iii chapter iv passing of risk articles 66 70

... interpretation of Article 66 of the Vienna Sales Convention (CISG) regarding the passing of legal risk It argues that acts of state are generally not included in the concept of risk unless they ... definition of 'passing of risk' in the laws or international practices related to the sale and purchase of goods Romein interprets the rules on passing of risk as determining when the risk transfers ... the passing of risk in the connection with the transfer of property right The CISG does not address the transfer of property rights, focusing instead on the passing of risk related to the delivery

Ngày tải lên: 13/07/2023, 10:43

... Handling Risk Trang 3Meaning of Risk • Risk: Uncertainty concerning the occurrence of a loss • Objective Risk vs Subjective Risk – Objective risk is defined as the relative variation of actual ... reserved.Chapter 1 Risk in Our Society Trang 2Agenda • Meaning of Risk • Chance of Loss • Peril and Hazard • Basic Categories of Risk • Types of Pure Risk • Burden of Risk on Society • Methods of ... perceptions of risk • High subjective risk often results in conservative behavior Trang 4Chance of Loss • Chance of loss: The probability that an event will occur • Objective Probability vs Subjective

Ngày tải lên: 10/01/2018, 15:16

... loss-prevention activities that reduce direct and indirect losses • Enhancement of Credit Insured individuals are better credit risks than individuals without Trang 19Social Costs of Insurance• Cost of Doing ... the risk Trang 4Basic Characteristics of Insurance• Pooling of losses – Spreading losses incurred by the few over the entire group – Risk reduction based on the Law of Large Numbers • Payment of ... Insurable Risk• Economically feasible premium face value of the policy • Based on these requirements: insured political risks are difficult to insure Trang 8Exhibit 2.1 Risk of Fire as an Insurable Risk

Ngày tải lên: 10/01/2018, 15:16

... 1Chapter 3Introduction to Risk Management Trang 2• Meaning of Risk Management • Objectives of Risk Management • Steps in the Risk Management Process • Benefits of Risk Management • Personal Risk ... both pure and speculative loss exposures Trang 4Objectives of Risk Management• Risk management has objectives before and after a loss Trang 5Objectives of Risk ManagementTrang 6Risk Management Process• ... management activities Trang 29Benefits of Risk Management• Pre-loss and post-loss objectives are attainable • A risk management program can reduce a firm’s cost of risk – The cost of risk includes

Ngày tải lên: 10/01/2018, 15:16

... analysis, and treatment of speculative financial risks: – Commodity price risk is the risk of losing money if the price of a commodity changes – Interest rate risk is the risk of loss caused by adverse ... speculative, strategic, and operational risks • As long as risks are not positively correlated, the combination of these risks in a single program reduces overall risk • Nearly half of all US ... Act of 1999 Trang 13Insurance Market Dynamicssecuritization of risk – Securitization of risk means that insurable risk is transferred to the capital markets through creation of a – The impact of

Ngày tải lên: 10/01/2018, 15:16

... types of private insurers Trang 11Types of Private Insurers • A stock insurer is a corporation owned by stockholders – Objective: earn profit for stockholders • Increase value of stock • Pay dividends ... Addison-Wesley All rights reserved.Chapter 5 Types of Insurers and Marketing Systems Trang 2Agenda • Overview of Private Insurance in the Financial Services Industry • Types of Private Insurers • Agents ... control is emphasized – Choice of health care providers may be restricted – Less costly forms of treatment are often provided Trang 20Types of Private Insurers • A captive insurer is an insurer owned

Ngày tải lên: 10/01/2018, 15:16

... line of insurance or territory Trang 12Exhibit 6.1 Summary of Key Features of the Terrorism Risk Insurance Act of 2002 Trang 13• There are two principal forms of reinsurance: – Facultative reinsurance ... professional with a high degree of technical knowledge in a particular area of insurance and who also places the needs of his or her clients first Trang 8Claim Settlement• The objectives of ... Underwriting refers to the process of selecting, classifying, and pricing applicants for insurance – The objective is to produce a profitable book of business • A statement of underwriting policy establishes

