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Risk Management and Insurance

by: Pritchett, Travis; Schmit, Joan; Doerpinghaus, Helen; Athearn, James L.

Risk Management and Insurance

by: Pritchett, Travis; Schmit, Joan; Doerpinghaus, Helen; Athearn, James L.

ISBN 13:
9780314064271
ISBN 10:
0314064273
Edition: 7th
Format: Paperback
Copyright: 02/22/1996
Publisher: Cengage Learning

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Summary

This consumer-oriented text focuses on the policy holder as opposed to the insurer. "Consumer Applications" and expanded "Risk Management Case Problems" provide opportunities for students to apply what they have learned. New coverage in this edition includes integrated discussion of ethics and expanded coverage of business risk management as well as employee benefits.

Preface

xxv

PART I Fundamentals of Risk Management and Insurance

(118)

Risk

(22)

Introduction

(1)

Nature of Risk

(1)

Attitudes Toward Risk

(2)

Measurement of Risk

(3)

Specific Measurement Techniques

(2)

Law of Large Numbers

(1)

Elements of Pure Risk

(4)

Exposures

(1)

Perils

(1)

Hazards

(2)

Methods of Handling Pure Risk

(6)

Avoidance

(1)

Loss Control

(1)

Loss Financing

Ethical Dilemma: How Much Caution is Enough?

(13)

Consumer Applications: The Risk of Driving an Automobile

(1)

Key Terms

(1)

Discussion Questions

(1)

Cases

(3)

Risk Management

(26)

Introduction

(2)

What is Risk Management

(1)

The Risk Manager as a Decision Maker

(1)

The Risk Management Process

(17)

Risk Management Decisions for Organizations

(11)

Global Risk Management

(1)

Risk Management Decisions for Families

Ethical Dilemma: Conflicting Organizational Objectives

(13)

Consumer Applications: The Risk Management Process

(3)

Key Terms

(1)

Discussion Questions

(1)

Cases

(1)

Appendix: Cash Flow Analysis

(3)

Insurance

(26)

Introduction

(2)

Nature of Insurance

(2)

Definition of Insurance

(1)

Benefits of Insurance

(1)

Insurance versus Gambling

(1)

How Insurance Works

(5)

Risk Transfer (Assumption)

(1)

Loss Sharing (Risk Distribution)

(2)

Discrimination

(2)

Ideal Requisites for Insurability

(5)

Many Similar Exposure Units

(1)

Fortuitous Losses

(1)

Small Possibility of Catastrophe

(1)

Definite Losses

(1)

Determinable Probability Distribution

(1)

Economic Feasibility

(1)

Types of Insurance

(4)

Personal or Commercial

(1)

Life-Health or Property-Liability

(2)

Private or Government

(1)

Voluntary or Involuntary

(1)

Nature of Reinsurance

(3)

Definition of Reinsurance

(1)

How Reinsurance Works

(1)

Benefits of Reinsurance

(2)

Nature of Self-Insurance

(3)

Ethical Dilemma: When is ``Discrimination'' in Insurance Appropriate?

(15)

Consumer Applications: How to Make Insurance Function Well

(1)

Key Terms

(1)

Discussion Questions

(1)

Cases

(1)

Fundamental Doctrines Affecting Insurance Contracts

(24)

Introduction

(2)

Agency Law

(2)

Agent

(1)

Binding Authority

(1)

Waiver and Estoppel

(1)

Agency by Estoppel

(1)

Requirements of a Contract

(1)

Offer and Acceptance

(1)

Consideration

(1)

Competent Parties

(1)

Legal Purpose

(1)

Legal Form

(1)

Distinguishing Characteristics of Insurance Contracts

(14)

Based on Utmost Good Faith

(2)

Contracts of Adhesion

(1)

Indemnity Concept

Ethical Dilemma: Automobile Insurance

(11)

Consumer Applications: Identifying Your Firm's Insurance Problems

(1)

Key Terms

(1)

Discussion Questions

(1)

Cases

(3)

Structure and Analysis of Insurance Contracts

100

(19)

Introduction

101

(1)

Entering into the Contract

102

(1)

Applications

102

(1)

Binders

102

(1)

Conditional and Binding Receipts

103

(1)

The Contract

103

(12)

Declarations

104

(1)

Insuring Clauses

105

(2)

Exclusions and Exceptions

107

(3)

Conditions

110

(3)

Endorsements and Riders

113

Ethical Dilemma: The Agent's Responsibility

111

(3)

