tailieunhanh - Understanding insUrance Basics

The data revealed some potential trends in illicit activity. Some of the typologies evidenced in the narratives appeared very similar to classical examples of the money laundering stages of layering and integration. 1 For example, subjects sometimes used multiple cash equivalents (., cashier’s checks and money orders) from differ- ent banks and money services businesses to make policy or annuity payments, and then cashed out the insurance products to potentially disguise the original source of the funds. Also, some customers seemed unusually willing to incur significant penalties for surrendering their annuities before full term. . | Financial Consumer Agence de la consommation Agency of Canada en matière íinancière du Canada INSURANCE UNDERSTANDING INSURANCE BASICS Financial Consumer Agency of Canada IT PAYS TO KNOW. _1 Canada About FCAC With educational materials and interactive tools the Financial Consumer Agency of Canada FCAC provides objective information about financial products and services to help Canadians increase their financial knowledge and confidence in managing their personal finances. FCAC informs consumers about their rights and responsibilities when dealing with banks and federally regulated trust loan and insurance companies. FCAC also makes sure that federally regulated financial institutions payment card network operators and external complaints bodies comply with legislation and industry commitments intended to protect consumers. You can reach us through the FCAC Consumer Contact Centre by calling toll-free 1-866-461-3222 TTY 613-947-7771 or 1-866-914-6097 or by visiting our website . Her majesty the Queen in Right of Canada Financial Consumer Agency of Canada Cat. No. FC5-24 2011E-PDF ISBN 978-1-100-18125-7 February 2011 TABLE OF CONTENTS Whatisinsurance 2 How does insurance work 2 Why would I need insurance 2 Understanding the language of insurance 3 Life and health insurance 5 Life insurance 6 Health insurance 8 Property and casualty general insurance 9 Home property insurance 10 Tenant renter s insurance 11 Auto insurance 11 Business insurance 12 Credit or debt insurance 13 Buying insurance 14 Where can you get insurance 15 Choosing an insurance agent or broker 16 Choosing an insurance company 17 Qualifying for insurance 18 How are premiums calculated 18 Maintaining your coverage 18 Cancelling your coverage 19 Making a claim 19 Protecting yourself from insurance scams 20 If you have a complaint 20 The complaint process 20 Resources 22