Summary |
The book is divided into three major sections. The first section examines the concept of risk, the nature of the insurance device, and the principles of risk management. This section also provides an overview of the insurance industry and the manner in which it operates. The second section examines the traditional fields of life and health insurance as solutions to the risks connected with the loss of income. The social security system, workers’ compensation, and other social insurance coverages are discussed in this section to permit students to integrates the coverage under these programs in planning income protection. The final section deals with the risks associated with the ownership of property and legal liability.
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