إفادة محاسب _ Accountant benefit

🌼اعمال فصليه 💐An annuity is a form of

Mutual assurance associations: These were generally societies which were in effect self-insurance clubs, whereby all participating members contributed a fixed sum

Short term assurance were for limited period conveying the risk of death within that period only

💐Short term assurance particularly used for merchants and others on voyages or on the lives of debtors as security against loans

✨أعمال فصليه 🔥Early forms of life assurance

The insurance effected mustn't offend the public conscience

Loss must be fortuitous as far as the insured is concerned

🔥The willful acts of others may be insured

✨اعمال فصليه 🔥 losses arising through the deliberate acts of the insured or at his instigation can be insured

🔥 losses must be accidental

🔥 where the possiblity of loss is so high as to be a near certainty

Losses must be reasonably unexpected

Losses mustn't be catastrophic

Classification of insurance It mustn't be possible to calculate the risk of loss

Often been said that insurance is subject to. {The law of large numbers}

Classification of insurance There must be small numbers of similar risks

Losses must be catastrophic to be insured

Secondary function of insurance is