Saturday, June 12, 2010

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NEWSLETTER OF THE INSURANCE MARKET WEEK N # 01/06/2010 VENEZUELAN



Insurance Act are asked to approve.



Deputy Tirso Silva, a member of finance committee of the National Assembly, called on this instance to make the necessary arrangements to run the Insurance Activity Act, adopted at the plenary of the parliament for over a month. The deputy claimed that during this time there have been complaints about the operation of policies, ranging from delays with the keys to the increases in premiums and deductibles to be paid by users.


Silva said yesterday during the regular meeting of the committee, which have been notified of cases where patients have died waiting for the key in emergency rooms. "We recently had two cases. The first the player Oscar Azocar, who arrived at 11 am and he was treated at 4 pm. And yesterday (Tuesday), a lady in Guarenas came to the emergency room at 11 pm and died in a wheelchair at 3 in the morning, because not treated, "he told the deputy. Under the new law, health centers should not require insurers key to serve the users.


addition, Silva said he had received information that the policies renewed in the last month have been significant increases in both deductibles, and premiums. "The amounts charged by insurers have risen to double in some cases. We have known of deductibles ranging up to 1,500 VEB, "denounced the Miranda state parliament.


On the subject deputy Ricardo Sanguino, president of the finance committee, reported that the Law is currently being reviewed by the Attorney General's Office. But added that yesterday would call the attorney, Gladys Gutierrez to discuss the case.


also Sanguino called for private health facilities to prevent the inhumane actions, and insurance companies "do not act improperly "when referring to increases in the costs of policies. He added that actions will against the health centers where people have died of key cases, and expect the performance of the Insurance






Insurance Chamber Venezuela: Draft of the Insurance Activity Act goes against the Art.86 of the Constitution.


According to legal study of the Insurance Chamber of Venezuela, the Draft Law on Insurance Activities by the National Assembly enacted violates the Constitution because it calls for the privatization of health protection and welfare of Venezuelans through the private insurance sector, issues to be covered by the state, as mandated by Article 86 which states that "everyone has the right to social security as a public service non-profit organizations that ensure the health and protection in contingencies of maternity, paternity, sickness, disability, catastrophic illness, disability, special needs, occupational risks, loss of employment, unemployment, old age, widowhood, orphanhood housing, burdens of family life and other social welfare circumstances. "

In this regard Article 86 of the Constitution makes clear that "the State has an obligation to ensure the realization of this right, creating a universal social security system, comprehensive, social financing, unitary, efficient and participatory contributions direct or indirect. "

The Insurance Chamber Venezuela has reiterated on several occasions the importance of understand the unavoidable role of the State to offer protection to all Venezuelans, especially the disadvantaged, and where the private sector plays a complementary role and not replacement as proposed in the bill passed and is in contradiction with the provisions in Article 86 of the Constitution.

Hence, legally, it is understood that the Draft Law on Insurance Activities National Assembly are moving to the private sector an issue that can not be delegated, required and essential role that the State is constitutionally defined, where virtually what is proposed in this Bill is the privatization of health protection of Venezuelans. Is not contemplating a universal scheme, compulsory and contributory so that eventually the Draft Law on Insurance Activity establishing an unbalanced and evil where there is no solidarity between the components because in this scheme the option sure is voluntary, so that young people bring to the elderly, and do not contribute to healthy patients.

Hence, the trend will ensure that only the sick and the elderly, which will mean that the cost of the policies will be increased to the point of being unaffordable for the pockets of Venezuelans healthy of young people, who tend regularly to ensure prevention, costs will also be unmanageable for those who are ill or elderly to come to ensure for the first time, who should normally be addressed by the national public system, as provided by Constitution.

The fall in this way all the responsibility to protect national health insurance on the private sector will be technically feasible safe delivery of the Venezuelans will break the balance that allows for sustainability in the provision of insurance




Insurance Federal Government intervenes.


The Superintendency of Banks stepped in Federal Insurance, Investments Corporation Cremerca and Placement, the first non-stop financial intermediation, according to the published in Official Gazette 39,448.


The three companies are also owned by Nelson Mezerhane, owner of Federal Bank, ordered the government to intervene in private on Monday. Cesar Orellana and Mary Robles Espionoza up the oversight board of Cremerca and Loans Corporation, while Orellana, Belkis Velasquez Silva and Senior Cecilia Rodriguez are members of the Federal Insurance.


