Glossary entry (derived from question below)
French term or phrase:
annullation d'adhésion
English translation:
cancellation of policy
Added to glossary by
mckinnc
Sep 13, 2001 01:18
23 yrs ago
1 viewer *
French term
annullation d'adhésion
French to English
Bus/Financial
cancelling credit insurance policy
Proposed translations
(English)
5 +2 | cancellation of policy | mckinnc |
5 | anullment of subscription | Parrot |
5 | Cancelation of policy | Nikki Scott-Despaigne |
5 | Notes on mutual insurance | Nikki Scott-Despaigne |
Proposed translations
+2
7 mins
Selected
cancellation of policy
Would sound odd in English to say membership
HTH
HTH
4 KudoZ points awarded for this answer.
Comment: "Thanks again Colin."
34 mins
anullment of subscription
You subscribe or take out a policy.
1 hr
Cancelation of policy
annulation : one "l"
cancellation : two "l"s
If the company concerned is an insurance mutual, then there is always an idea of membership behind it. This probably explains the use of the word "adhésion".
cancellation : two "l"s
If the company concerned is an insurance mutual, then there is always an idea of membership behind it. This probably explains the use of the word "adhésion".
1 hr
Notes on mutual insurance
http://www.namic.org/
US Site buy the explanaiton equally valid for UK contexts.
The mutual insurance concept originated in England in 1696 with the establishment of the first mutual fire insurer. The idea migrated to America with the creation of the Union Fire Company in Philadelphia, Pa., in 1735, founded by Benjamin Franklin, no less.
Unlike stock insurance companies, which are owned by investors who may have no other connection with the company, mutual insurance companies are owned by their policyholders. Policyholders are entitled to vote for members of the company’s board of directors, and may receive special dividends in the form of capital distributions or reductions of policy premiums. Unlike stock companies, mutual companies exist solely to serve the insurance needs of their policyholders, and not to provide investment profits to shareholders.
Mutual insurance companies range in size from small companies operated out of managers’ homes - providing insurance to America’s farmers to protect the dwellings, buildings and machinery that make farming possible - to some of the largest insurers of homes, automobiles and businesses in the world.
US Site buy the explanaiton equally valid for UK contexts.
The mutual insurance concept originated in England in 1696 with the establishment of the first mutual fire insurer. The idea migrated to America with the creation of the Union Fire Company in Philadelphia, Pa., in 1735, founded by Benjamin Franklin, no less.
Unlike stock insurance companies, which are owned by investors who may have no other connection with the company, mutual insurance companies are owned by their policyholders. Policyholders are entitled to vote for members of the company’s board of directors, and may receive special dividends in the form of capital distributions or reductions of policy premiums. Unlike stock companies, mutual companies exist solely to serve the insurance needs of their policyholders, and not to provide investment profits to shareholders.
Mutual insurance companies range in size from small companies operated out of managers’ homes - providing insurance to America’s farmers to protect the dwellings, buildings and machinery that make farming possible - to some of the largest insurers of homes, automobiles and businesses in the world.
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