Banking, Insurance, and Legal

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A major business sector of the Distant Fringe.

General Overview[edit]

The banking, insurance and legal sector is the section of the economy devoted to the holding of financial assets for others, investing those financial assets as leverage to create more wealth, and the regulation of those activities by impartial agencies. It includes accountancy, investments, stocks and shares, commodity exchanges, underwriting, futures exchanges, and currency and specie production. It covers organisations dealing in precious metals and strategic materials, as well as marketing works of art, gems, jewellery, and treasures. It also includes loans, auctions, repossessions, witnessing and notarising, conveyancing, and legal representation and advice of every conceivable kind.

Banking and Commerce[edit]

Major Companies[edit]

Primary Activities[edit]

The banking sector is the section of the economy devoted to the holding of financial assets for others, investing those financial assets as leverage to create more wealth, and the regulation of those activities by government agencies.

Insurance[edit]

Major Companies[edit]

  • Archus Mutual Assurance (based at Nexus)
  • Future Macrodynamics (based at Pador)

Primary Activities[edit]

This industry comprises of all the insurance companies active within the Distant Fringe. It offers risk management against contingency or uncertain losses. The entity which offers insurance is called an insurer and the entity who buys insurance is called insured. The insured pays a small premium to the insurer, in return for covering a major loss. Health Insurance. Life Insurance. Commercial Insurance. Extraplanetary Insurance.

Legal[edit]

Major Companies[edit]

  • Hoffmann & Bachelor (based at Wolf)
  • Institut Kraus (based at Tal Varisa)

Primary Activities[edit]

This industry comprises offices of legal practitioners known as lawyers or attorneys (i.e., counselors-at-law) primarily engaged in the practice of law. Establishments in this industry may provide expertise in a range or in specific areas of law, such as criminal law, corporate law, family and estate law, patent law, real estate law, or tax law.

References & Contributors / Sources[edit]

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