This document outlines 5 questions for an assignment on risk and insurance management. It asks the student to define insurance from legal and business perspectives, discuss the 5 legal principles of insurance, list and explain the 3 major types of life insurance policies, identify the general limitations of insurance, and give two major benefits of insurance to society.
This document outlines 5 questions for an assignment on risk and insurance management. It asks the student to define insurance from legal and business perspectives, discuss the 5 legal principles of insurance, list and explain the 3 major types of life insurance policies, identify the general limitations of insurance, and give two major benefits of insurance to society.
This document outlines 5 questions for an assignment on risk and insurance management. It asks the student to define insurance from legal and business perspectives, discuss the 5 legal principles of insurance, list and explain the 3 major types of life insurance policies, identify the general limitations of insurance, and give two major benefits of insurance to society.
Assignment 2 Risk and Insurance Management (4 points each)
1. Define insurance from legal and business point of view.
2. Discuss the five legal principles of insurance. 3. List and explain the 3 major types of life insurance policies. 4. Identify the general limitations of insurance. 5. Give two major benefits of insurance to the society.