Consumer Applications: Examining the Insurance Transaction

114

(1)

Key Terms

115

(1)

Discussion Questions

115

(2)

Cases

117

(2)

PART II Property and Liability Risks

119

(192)

The Property Exposure

120

(20)

Introduction

121

(1)

Nature of the Property Exposure

122

(3)

Physical Property

122

(1)

Loss of Use

122

(1)

Global Property Exposures

123

(2)

Methods for Managing Potential Property Losses

125

(1)

General Property Coverage

125

(4)

General Property Coverage Provisions

129

(9)

Covered Property

129

(1)

Covered Losses

129

(1)

Covered Perils

129

(1)

Determination of Payment

130

(1)

Ethical Dilemma: Should You Make a Claim?

131

(6)

Consumer Applications: Managing Global Property Exposures

137

(1)

Key Terms

138

(1)

Discussion Questions

138

(1)

Cases

139

(1)

The Liability Risk

140

(30)

Introduction

141

(1)

Nature of the Liability Exposure

142

(9)

Basis of Liability

142

(3)

Defenses

145

(1)

Modifications

146

(3)

Significance of the Liability Risk

149

(2)

Major Sources of Liability

151

(8)

Property

151

(3)

Activities

154

(5)

Liability Issues

159

(6)

Medical Malpractice Liability

159

(1)

Product Liability

160

(1)

Suggestion Solutions

161

Ethical Dilemma: International Safety Standards

148

(16)

Consumer Applications: Becoming Liability Risk Conscious

164

(1)

Key Terms

165

(1)

Discussion Questions

166

(1)

Cases

167

(3)

Managing Home Risks

170

(36)

Introduction

171

(1)

Packaging Coverages

172

(1)

Homeowners Policy Forms

173

(1)

The Special Form (HO-3)

174

(18)

Insuring Agreement and Definitions

175

(1)

Section I-Coverages

176

(3)

Section I-Perils Insured Against

179

(3)

Section I-Exclusions

182

(1)

Section I-Conditions

183

(3)

Determining Coverages

186

(2)

Section II-Liability Coverages

188

(1)

Section II-Exclusions

189

(1)

Section II-Additional Coverages

190

(1)

Section II-Conditions

191

(1)

Section I and II-Conditions

191

(1)

Endorsements

192

(2)

Earthquake Endorsement

192

(1)

Personal Property Replacement Cost Endorsement

193

(1)

Scheduled Personal Property Endorsement

193

(1)

Business Pursuits Endorsement

193

(1)

Personal Injury Endorsement

194

(1)

Other Risks

194

(3)

The Flood Risk

194

(2)

The Title Risk

196

(1)

Personal Umbrella Liability Policies

197

(5)

Excess and Broad

197

(1)

Minimum Underlying Coverage

198

(1)

Exclusions

198

Ethical Dilemma: Appropriate Claims Behavior

188

(11)

Consumer Applications: Shopping for Home Insurance and Reducing Costs

199

(3)

Key Terms

202

(1)

Discussion Questions

202

(1)

Cases

203

(3)

Managing Automobile Risks

206

(34)

Introduction

207

(1)

Should Fault be Abandoned?

208

(2)

No-Fault

208

(2)

How Can We Assure Adequate Compensation

210

(1)

Financial Responsibility Laws

210

(1)

Assuring Auto Insurance Availability

211

(1)

Auto Insurance Plans

211

(1)

Reinsurance Facilities

211

(1)

Joint Underwriting Associations

212

(1)

Maryland State Fund

212

(1)

Residual Market Evaluated

212

(1)

Personal Auto Policy

212

(18)

Declarations

213

(1)

Definitions

213

(1)

Liability Coverage--Part A

214

(6)

Medical Payments Coverage--Part B

220

(1)

Uninsured Motorists Coverage--Part C

221

(2)

Coverage for Damage to Your Auto--Part D

223

(3)

Duties After an Accident or Loss--Part E

226

(2)

General Provisions--Part F

228

(1)

Insuring Other Vehicles

229

(1)

No-Fault Coverages

229

(1)

Auto Insurance Premium Rates

230

(3)

Types of Automobile Policies

233

(3)

Ethical Dilemma: Claims Inflation

227

(7)

Consumer Applications: Shopping for Auto Insurance

234

(2)

Key Terms

236

(1)

Discussion Questions

236

(1)

Cases

237

(3)

Business Property Insurance

240

(24)