Ngày tải lên: 10/01/2018, 15:16

... Statements of Property and Casualty Insurers • The unearned premium reserve is a liability item that represents the unearned portion of gross premiums on all outstanding policies at the time of valuation ... Statements of Property and Casualty Insurers • The income and expense statement summarizes revenues and expenses paid over a specified period of time • The two principal sources of revenue ... Investment  Trang 13Financial Statements of Life Insurers • The balance sheet – The assets of a life insurer have a longer duration, on average, than those of property and casualty insurers – Because

Ngày tải lên: 10/01/2018, 15:16

... certain risk-based capital standards • A risk-based capital (RBC) standard means that insurers must have a certain amount of capital, depending on the riskiness of their investments and insurance operations ... inducement of a policyowner to drop an existing policy and replace it with a new one that provides little or no economic benefit to the client • Rebating is the practice of giving an individual ... Advantages of state regulation include: – Greater responsiveness to local needs – Promotion of uniform laws by the NAIC – Greater opportunity for innovation – Unknown consequences of federal

Ngày tải lên: 10/01/2018, 15:17

... reserved.Chapter 9 Fundamental Legal Principles Trang 2Agenda • Principle of Indemnity • Principle of Insurable Interest • Principle of Subrogation • Principle of Utmost Good Faith • Requirements of ... insurance: at the time of the loss – Life insurance: only at inception of the policy Trang 7Principle of Subrogation Substitution of the insurer in place of the insured for the purpose of claiming indemnity ... determination of ACV should include all relevant factors an expert would use to determine the value of the property Trang 5Principle of Indemnity • There are some exceptions to the principle of indemnity:

Ngày tải lên: 10/01/2018, 15:17

... contains name of the insured, location of property, period of protection, amount of insurance, premium and deductible information • Insurance contracts typically contain a page or section of definitions ... “All-risks” coverage has fewer gaps, and the burden of proof is placed on the insurer to deny a claim Trang 5Basic Parts of an Insurance Contract • Insurance contracts contain three major types of ... Trang 1Chapter 10Analysis of Insurance Contracts Trang 2• Basic parts of an insurance contract • Definition of the “Insured” • Endorsements and Riders •

Ngày tải lên: 10/01/2018, 15:17

... amount of insurance is increased – Cash surrender values are not guaranteed • Although the insurer bears the risk of excessive mortality and expenses, the policyholder bears the risk of poor ... evidence of insurability (i.e., good health) • Under a return of premiums term, the premiums are refunded if the policyowner outlives the term of the policy Trang 14Uses and Limitations of Term ... rights reserved.Chapter 11 Life Insurance Trang 2Agenda • Premature Death • Financial Impact of Premature Death on Different Types of Families • Amount of Life Insurance to Own • Types of Life Insurance

Ngày tải lên: 10/01/2018, 15:17

... paid only while the beneficiary is alive and cease on the beneficiary’s death – Other life income options include: receiving the guaranteed number of years of payments, the remaining payments ... premiums coming due during the period of disability are waived • In many cases, total disability means that the insured cannot do any of the essential duties of his or her job for which he or she ... purchase additional amounts of life insurance at specified times in the future without evidence of insurability • The option guarantees the purchase of specified amounts of life insurance in the

Ngày tải lên: 10/01/2018, 15:17

... Addison-Wesley All rights reserved.Chapter 13 Buying Life Insurance Trang 2Agenda • Determining the Cost of Life Insurance • Rate of Return on Saving Component • Taxation of Life Insurance • Shopping ... reduce misunderstanding of policy values by policyowners, and reduce deceptive sales practices by agents – A narrative summary describes the basic characteristics Trang 12Rate of Return on Saving ... rate of return earned on the savings component of a policy is an important consideration if you intend to invest over a long period of time • The Linton yield is the average annual rate of

