Listen this way 4 (第三版)Unit 4.pptVIP

Unit 4Briefing on Taxation and Insurance Policies Teaching aims Introduce a number of important economic concepts in our modern society. Vocabulary and numbers remain the two major training focuses for Units 3 and 4. Insurance In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured, or policyholder, is the person or entity buying the