Introduction

241

(1)

Commercial Package Policy

242

(1)

Commercial Property Coverages

242

(10)

Direct Property Coverage: The Building and Personal Property Form

242

(7)

Consequential Property Coverage: Business Income Coverage (BIC)

249

(3)

Other Property Coverages

252

(3)

Commercial Crime Coverage

252

(1)

Inland Marine

252

(1)

Boiler and Machinery Coverage

253

(1)

Businessowners Policy

253

(2)

Global Property Exposures

255

(5)

Laws and Regulations in Foreign Countries

255

(1)

Data Collection and Analysis

256

(1)

Exchange Rate Risk

257

(1)

International Property-Liability Coverages

257

Ethical Dilemma: How to Show Trust in Employees

254

(5)

Consumer Applications: Cutting the Cost of Business Insurance

259

(1)

Key Terms

260

(1)

Discussion Questions

260

(1)

Cases

261

(3)

Business Liability Insurance

264

(18)

Introduction

265

(1)

Business Liability Risks

266

(1)

Commercial General Liability Policy

266

(7)

CGL Policy Format

266

(1)

Coverages

267

(4)

Who is an Insured

271

(1)

Limits of Insurance

271

(1)

CGL Conditions

272

(1)

Definitions

272

(1)

Umbrella Liability Policy

273

(1)

The Businessowners Policy

273

(1)

Other Liability Risks

274

(2)

Automobile Liability

274

(1)

Professional Liability

274

(2)

Global Liability Exposures

276

(3)

Ethical Dilemma: What Type of Tort System Works Best?

276

(2)

Consumer Applications: Global Risk Management

278

(1)

Key Terms

279

(1)

Discussion Questions

279

(1)

Cases

280

(2)

Workers' and Unemployment Compensation

282

(29)

Introduction

283

(1)

Workers' Compensation Laws and Benefits

284

(9)

History and Purpose

284

(2)

Coverage

286

(2)

Benefits

288

(4)

How Benefits are Provided

292

(1)

Employer's Risk

292

(1)

Workers' Compensation Insurance

293

(2)

Coverage

293

(1)

Cost

294

(1)

Self-Insurance

295

(1)

State Funds

295

(1)

Second-Injury Funds

296

(1)

Workers' Compensation Issues

296

(4)

Exclusivity

296

(1)

Scope of Coverage

297

(1)

Permanent Partial Claims

298

(2)

Medical Expenses

300

(1)

Unemployment Compensation

300

(6)

State Laws

301

(1)

Coverage

301

(2)

How Benefits are Financed

303

(1)

Administration

304

Ethical Dilemma: Workers' Compensation and Fraud

299

(6)

Consumer Applications: Reducing Workers' Compensation Costs

305

(1)

Key Terms

306

(1)

Discussion Questions

307

(1)

Cases

308

(3)

PART III Life, Health and Retirement Risks

311

(270)

Life Insurance

312

(28)

Introduction

313

(1)

How Life Insurance Works

314

(7)

Pooling

314

(1)

Probability of Death

314

(2)

Level-Premium Plan

316

(5)

Traditional Life Insurance Contracts

321

(16)

Term Insurance

322

(3)

Whole Life Insurance

325

(9)

Endowment Life Insurance

334

Ethical Dilemma: Should Life Rates be Based on Gender?

317

(18)

Consumer Applications: Choosing a Type of Life Insurance

335

(2)

Key Terms

337

(1)

Discussion Questions

337

(1)

Cases

338

(2)

Interest-Sensitive and Variable Life Insurance

340

(24)

Introduction

341

(1)

Universal Life Insurance

342

(8)

Separation of Elements

342

(2)

Death Benefit Options

344

(2)

Premium Payments

346

(1)

Mortality Charges

347

(1)

Expense Charges

348

(1)

Investment Returns

349

(1)

Current Assumption Whole Life Insurance

350

(1)

Variable Life Insurance

351

(6)

Objective: Stable Death Benefits

351

(1)

Theory of Variable Insurance Products

352

(2)

How it Works

354

(3)

Summary of Variable Life

357

(1)

Variable Universal Life Insurance

357

(1)

Taxation

358

(2)

Ethical Dilemma: The Credibility of Sales Illustrations

352

(7)

Consumer Applications: Adjusting Life Insurance for Inflation

359

(1)

Key Terms

360

(1)

Discussion Questions

360

(1)

Cases

361

(3)

Life Insurance Policy Provisions

364

(24)

