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 OByrne 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 insurancePREMIUMthe 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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Ch28_3e - 28-1Copyright 2007 by Nelson, a division of...

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