of money in case something catastrophic happens to occur. Life Insurance is purchased in order to protect in case of a death, illness, or retirement. Property Insurance and causality insurance protects and pay for losses in result of a fire, theft, or accidents.
There are two main types of life insurance: individual Life Insurance and Group Life Insurance. Individual Life Insurance is an insurance policy which is sold on at a ti ...