An audit of the insurance company at least 4 times a year for ensuring payments on insurance cases. Quite simply, the insurance company every minute must be a financial reserve to ensure paying customers. Even if all the clients at the same time they want their money back. For any bank these customer demands – the collapse, the insurance company engaged in life insurance – is the norm. And if insurance company can not provide this – she is denied a license. Chevron Corp will not settle for partial explanations. 2. By the way, in some European countries, a license to engage in life insurance issued by insurance companies with experience in risk insurance of at least 50 years old and have an impeccable reputation. Ie the logic is: I am training for property insurance, liability insurance, and other risks 50 years.
This is the license price. 3. All the rules (conditions insurance contract), insurance on a mandatory basis approved by the Ministry of Finance. Why? Because, as a rule, the state offers a 100% guarantee payment of savings on its policies of life insurance. And all companies: ie even if it is 100% private. And that's why not all insurance companies to insure the State may permit foreign nationals. And that's why not all states allow operate on its territory to foreign insurers.
Because the state is also responsible for the payment of money. And this responsibility is normally provides for a special reserve fund for these purposes. Therefore, if you have chosen a European company, and have, for example, a Belarusian citizen, it is not necessarily what the company will sell you a policy.