Insurance can be explained as an equitable transferring of the prospects of loss, from one entity to others, against the certain amount of money. An insurer is a service provider, who sells the policies to the policy holder or a person who is ensuring the insurance, by paying a certain amount of money as a premium. The transaction concerns the policy holder to be guaranteed and known to pay a little amount as premium against the insurer's promise to compensate the insurer’s case of loss.
Some of the textbooks that define the basic elements of insurance includes:
Insurance is a form of risk management policy that is primarily used to enclose against the prospect of incidental or unanticipated loss. However, there are numerous terms and conditions that are usually provided to the policyholder, in the form of contract or the papers. Thus, the essay or dissertation topics, based on insurance, it can be of various types, and so you might require some assistance from the online subject experts at MyAssignmenthelp.com.
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