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  • Elements of Insurance

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    attyalan
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    Insurance involves an insurable interest where one has economic interest in an item, the payment of premiums to an insurer to assume specified risks of financial loss, and a scheme where expected losses are distributed across a pool of policyholders to reduce the impact on any single person.

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    Elements of Insurance

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    Insurance involves an insurable interest where one has economic interest in an item, the payment of premiums to an insurer to assume specified risks of financial loss, and a scheme where expected losses are distributed across a pool of policyholders to reduce the impact on any single person.

    Copyright:

    © All Rights Reserved
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    31 Ansichten1 Seite

    Elements of Insurance

    Hochgeladen von

    attyalan
    Insurance involves an insurable interest where one has economic interest in an item, the payment of premiums to an insurer to assume specified risks of financial loss, and a scheme where expected losses are distributed across a pool of policyholders to reduce the impact on any single person.

    Copyright:

    © All Rights Reserved
    Als PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 1

    ELEMENTS OF INSURANCE

    Insurable
    Interest

    Payment of
    Premiums

    Risk of Loss

    Insurance

    Scheme to
    Distribute
    Losses

    Assumption
    of Risks

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