Monday, February 17, 2020

Why I wish to attend Virginia Commonwealth University Essay

Why I wish to attend Virginia Commonwealth University - Essay Example When it comes to quality of education offered at VCU, I think there is nothing to worry about. It's a world class university, and I know my certificates will be recognized and respected wherever I find myself across this world. For that reason, I feel that is the right place for me to study. I developed this interest after a summer visit to the campus and consultations with other students who had graduated from this university. They students gave me an insight of what life in this university is really like. And I liked it. The security standard in this school, as well as its proximity to my home is all an added advantage. Emergency telephones across the campus give me a sense of security. It's difficult to study in an insecure environment. I wish to make a name for my self and I am convinced that Virginia Commonwealth University will help me achieve this dream. The university's international student population would also give me the privilege to study in a culturally diverse environment. That means I will study about the cultures of different peoples without having to travel out of this country. After talking to a representative who came to my school to inform me about VCU, my intentions were clear and I 'm ready to attend VCU. He clearly brought out the advantages of studying at VCU compared with the other universities. They were just enormous. And the difference was absolutely clear. I just saw my dream university in VCU.

Monday, February 3, 2020

Demutualisation of Insurance Companies Essay Example | Topics and Well Written Essays - 2000 words

Demutualisation of Insurance Companies - Essay Example It is advantageous to the members as shares can be traded in the equity or stock markets while the membership rights in the mutual companies can not be traded. Thus demutualisation increases the possibility for the involved parties to make profits and at the same time benefit the economy as a whole. Demutualisation was originally used to signify this specific conversion process of the insurance companies. However this term is being used more broadly to describe the process of conversion of any member-owned organisation to become shareholder owned. Conversion of London Stock Exchange and New York Stock Exchange are some of the classic examples in the direction of demutualisation of companies other than insurance companies. The demutualisation of insurance companies is undertaken pursuant a plan of conversion approved by the policyholders and the state legislators Demutualization Claims Clearing House). In the case of mutual life policyholders a time of conversion they may receive stock, cash and/or policy credits in lieu of their ownership rights in the old mutual insurance company. In some cases the compensation is limited only to the subscription rights to acquire shares in the newly formed company. In some other cases the membership rights are transferred to a Mutual Holding Company (MHC) which owns a newly formed subsidiary stock insurance company. In the context of th... These changes include: (1) The traditional life insurance products of life coverage and risk transfers were not favourably looked into by the consumers over the period of time. The consumers showed considerable preference in the wealth management/annuity business which showed good potential for new growth opportunities. (2) The large scale deregulation of the financial services industry with the passing of Gramm-Leach-Bliley Act in the year 1999 eliminated the barriers between the commercial banking, insurance business and the investment banking which paved the way for combining all the business in one entity (3) The modifications brought about in the Internal Revenue Codes abolished the tax advantages which were hitherto available to a mutual insurer and (4) There were a number of foreign insurance companies that showed interest in the insurance market of the United States which changed the structure of the insurance companies Similar circumstances prevailed in the European economies augmented the need for conversion of the insurance companies to stock companies from their original form of mutual companies with the membership of policyholders. Mutual Companies and Stock Companies In a mutual life insurance company the company is owned by the policyholders that make them both insureds and insurers. The policyholders are vested with the right to vote to elect the members of the Board of Directors and also to receive the policy dividends. In the event of insolvency and dissolution, they are also entitled to receive the sale proceeds of the assets of the company. The policyholders as members of the mutual company can have their insurance at the lowest possible cost. They do not have to share the profits of the company