At the same time, the Minister of Public Bank, Humberto Ortega Diaz said in an interview with the state channel, Venezolana de Television that those over 60 years would be the first to cash their Federal Savings Bank , from 25th June.


From that day saved can go to agencies that deliver the savings banks, both private (Banco del Caribe, Caroni, Exterior, Commercial, Banco Provincial, BOD, Banesco, BFC Common Fund, Commercial and National Credit Bank) or public (Venezuela banks, treasury and Bicentennial). The rest of the depositors may withdraw their savings from 2 July.










reinsurance insurers must pay in dollars.


insurance companies established in the country are in a dilemma, and it's knowing where to turn for the necessary foreign exchange to pay for reinsurance. To date, went to Cadivi for this procedure and have brought delays and problems with reinsurance companies, we must remember that reinsurance is a guarantee to users if the insurance company for some reason can not answer. Reinsurance are international companies that are responsible for securing insurance companies. That is why the cancellation of the fee should be in dollars.

would be interesting to listen to the House Insurance and also talk about the Central Bank, which is that there must be clear that there A new law on illegal currency and any mistake could bring penalties for directors of insurance companies.

But you also have to narrow that if you use Cadivi, the estimated price would be 4.6 per dollar but if it goes to the Central Bank, the price is hovering at minus 5.3 per dollar. While the Central Bank and the authorities have denied that this is a further devaluation, it is clear that if the insurance companies must pay a higher figure for every dollar paid to reinsurance companies, the cost will be transferred to users premium will be canceled.
Undoubtedly, this month will be very difficult then for managers of different insurance companies without receiving a response from the authorities and a camera line that brings together because each who will make decisions on a discretionary basis may subsequently affect both businesses and consumers


National Chamber Mechanical Workshops CANATAME Great reunion with the Superintendent of Insurance, there is good news for Premier workshops that let them into debt, "They left without money." We warned the workshops and take no forecasting purposes. DO NOT GIVE CREDIT TO INSURERS MUST CANCEL THEIR INSURED WITHIN 30 DAYS AFTER THE ACCIDENT REPORTED. ...
workshops must register their debts to the Board by Comptroller. CANATAME It will do in the Group. TENMA MORE !!!!!!!!!!! UNITED FORCE We currently have approx CANATAME
700.000BsF, we owe all insurers, to invoices without canceling the 2008


TAX FOR TWO THOUSAND UNITS THAT FAIL TO COMPLY WITH NEW LAW INSURANCE

Two thousand tax units for insurers to comply with new law in May 1924 , 2010 - 07:35 (atovar) will be regulated the activity of 50 insurance companies, four reinsurance companies, 150 insurance brokerage firms and 15 000 insurance brokers / insurance companies will give 1% to a fund to be created in the Mpps to strengthen national public health system Up to 2 000 units will be tax penalties for insurers who fail to comply with the statutes of the new law to govern these institutions informed the vice president of the Finance Committee of the National Assembly, Simon Escalona. "It's the law not only as insurance companies, but also for third-party servers like clinics. So we are strengthening the Superintendency of Insurance Activity, the entity of the State which will monitor, for which it has to resize. " It should, according to the parliamentary regulate the activity of 50 insurance companies, four reinsurers, 150 insurance brokerage firms and brokers 15 000 insurance. Warns: "These insurance companies have hit back". "We set, therefore, the coordination between the Ministry of Popular Power for Health (Mpps), the People's Ministry for Trade (Mincomercio) with Indepabis, Superintendent of Insurance Activity and the Superintendency of Competition. Escalona said that insurance companies should give 1% to a fund to be created in the Mpps to strengthen national public health system. Insurance also announced that Previsora \u200b\u200bemployees receive the Bolivariana de Seguros following its merger


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Hiring a security service for the Ministry of Science and Innovation

07/06/2010

The Government Gazette published today a notice aimed at hiring a service life and accident insurance for staff in the Ministry Science and Innovation.

Among the specific requirements of the contractor are: Economic and financial and technical expertise and training: economic and financial solvency, and overall turnover in the field of life and accident insurance, DG Certification Insurance and Pension Funds and Volume of active and passive operations and fulfills. obligations. Technical expertise and training: At least 3 contracts concluded in the life insurance contracts and accident and something similar to this

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