Chapter 1 The Nature of Risk 1
Section 1 The Meaning of Risk 1
Section 2 The Classification of Risk 3
Section 3 Risk Management 4
Section 4 Managing Personal Risks through Insurance 8
Chapter 2 Essence of Insurance 18
Section 1 The Meaning of Insurance 18
Section 2 The Features of Insurance 18
Section 3 The Function of Insurance 20
Section 4 The Role of Insurance 21
Section 5 The Classification of Insurance 22
Chapter 3 The Principle of Insurable Interest 32
Section 1 The Meaning of Insurable Interest 32
Section 2 The Significance of Insurable Interest 33
Section 3 The Application of Insurable Interest 34
Section 4 When does Insurable Interest Begin to Exist? 36
Section 5 Common Features of Insurable Interest 37
Chapter 4 The Principle of Utmost Good Faith 47
Section 1 Meaning of Utmost Good Faith 48
Section 2 The Duty of Full Disclosure by the Insured 48
Section 3 The Duty of Full Disclosure by the Insurer 50
Section 4 Duration of the Duty of Disclosure 51
Section 5 Representations and Warranties 52
Section 6 Breach of the Doctrine of Utmost Good Faith 53
Section 7 Remedies for Breach of Utmost Good Faith 55
Chapter 5 The Principle of Proximate Cause 63
Section 1 Meaning of Proximate Cause 63
Section 2 Occurrence of Trains of Event 64
Section 3 How do We Determine the Efficient Cause? 64
Section 4 Examples of Proximate Cause 65
Section 5 Remote Causes 66
Section 6 Exclusions 68
Section 7 Indirect Causes 68
Section 8 Summary of Proximate Cause 68
Chapter 6 The Principle of Indemnity 76
Section 1 Indemnity 76
Section 2 Contribution 82
Section 3 Subrogation 84
Chapter 7 Insurance Contract 95
Section 1 Meaning of General Contract 95
Section 2 Meaning of Insurance Contract 98
Section 3 The Form of Insurance Contract 98
Section 4 The Subject and the Object of the Insurance Contract 99
Section 5 The Contents of Insurance Contract 100
Section 6 The Conclusion of Insurance Contract 101
Chapter 8 Property Insurance 109
Section 1 Meaning of Property Insurance 109
Section 2 Sum Insured in Property Insurance 109
Section 3 The Calculation of Value in Property Insurance 110
Section 4 Reinstatement 113
Section 5 Provision of Property Insurance 113
Chapter 9 Life Insurance 127
Section 1 Meaning of Life Insurance 127
Section 2 Types of Life Insurance 127
Section 3 Policy Features 129
Section 4 Annuities 131
Section 5 Permanent Health Insurance 133
Section 6 Group Policies 137
Chapter 10 Insurance Market 147
Section 1 London Insurance Market 147
Section 2 London Insurance Companies 148
Section 3 London Insurance Organizations 149
Section 4 Insurance Intermediaries 153
Section 5 Recent Changes in the London Insurance Market 155
Chapter 11 Structure of Insurance Company 164
Section 1 The Structure of Insurance Companies in China 164
Section 2 Insurance Companies in Foreign Countries 169
Section 3 Insurance Companies as Financial Institutions 170
Section 4 Types of Insurance Company Organizations 172
Section 5 Organizational Operations 173
Chapter 12 Regulation of Insurance 180
Section 1 Insurance Regulations in China 181
Section 2 Insurance Regulations in the United States 184
Section 3 Insurance Regulations in Canada 188
Appendix Vocabulary and Special Terms 199
Bibliography 226