Introduction

365

(1)

Major Provisions

366

(10)

The Contract

366

(4)

Ownership

370

(1)

Premium Payment

370

(2)

Dividend Options

372

(1)

Nonforfeiture Values and Options

372

(2)

Policy Loan

374

(1)

Beneficiary Provisions

375

(1)

Settlement Options

376

(1)

Special Provisions for Interest-Sensitive Policies

376

(1)

Minimum, Target, and Additional Premiums

377

(1)

Changes in Coverage

377

(1)

Interest Rate

377

(1)

Life Insurance Riders

377

(7)

Waiver of Premium

378

(1)

Disability Income

379

(1)

Accidental Death Benefit

379

(1)

Guaranteed Insurability Option

380

(1)

Accelerated Death Benefits

381

Ethical Dilemma: Representations, Concealments, and Life Insurance Applications

367

(15)

Consumer Applications: Decisions for the Life Insurance Policyowner

382

(2)

Key Terms

384

(1)

Discussion Questions

384

(1)

Cases

385

(3)

Evaluating Life Insurance Costs

388

(16)

Introduction

389

(1)

Traditional Net Cost Method

390

(1)

Interest-Adjusted Net Cost Methods

391

(3)

Surrender Cost Index

391

(1)

Net Payment Cost Index

391

(3)

Cash Accumulation Method

394

(2)

Yearly Rate of Return Method

396

(2)

Linton Yield Method

398

(1)

Interest-Adjusted Costs versus Belth YROR and Linton ROR

399

(3)

ROR Illustrations

399

Ethical Dilemma: Marketing High-priced Life Insurance

393

(8)

Consumer Applications: Comparing Costs

401

(1)

Key Terms

402

(1)

Discussion Questions

402

(1)

Cases

403

(1)

Life and Health Insurance Provided by Social Security

404

(22)

Introduction

405

(1)

Definition of Social Security

406

(1)

Coverage Requirements

406

(1)

Eligibility for Benefits

407

(1)

Types of Benefits

407

(4)

Old Age or Retirement Benefits

407

(1)

Survivors' Benefits

408

(1)

Disability Benefits

409

(1)

Health or Medicare Benefits

409

(2)

Amount of Benefits

411

(3)

Primary Insurance Amount

412

(1)

Other Factors Affecting Benefit Amounts

413

(1)

Financing of Benefits

414

(1)

Administration

415

(1)

Social Security Issues

416

(4)

Problems Developed Gradually

417

(1)

1983 Legislation

417

(2)

The Future

419

(1)

Global Trends in Social Security Systems

420

(3)

Ethical Dilemma: The Social Security System

418

(3)

Consumer Applications: Estimating Your Benefits and Covering Medicare Gaps

421

(2)

Key Terms

423

(1)

Discussion Questions

423

(1)

Cases

424

(2)

Employee Benefits: Fundamentals, Life and Disability Risks

426

(24)

Introduction

427

(1)

Employer Objectives

428

(1)

Nature of Group Insurance

428

(6)

Underwriting

428

(2)

Administration

430

(2)

Pricing

432

(2)

Group Life Insurance

434

(2)

Group Disability Insurance Plans

436

(3)

Group Short-Term Disability Plans

436

(1)

Group Long-Term Disability Plans

437

(2)

The Flexibility Issue

439

(4)

Cafeteria Plans

441

(2)

Flexible Spending Accounts

443

(1)

Compliance With Nondiscrimination Laws

443

(2)

Age Discrimination in Employment Act

443

(1)

The Civil Rights Act

444

(1)

Americans with Disabilities Act

444

(1)

Other Nondiscrimination Laws

445

(1)

Multinational Employee Benefit Plans

445

(3)

Ethical Dilemma: Living Benefits

440

(7)

Consumer Applications: Getting the Most from Employee Benefits

447

(1)

Key Terms

448

(1)

Discussion Questions

448

(1)

Cases

449

(1)

Employee Benefits: Medical Care

450

(28)

Introduction

451

(1)

Traditional Fee-For-Service Medical Expense Coverage

452

(5)

Basic Health Care Benefits

452

(2)

Major Medical and Comprehensive Insurance

454

(2)

Limited Contracts

456

(1)

Medical Insurance Policy Provisions

457

(3)

Coordination of Benefits

457

(2)

Continuation Provisions

459

(1)

Retiree Eligibility for Group Medical Benefits

460

(1)

