GREETING INSURANCE
On the last occasion we have discussed two properties In order for a potential loss ( loss that may occur ) can be insured , on this occasion we will proceed to the third property in order to conform to the basic principles of insurance . The third trait is a disadvantage to be significant ( mean ) .
Losing something cause prolonged disappointment . Often times we forget to put pens , umbrella or sunglasses . In terms of financial loss like this can not be called very mean .
Replacing the pen , not something hard for most people . Such losses are usually not covered by insurance . Administrative costs for the small losses that will create the high cost of such protection , and not economical .
In contrast , some types of losses pose a heavy financial burden for most people . For example , if a worker was injured in an accident that causes the person can not work for a year , the risk of loss of income, including something important . The disadvantage of this kind is feasible insured .
GREETING INSURANCE
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2014
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May
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- FUNCTIONS OF REINSURANCE
- FUNGSI REASURANSI
- REINSURANCE MECHANISM
- MEKANISME REASURANSI
- Insurable Interest
- Loss is not a disaster for insurers
- LOSSES RATIO MUST BE PREDICTABLE - PART 2
- LOSSES RATIO MUST BE PREDICTABLE - PART 1
- Should Significant losses (Means)
- DAMAGES MUST BE RESTRICTED
- DAMAGES MUST CONTAIN UNCERTAINTY
- INSURANCE PRINCIPLE
- ANTI SELECTION
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