إفادة محاسب _ Accountant benefit

in property and ability insurance the insured does have an insurable interest at the time the policy written

The insurer is concerned with the insurability of the group as a whole rather than with the insurability of may single me member within the group

The principal of indemnity steates that person may collect more than the actual loss in the event of damage caused by an insured peril

The occurrence of loss must not be fortuitous

Legal liability risks the uncertainty surrounding the occurrence of loss due to negligent

personal risks are the uncertainty surrounding the occurrence of loss to property from perils

Social insurance contributions are normally compulsory and may be paid by the insured employers and the state as well as by the insured himself also

Endowment contact provide a greater amound of pure protection by paying premium lass than any other type of insurance

The principal of subrogation is a legal principle that requirement to prevent insurance from becoming a gambling contact

whole life assurance for payment at the end of a fixed period or earlier if the insured dies within that period

Social insurance benefits are strictly related to contributions as in private insurance

The principal of indemnity imposes a higher standard of honesty on parties to an insurance agreement than is imposed in ordinary commercial contact

Insurable interest in life insurance need exist only at the time of loss

A business firm may insure unit because that persons death would cause financial loss to the firm

gambling creates a new risk where none existed before, whereas insurance is a method of eliminating or greatly reducing an already existing risk

👀Life insurance seems to be a modification of principle losses must be unexpected

Natural premiums in if life assurance will vary according to the age of the assured

Life insurance provides an execution in covering deliberate acts

In general, the rates would be somewhat higher for smaller policies.

🍭Dr/Mona the cost of commercial insurance varies with the type of policy