Bài giảng môn Quản trị kinh doanh - Chapter 19: Business law with ucc applications,13e

Business Law with UCC Applications,13eInsuranceChapter 19McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.Learning ObjectivesDefine 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.InsuranceRisk ManagementParties to an Insurance Contract Contractual Elements Insurable Interest SubrogationInsuranceTypes of InsuranceLife Insurance Property InsuranceAutomobile Insurance Health InsuranceInsuranceLife insuranceStraight Life InsuranceLimited-Payment Life InsuranceTerm InsuranceAnnuityExemptions from RiskOptional ProvisionsInsuranceProperty InsuranceCoinsurance ClausesFire InsuranceMarine InsuranceHomeowner’s and Renter’s InsuranceFlood InsuranceInsuranceAutomobile InsuranceBodily Injury Liability InsuranceFault-Based InsuranceNo-Fault InsuranceAdd-On CoverageThreshold Guidelines and Choice-Based JurisdictionsUninsured-Motorist InsuranceInsuranceAutomobile InsuranceUnderinsured-Motorist InsuranceMedical Payments InsuranceProperty Damage Liability InsuranceCollision InsuranceComprehensive CoverageSubstitute Transportation InsuranceTowing and Labor InsuranceInsuranceHealth InsuranceHMOs and PPOsMedicare and MedicaidDisability InsuranceLong-Term Care InsuranceLegal ProtectionInsuranceThe Insurance PolicyApplication Binders Premiums LapseInsuranceCancellation of Insurance by InsurerWarranties Concealment Misrepresentation Estoppel