Ch28_3e - 28-1Copyright © 2007 by Nelson a division of...

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Unformatted text preview: 28-1Copyright © 2007 by Nelson, a division of Thomson Canada Limited.CANADIAN BUSINESS CANADIAN BUSINESS AND THE LAWAND THE LAWThird EditionThird EditionbybyDorothy Duplessis Steven Enman Shannon O’Byrne Sally GunzPresentation prepared by Presentation prepared by Allan Elliott, Southern Alberta Institute of TechnologyAllan Elliott, Southern Alberta Institute of Technology28-2Copyright © 2007 by Nelson, a division of Thomson Canada Limited.CHAPTER TWENTY-EIGHTCHAPTER TWENTY-EIGHTINSURANCEINSURANCEOBJECTIVES:The role of insurance in risk managementThe nature of an insurance contract, including the rights and obligations of the insurer and the insuredThe various kinds of insurance28-3Copyright © 2007 by Nelson, a division of Thomson Canada Limited.INSURANCE PROTECTIONINSURANCE PROTECTIONINSURANCE POLICY– a contract of insurancePREMIUM–the price paid for insurance coverageINSURER– a company that sells insurance coverageINSURED– one who buys insurance coverageINSURER(provides protectionagainst a specifiedloss)INSURED(purchases protectionagainst a specified loss)Figure 28.128-4...
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This note was uploaded on 12/19/2010 for the course AFM 231 taught by Professor Briggs during the Winter '09 term at Waterloo.

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Ch28_3e - 28-1Copyright © 2007 by Nelson a division of...

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