进出口实务与操作（英文版）chapter_5_Insurance教材教学课件.ppt

Chapter 5  Insurance Learning Objectives To understand the functions of insurance in international sale transactions To grasp main types of insurance To have a good knowledge of different types of insurance policies To understand the relationships of the parties involved in insurance contract Structure of the Chapter Section One: Functions of Insurance Section Two: Basic Principles of Insurance Section Three: Types of Risks, Losses and Expenses Section Four: Main Types of Insurance Section Five: Types of Insurance Policies Section Six: The Insurance Contract Section 1 Provide protection against future risks, accidents and uncertainty. A device to share the financial loss of a few among many others. Promote exports Section 2 Insurable interest: the assured must have an insurable interest in the subject matter insured at the time of the loss. Utmost good faith: If any fraud or deception is discovered, the other party has the right to avoid the contract and asks for compensation. This concept includes: 1)disclosure 2) representation 3) warranty Principle of indemnity: the insured cannot recover more than his or her actual loss from the insurer. Section 2 Subrogation: the insured is not entitled to profit by an insurance contract Double insurance: The assured is not entitled to recover more by taking out different policies with different insurers to cover the same risks on the same adventure for the same period. Proximate cause: For an assured to be compensated, the loss must be “proximately caused” by the materialization of a risk . Section 3 The risks covered ? perils of the sea: 1)natural calamities: heavy weather, lightening, tsunami, earthquake, volcanic eruption 2)unexpected accidents: fire, explosion, stranding, grounding, sinking or capsizing, collision or contact of vessel, etc. Section 3 ? external risks: 1)general external risks: theft and pilferage, contamination, leakage, breakage, sweating and /or heating, taint of odor, rusting