الفائض التأميني في شركات التأمين

Abstract EN

1 - surplus insurance: Is the rest of the insurance premiums paid by the insured in the "Islamic Insurance Company" and its earnings after the performance of the compensation and expenses, and set aside reserves and provisions.

It is owned by the insured without other shareholders; because the insured are the ones who have donated what concerns damages.

What is left of these donations belongs to the insured.

This being allowed, the sum is distributed among them by several means, all of which have been approved; but it is essential to work through one of these methods that it is approved by the Statute of the company.

But, if there is now statement of approval, the surplus should be distributed to all without distinction between custodians who received compensation and those who did not.

2 - It is not allowed originally to keep the surplus on year without distribution, or transferring it to the following year, or using to compensate for losses of another year.

The exception is if the original system of the company allows acting on behalf of the insured because this achieves the best benefit and cooperation among them.

3 - In the event of termination of the policy of the insured by the end of the company's fiscal year; the insured has the right to the surplus for time of partnership but not for the ensuing period.

His sum is calculated on the basis of his installment and duration.

In the case of change of the property insured and its transformation to a new owner; the surplus is given to the old owner who paid the installment; unless he gives his share up to the new owner.

In the case the company's dissolution all accumulated extras arc donated to charity.

4 - All company funds, including excess insurance money are subject to *' Zakat