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GB/T 36687-2018Basic terminology of insurance (English PDF)

保险术语

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Issued by

SAMR; SAC

Level / Type

National · Recommended

Issue date

September 17, 2018

Implementation date

April 1, 2019

Scope

GB/T 36687-2018 is the English-translated version of 保险术语.

GB/T 36687-2018 is the Chinese national vocabulary of commercial insurance, and it gives the terms and their definitions in eleven groups.

It starts from the basic terms - insurance, property insurance, personal insurance, insurer, applicant, insured, beneficiary and policy holder - then runs through the product terms for property, motor and cargo transport, engineering, special risk, liability, credit, guarantee, agricultural, life, annuity, accident and health cover.

Further chapters set out the terms of insurance and underwriting, of contract management, of compensation and payment, of the market and marketing, of intermediaries, of actuarial work, of reinsurance, and of insurance organisation and supervision, and the document closes with an index.

It applies to the conduct and management of insurance business. It was issued on 17 September 2018 and has applied since 1 April 2019.

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Document preview — GB/T 36687-2018

National Standard of the People's Republic of China

ICS: 01.020
Classification: A 11

Issued by: State Administration for Market Regulation; Standardization Administration of the PRC

Foreword
1 Scope
2 Basic term
3 Insurance product terminology
3.1 Property insurance product terminology
3.2 Transportation Tool Insurance Product Terminology
3.3 Cargo Transportation Insurance Product Terminology
3.4 Engineering Insurance Product Terminology
3.5 Special Risk Insurance Product Terminology
3.6 Liability Insurance Product Terminology
3.7 Credit Insurance Product Terminology
3.8 Guaranteed Insurance Product Terminology
3.9 Agricultural Insurance Product Terminology
3.10 Life Insurance Product Terminology
3.11 Annuity Insurance Product Terminology
3.12 Accidental Injury Insurance Product Terminology
3.13 Health Insurance Product Terminology
4 Insurance and underwriting term
4.1 Insurance terminology
4.2 Underwriting term
4.3 Determining the insured term
4.4 Calculating premium terms
4.5 Underwriting term
5 Insurance contract management terminology
5.1 Contract Type
5.2 Contract element
5.3 Contract text
5.4 Contract Management
6 Compensation and payment terms
6.1 Insurance accident term
6.2 Claims
6.3 Rescue
6.4 Compensation
6.5 Compensation and payment
6.6 Subrogation recovery
7 Market and marketing terminology
7.1 Insurance market terminology
7.2 Insurance Marketing Terminology
8 Insurance intermediary term
8.1 Insurance Intermediary Term
8.2 Intermediary services
8.3 Intermediary contract
8.4 Intermediary commission
9 actuarial term
9.1 Product Pricing
9.2 Reserve terms
10 Reinsurance term
10.1 Reinsurance Market Terminology
10.2 Reinsurance Type
10.3 Reinsurance Arrangement
10.4 Reinsurance Contract Management
11 Insurance Organization and Regulatory Terminology
11.1 Insurance Agency Terminology
11.2 Information Disclosure Terminology
11.3 Insurance Regulatory Terminology
Index

Foreword

This standard was drafted in accordance with the rules given in GB/T 1.1-2009.

1 Scope

This standard defines the basic terms commonly used in commercial insurance business, insurance product terminology, insurance and underwriting terminology, insurance contract management terminology, Compensation and payment terms, market and marketing terms, insurance intermediary terms, actuarial terms, reinsurance terms, insurance organization and regulatory terms and definitions.

This standard applies to the development and management of insurance business insurance activities.

2 Basic terminology

2.1 Insurance

The insured pays the insurance premium to the insurer according to the contract, and the insurer creates the accident that may have occurred in the contract. The property damage shall be liable for compensation, or when the insured dies, is disabled, sick or reaches the agreed age, duration, etc. The commercial insurance behavior that pays the insurance liability when the conditions are met.

Note: Insurance is a way for individuals or organizations to transfer their own risks.

2.2 Property insurance

Insurance with the property and its related interests as the subject of insurance.

Note: Property insurance includes property loss insurance, liability insurance, credit insurance, guarantee insurance, etc.

2.3 Personal insurance

Insurance with the life and body of the person as the subject of insurance.

Note: Life insurance includes life insurance, health insurance, accident insurance, annuity insurance, etc.

2.4 Insurer

An insurance company that enters into an insurance contract with the insured and is liable for compensation or payment of insurance benefits in accordance with the contract.

2.5 Insured applicant; proposer

Enter into an insurance contract with the insurer and have the obligation to pay the insurance premium in accordance with the insurance contract.

2.6 Insured

The person whose property or person is covered by the insurance contract and who has the right to claim insurance benefits.

Note: The insured can be the insured.

2.7 Beneficiary

A person who has the right to claim insurance premiums specified by the insured or the insured in the life insurance contract.

2.8 Policy holder; policy holder

The parties to an insurance contract that have the right to claim policy benefits according to law, including the insured, the insured or the beneficiary.

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This preview omits tables, figures, formulas and parts of the technical clauses. The complete document — 70 pages — is available in the English PDF.

Referenced standards

Cited by

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