TAILIEUCHUNG - Lecture Business law with UCC applications (13/e): Chapter 19 - Brown, Sukys

Chapter 19 - Insurance. After completing this chapter, students will be able to: Define risk management and explain the purpose of insurance, identify the contractual elements of an insurance agreement, make clear the importance of insurable interest, differentiate among the different types of life insurance,. | Business Law with UCC Applications,13e Insurance Chapter 19 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives Define risk management and explain the purpose of insurance. Identify the contractual elements of an insurance agreement. Make clear the importance of insurable interest. Differentiate among the different types of life insurance. Explain how insurable interest differs with life insurance and property insurance. Learning Objectives (cont.) Explain the coinsurance clause in most property insurance policies. Describe coverage given by fire, marine, homeowner’s, renter’s, and flood insurance. Differentiate among the principal kinds of automobile insurance. Describe the benefits included in health insurance policies. List the steps in applying for, obtaining, and maintaining an insurance policy. Insurance Risk Management Parties to an Insurance Contract Contractual Elements Insurable Interest Subrogation Insurance Types .

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