Cost Containment Initiatives for Traditional Fee-For-Service Policies

460

(5)

Plan Design Techniques

461

(1)

Administrative and Funding Techniques

461

(1)

Utilization Monitoring Techniques

462

(3)

Health Maintenance Organizations

465

(2)

History

465

(1)

Nature of HMOs

465

(1)

Cost-Saving Motivation

466

(1)

Preferred Provider Organizations

467

(1)

Managed Care Plans

468

(1)

Other Medical Care Plans

469

(1)

Medical Care Systems Worldwide

470

(4)

Ethical Dilemma: Medical Care

458

(14)

Consumer Applications: Choosing Between Traditional Fee-For-Service Health Insurance and an HMO Option

472

(2)

Key Terms

474

(1)

Discussion Questions

475

(1)

Cases

475

(3)

Employee Benefits: Retirement Plans

478

(22)

Introduction

479

(1)

The Purpose of Retirement Plans

480

(1)

The Nature of Qualified Pension Plans

480

(1)

Significance

480

(1)

Requirements

480

(1)

Elements of Pension Plan Design

481

(8)

Eligibility and Coverage Requirements

481

(1)

Retirement Age Limits

482

(1)

Vesting Provisions

483

(1)

Type of Plan

484

(5)

Pension Plan Funding Techniques

489

(2)

Noninsured Trust Plans

489

(1)

Insured Plans

489

(2)

Other Qualified Defined Contribution Plans

491

(3)

Group Deferred Profit-Sharing Plans

491

(1)

Savings Plans

492

(1)

401(k) Plans

493

(1)

Employee Stock Ownership Plans

493

(1)

Nonqualified, Tax-Favored Retirement Plans

494

(1)

Simplified Employee Pension Plans

494

(1)

Keogh Plans

494

(1)

Retirement Trends Worldwide

494

(3)

Ethical Dilemma: Ethics of Employee-Directed Investment

495

(2)

Consumer Applications: Getting the Most From Your Private Group Retirement Plan

497

(1)

Key Terms

497

(1)

Discussion Questions

498

(1)

Cases

499

(1)

Individual Health Insurance Contracts

500

(20)

Introduction

501

(1)

Individual Medical Expense Insurance Contracts

502

(1)

Dental Insurance

503

(1)

Individual Disability Income Insurance Contracts

504

(3)

Definition and Cause of Disability

505

(1)

Benefits

505

(2)

Long Term Care Insurance Contracts

507

(2)

Medicare Supplementary Insurance

509

(1)

Health Insurance Policy Provisions

510

(3)

Continuance Provisions

510

(2)

Change of Occupation

512

(1)

Options to Purchase Additional Disability Insurance

513

(1)

Global Perspective on Individual Health Insurance

513

(5)

Ethical Dilemma: The Individual Health Insurance Market

512

(3)

Consumer Applications: Buying Health Care Insurance

515

(3)

Key Terms

518

(1)

Discussion Questions

518

(1)

Cases

519

(1)

Individual Financial Management of Life and Health Risks

520

(34)

Introduction

521

(1)

Financial Planning Process

522

(1)

Handling Potential Losses

522

(1)

Income Continuation for the Dowd Family

523

(15)

Data Collection

523

(2)

Objectives

525

(2)

Alternative Solutions/Exposure Evaluation

527

(11)

Other Financial Planning Steps

538

(1)

Estate Planning

538

(5)

Objectives

539

(1)

Wills

539

(1)

Trusts

540

(1)

Life Insurance

541

(1)

Gifts

542

(1)

Fundamentals of Federal Estate and Gift Tax Calculations

543

(1)

Business Life and Health Risks

544

(4)

Selling the Firm

544

(2)

Key Employee Risk

546

Ethical Dilemma: Terminal Illness and Death

537

(10)

Consumer Applications: Estate Tax Reduction Techniques

547

(1)

Key Terms

548

(1)

Discussion Questions

549

(1)

Cases

549

(5)

Individual Financial Management of Retirement

554

(27)

Introduction

555

(1)

Retirement Planning for Lori Dowd

556

(7)

Data Collection

556

(1)

Objectives

556

(1)

Alternative Solutions/Exposure Evaluation

557

(4)

Decide on Investment Plan

561

(1)

Implementation

562

(1)

Periodic Review

562

(1)

Annuities

563

(9)

Parties to an Annuity

563

(1)

Mechanics of Annuities

563

(2)

Settlement Options

565

(2)

