1 thought on “Insurance COT meaning in Chinese”

  1. In the insurance industry, COT, English is called Court, which means an excellent member.
    In the insurance industry, the word Court originated from the 1927 International Life Insurance Million Roundtable Conference. The International Life Insurance Million Round Table Conference is a place where each insurance practitioner dreams. It can become an excellent member of the International Life Insurance Million Roundtable Conference. It shows that his sales ability is outstanding and excellent quality. Become a member of the International Life Insurance Million Round Table Conference, and it is necessary to follow the MDRT program. MDRT program: Always put the customer's highest interests above their own interests; strictly keep all the business information and personal information of the customer; comprehensively and fully disclose all necessary facts, so that the customer's decision is based on Wait. Because the situation of various countries is different, the standard of Court is different. MDRT has formulated different entry standards based on the minimum sales revenue of its domestic currency. According to the performance of members, MDRT divides all members into 3 levels, namely, Court, TOP. After seeing the International Life Insurance Million Roundtable Conference, China ’s life insurance business staff also dream of organizing a China Million Round Table Conference. China Million Round Table Conference was also born under the desire of Chinese life insurance business personnel. On July 13, 2019, Xiamen, China, held the 16th China International Insurance Elite Round Table Conference.
    [Extended information]
    The insurance refers to the insured pay the insurance premium to the insurer according to the contract. Responsibility, or when the insurer's death, disability, illness, or the age and period of the contract agreed in the contract, the commercial insurance behavior is assumed to pay the liability for insurance money.
    In economic perspective, insurance is a financial arrangement for sharing accidents of accidents; from a legal perspective, insurance is a contractual act of contracting, and one party agrees to compensate for the other party's losses; from a social perspective, Insurance is an important part of the social and economic security system, and it is a "exquisite stabilizer" of social production and social life; from the perspective of risk management, insurance is a method of risk management.

Leave a Comment