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Posted by yilaiwl6879
- January 29, 2011, 03:02:32 AMble for the receivership of several insurance companies which wrote extensive amounts of disability insurance during the 1920's and the 1930's.Disability insurance contracts today are much less liberal on the average than they were thirty years ago because of the adverse experience the companies had in those trying days. Companies are more careful both as to the kinds of disability contracts they will write and as to the people for whom they will be written.Accidental LossThe loss must not only be definite, but it must have been accidental, as distinguished from expected. Ideally, the loss should be beyond the control of the insured. Depreciation losses You are not allowed to view links.
Register or Login, for example, are uninsurable, since there is nothing accidental about their occurrence. Or if someone is killed in an unexpected accident at a younger age than expected You are not allowed to view links.
Register or Login, there are certain life insurance policies () that compensate for that kind of tragedy.These losses are expected. Also, when mercantile theft insurance is written You are not allowed to view links.
Register or Login, normal shoplifting losses are not covered. In credit insurance, normal credit losses are not covered; only the unexpected losses are insured. Death meets this requisite because, although death is certain, the time of death is uncertain.Large LossThe hazard to be insured against must be capable of yilai：
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