金融英语 14Introduction to Insurance [武汉理工].pptVIP

To take an example, a proposer for life insurance must reveal if he has recently had a heart attack as this may be a sign that he is more likely to die prematurely. If any fact of the kind described is not disclosed by the proposer, or if any fact is misstated, even unintentionally, the insurer is entitled to refuse to pay a claim under the policy. Insurers maintain that this is only right because the proposer knows the facts and the insurer does not. The insurer needs to be put in a fair position to decide whether to accept an insurance and on what terms. Text ● PRINCIPLE OF PROXIMATE CAUSE Proximate cause is an active and efficient cause that sets a train of events in motion and brings about a result. If there are several causes operating simultaneously, the proximate one will be the dominant or the most forceful one operating to bring a result. The insured peril need not be initial cause or a direct result of the operation of an expected peril. Damages as the direct result of an insured peril is covered in the policy even if the immediate peril which causes that damage is not mentioned in the policy. So water or smoke damage after fire is covered. Text Property can be covered in the policy even if the named peril does not actually cause damage to the insured property, so long as the named perils operate and its results cause loss to the insured. The risk insured against losses must actually take place. Further damage to the subject matter of insurance, minimizing or reducing a loss which has already taken place, is covered in the policy. Text insurable interest 可保利益 principle of utmost good faith 最大诚信原则 proximate cause 近因 Text : Language Points indemnity 赔偿金，赔偿物 He had to pay an indemnity of ￡100.? 他必须支付100英镑的赔偿。 Indemnity can be deducted from the salary of laborer.? 赔偿金额可以从劳动者的工资扣除。 Life insurance and personal accident policies are not indemnity contracts.? 人寿保险和人身意外保险的保险单不是赔偿合同。 Text :