Do you know insurance(保险)?Buying insurance is a means by which people can protect themselves from large losses.Protection against fire is one kind of insurance.Large numbers of people pay small sum of money to an insurance company.Although thousands of people have paid for fire insurance,only...
On the other hand if they make the premium too low, they will lose money and may even have to drop out of business. So the ordinary forces of supply and demand keep premiums at a level satisfactory to both the insurer and the insured.By "the pool of contributions" the writer means()...
Thedeductibleis a specific amount you pay out of pocket before the insurer pays a claim. Deductibles serve as deterrents to large volumes of small and insignificant claims. For example, a $1,000 deductible means you pay the first $1,000 toward any claims. Suppose your car's damage totals ...
Insurance is the sharing of risks. Nearly everyone is exposed to risks of some sorts. The house owner,for example,knows that his property can be damaged by fire;the ship owner knows that his vessel(船) may be lost at sea;
In recent years, higher levels of income have improved the standard of living for many people. One result of this phenomenon is the decision to buy insurance as a means to manage risk. However, the complex nature of insurance products can easily put new customers off. Furthermore...
3.By “the pool of contributions” the writer means .? A.a small sum of money? B.money paid by the insured? C.the cost of administration? D.money paid by the insurers 4.The insurance of ordinary business risks is impossible because .? A.the risks are too high? B.businessmen do not...
According to the writer, insurance is possible becauseA . everyone at some time suffers lossB . only a small proportion of the insured suffer lossC. nearly everyone suffers lossD . only insured people suffer loss2. By "the pool of contributions" the writer means _A. money paid by the ...
1.According to the writer, insurance is possible because ___. [ ] A.everyone at some time suffers loss B.only a small proportion of the insured suffer loss C.nearly everyone suffers loss D.only insured people suffer loss 2.By “the pool of contributions” the writer means ___. [ ] ...
If an admitted insurance company fails, and is unable to pay claims, the state insurance fund will step in to pay the claims. Admitted insurance policyholders enjoy certain comforts, including a means of addressing conflicts if they believe a claim has been mishandled. ...
to extend the validity of the letter of credit. But we presume that the wording of our L/C implies covering the risk of breakage. Besides, when I take a W.P. A. insurance, that is, with particular average, I should think the risk of breakage is a par ticular average, isn't it?