Types of Contracts

567

(5)

Taxation of Annuities

572

(6)

Income Taxation During the Accumulation Period

572

(3)

Income Taxation During the Liquidation Period

575

(1)

Estate Tax Treatment

576

Ethical Dilemma: Suitability and Annuities

564

(13)

Consumer Applications: Understanding Historical Rates of Return for Different Investment Instruments

577

(1)

Key Terms

578

(1)

Discussion Questions

578

(1)

Cases

579

(2)

PART IV Insurance Markets and Regulation

581

(85)

The Insurance Institution

582

(28)

Introduction

583

(1)

Development of Insurance

584

(4)

Ancient Practices

584

(1)

Middle Ages

584

(1)

Modern Development

585

(1)

Development in the United States

585

(2)

Development Internationally

587

(1)

Private Insuring Organizations

588

(7)

Stock Insurers

589

(1)

Mutual Insurers

590

(1)

Reciprocal Insurers

591

(1)

Lloyd's of London: A Global Insurance Exchange

592

(1)

Lloyd's Associations of the United States

593

(1)

Insurance Exchanges

593

(1)

Banks and Insurance

594

(1)

Government Insuring Organizations

595

(2)

State Insuring Organizations

595

(1)

Federal Insuring Organizations

596

(1)

Careers in Insurance

597

(7)

Insurance Employment

597

(5)

Satisfying Careers

602

Ethical Dilemma: Management Practices at Lloyd's of London

594

(9)

Consumer Applications: Pursuing a Career in Insurance

603

(1)

Key Terms

604

(1)

Discussion Questions

604

(1)

Cases

605

(1)

Appendix: Other Mutuals

606

(4)

Risk Management Implementation: Insurance

610

(28)

Introduction

611

(1)

Insurance Buying Principles

612

(2)

Large-Loss Principle

612

(1)

Avoidance of First-Dollar Coverage Principle

612

(2)

The Insurance Market

614

(6)

Life-Health Insurance Marketing

614

(2)

Property-Liability Insurance Marketing

616

(2)

Brokers

618

(1)

Mass Merchandising

618

(1)

Financial Planner

618

(2)

Selecting an Agent

620

(2)

Selecting an Insurer

622

(8)

State License

622

(1)

Financial Strength

623

(4)

Prices

627

(1)

Contract Provisions

627

(1)

Claim Practices

628

(1)

Cancellation Policy

628

(1)

Underwriting Capacity

629

(1)

Service

629

(1)

Selecting Coverages and Comparing Costs

630

(1)

Settling Losses

630

(4)

Property-Liability Insurance

630

(1)

Life-Health Insurance

630

Ethical Dilemma: Enforcement of Financial and Market Integrity

626

(6)

Consumer Applications: Finding a Superior Agent and Settling a Claim

632

(2)

Key Terms

634

(1)

Discussion Questions

634

(1)

Cases

635

(3)

Regulation

638

(28)

Introduction

639

(1)

Rationale for Insurance Regulation

640

(1)

History of Insurance Regulation

641

(2)

Paul v. Virginia and the NAIC

641

(1)

U.S. v. Southeast Underwriters Association

642

(1)

The McCarran-Ferguson Act

643

(1)

Nature of State Regulation

643

(12)

Commissioner of Insurance

644

(1)

Licensing Requirements

645

(1)

Solvency Regulations

646

(3)

Pricing Regulations

649

(3)

Regulation of Trade Practices

652

(3)

Regulatory Debates

655

(3)

Availability and Affordability

655

(1)

Is State Regulation Adequate?

655

(2)

Should Underwriting Factors be Limited?

657

(1)

Regulations that Restrict Global Insurance Activities

658

(4)

Ethical Dilemma: What are Acceptable Pricing Factors?

651

(9)

Consumer Applications: Regulators and the Consumer

660

(2)

Key Terms

662

(1)

Discussion Questions

663

(1)

Cases

663

(3)

Appendix A Homeowners 3 Special Form

666

(19)

Appendix B Personal Auto Policy

685

(12)

Appendix C Building and Personal Property Coverage Form

697

(24)

Appendix D Commercial General Liability Coverage Form

721

(13)

Appendix E Whole Life Policy

734

(16)

Appendix F CSO Table

750

(2)

Appendix G State Insurance Commissioners

752

(5)

Glossary

757

(16)

Index

773

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Risk Management and Insurance

Risk Management and Insurance

9780314064271

0314064273

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Table of Contents

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