保險：練習題

Which insurance document is completed by the person seeking insurance to provide the insurer with all necessary details to assess the risk?

Insurance companies use the statistical basis of pooling of risks to operate. This concept is best described as:

Following a fire, a factory is forced to stop production for four months. While the standard fire policy covers the rebuilding costs, the factory loses expected profits and must still pay fixed costs like rent. Which type of insurance is designed to cover this specific financial loss?

When a business makes a large claim for property damage, the insurance company sends a professional to investigate the cause and value of the loss. This person is known as an:

An entrepreneur has completed a proposal form and paid the initial premium for a new business policy. While waiting for the final policy document to be printed, which document provides immediate, temporary proof of insurance coverage?

Identify and briefly describe two non-insurable risks that a business might face in a competitive market.

Identify and briefly describe the type of insurance risk that covers the loss of potential income following a fire that forces a factory to close for repairs.

A business discovers that a senior manager has been falsifying accounts to steal money. Which specific insurance policy would protect the business from this internal financial loss?

A logistics company wants to insure its fleet of delivery trucks. The insurer needs to fix the annual premium.

(a) Explain how the pooling of risks allows an insurance company to pay out large claims from a relatively small premium.
(b) Identify three factors that would influence the actuary when calculating the specific premium for this logistics company's motor insurance.