Ngày tải lên: 10/01/2018, 15:17

... duration of a designated life or lives – The person who receives the payments is the annuitant • An annuity provides protection against the risk of excessive longevity • The fundamental purpose of ... Trang 2• Individual Annuities • Types of Annuities • Taxation of Individual Annuities • Individual Retirement Accounts Trang 3Individual Annuities• An annuity is a periodic ... a lifetime income that cannot be outlived • The major types of annuities sold today include: – Fixed annuity – Variable annuity Trang 4Exhibit 14.1 Power of Tax-Deferred Growth Trang 5Fixed Annuities•

Ngày tải lên: 10/01/2018, 15:17

... and Inefficiency – The administrative costs of delivering health insurance benefits are excessively high Trang 8Individual Health Insurance Coverages • Individual medical expense plans are purchased ... qualified plan, a benefit trigger must be met to receive benefits Either, • The insured is unable to perform a certain number of activities of daily living (ADLs), or • The insured needs substantial ... Problem 3: Uneven Quality of Medical Care – The quality of medical care varies widely – There is a “quality gap” in the US; many people do not receive the most effective care – Many doctors are

Ngày tải lên: 10/01/2018, 15:17

... quite undesignedly Emma was not thinking of it at the moment, which made the information she received more valuable She merely said, in the course of some trivial chat, ‘Well, Harriet, whenever you ... not let them carry you far, unless you are persuaded of his liking you Be observant of him Let his behaviour be the guide of your sensations I give you this caution now, because I shall never speak ... abundance of silver paper was a pretty little Tunbridge-ware box, which Harriet opened: it was well lined with the softest cotton; but, excepting the cotton, Emma saw only a small piece of court-plaister...

Ngày tải lên: 21/01/2014, 19:20

... was found in liver in accordance with studies showing that enzyme activity of ADH3 is highest in liver lysates [20], and immunostaining proving high protein expression in rat liver and colon ... enzyme activity in human [9], and by immunohistochemistry also in rodents [22] Expression of ADH3 in the adult rodent and human brain Overviews of the expression patterns of the three classes of ADHs ... granular layer of human cerebellum Table compiles our findings in adult brain tissue of all three species Discussion The distribution of ADHs in the brain is of particular interest because of their...

Ngày tải lên: 21/02/2014, 00:20

... 49 65 81 97 113 129 145 161 177 193 209 225 241 257 273 18 34 50 66 82 98 114 130 146 162 178 194 210 226 242 258 274 18 34 50 66 82 98 114 130 146 162 178 194 210 226 242 258 274 ... (mỗi ký hiệu mã xuất lần liên tiếp) Chèn khối: Kênh đồng sử dụng chèn khối theo nhịp có chu kỳ 26 .666 ms (128/4800) Tơng đơng với 128 ký hiệu điều chế tốc độ 4.8 Ksps Trải phổ trực giao: Tín hiệu ... 32768/128800 = 26 .66 ms Dãy PN pilot I Q kênh đồng sử dụng dịch chuyển dãy PN pilot nh kênh pilot trạm gốc cho Kênh đồng đợc chia thành siêu khung, siêu khung đợc chia thành khung có độ dài 26 .66 ms Bit...

Ngày tải lên: 24/08/2012, 15:42

... Trên 100 -120, 120 - 140, 140 - 160, , 240 - 260) 102 175 127 185 181 246 180 216 165 184 170 132 143 188 170 232 150 159 235 105 190 218 153 123 Bài 3: Cho bảng “tần số” giá trị dấu hiệu X Giá trị ... thay đổi nên kế hoạch điều chỉnh, đội làm đoạn đường có chiều dài tỉ lệ (thuận) với 6, 7, Như đội III phải làm so với kế hoạch ban đầu 0,5km đường Tính chiều dài đoạn đường mà đội phải làm theo ... Trên Trên 15 Ttên 30 Ttên đến 15 giờ đến 30 đến 50 giờ 50 Mức cước 150đ/ phút 130đ/ phút 100đ/phút 70 /phút Hãy biểu diễn bảng biểu đồ hình chữ nhật 40đ/ phút • SỐ TRUNG BÌNH CỘNG - MỐT Bài 1: Tiền...

Ngày tải lên: 19/06/2013, 01:26