1990-12-07 — Page 27

27)產地外海育教日一廿月十年午庚釐霋:

1991中學會考預習專欄

明德出版社

MILL & NAIE PRESS

Kinds of insurance.

1. Kinds of Insurance Needed by a Company

郭日僑華

differences between the various kinds of life. assurance policies are described as follows:

Commerce (10)

a. Maturity of the 'benefitan

S.K. LAL

A company manufactures - toys-product to be sold. In the locat marketWindo insurance might

ךְ

prudent manager

The vanisties of the insurance policies that a prudent manager would find it advisable to take are summarized as follows:

a. Fire insurance

The business, premises and stocks can be covered against

re

b. Consequential loss insurance

It provides cover against loss of profits arising from

the 'stops of business by a fire.

c. Fidelity guarantee Insurance

The honesty of employees varies. There is a risk of loss arising from embezz1ing:

d. Employers' liability and public liability

The former gives cover against claims in case of an injury caused by the employer's negligence,

The latter gives cover against the claims 'by the members

of the public, which arises from, the firm'a carelessness. Burglary or theft, insurance eleme

If property is stolen from business premises, it cover's Inss resulting from the theffin

Motor insurance

Motor vehicles owned by ras can be covered.

g. credit insurance.

It provides cover against losses from bad debts on the credit sales.

The above insurance policies would provide the safeguard against the diversified business risks.

Life Assurance.

Reasons for the rising popularity of Life assurance. Life:assurance policies are very popular because:

a. They serve as a method of savings and provide cover

in the event of the life assured' death.

B. They provide a Tum sun or regular benefit for the

dependants.c

c. They could be used to save for, the retirement or even

for the back up of the home mortgage lending on for some other alms..

d. The life assurance" concept is generally

among the younger generation.

8. The standard of living in Hong Kong has improved

younger generation oface much emphasis on survival of their life,

t, The aggressiveness of the marketing strategies.

life assurance company is sucess

2.2 Differences between whole tile

and endowment policies.

(出刋五期星逢 ) 200

cies

lump sum

For whole life policies, they provide for payment only upon the death of the assured. For term policies, they provide payment only if the death occurs during the agreed period..

For endowment policies, if the assured survives the. period, they provide the benefit assured... Premiums charged

For whole life policies, the premiums are payable for the whole of the life assured, WV

For term bolicies, they are not as expensive as that

of the endowment policies,

For endowment policies, since they guarantee the

·greatest: benefits, they are charged with the highest Teval..

With or without profits

without.

Only endowment policies may be with .or profits. For the with profits. type, bonuses: have been awarded to the sum assured. d.‘Surrender valuè! option

If the assured of the endowment policies needs: * starid-by'

the maturity of cash prior to

的感 policies, he may exercise the option of cash in the policy for a reduced amount at a certain point of time..

The other two types do not provide this kind of option.

2.3 Premium. charged

The premium charged will depend on the following factors)

a. The type of policy.

A whole life policy is cheaper than an endowment

·policy, since the former' has gained lessor benefits. b. The sun of the policy assured

The greater the sum assured, the higher will be the foremium charget

The sex of the policyholder

Since the average life expectancy for Females is higher than those for males, thus: the premium to be paid Is higher for mate..

The age of the policyholder

From the point of health, the risk of early death i's higher for

thus assured,

the older an older policyholder will bound to pay more than a younger policyholders.

e. The:past and present health record

The history of the health cord gives hint and prediction on the risk of dicledeath.

above factors serves an useful guide, etermining the appropriate premium to be paid,

fe assurance policy

Marine Insurance

There are four main types marine insurance policies:

Hull insurance: The policy covers the vessel itself. The cover 15 affared against the risks arising from the damage by bad weather on the loss at sea. It includes

Time policies which provides cover against a snip fer a particular time,

which cover a ship for a specific Voyage policies

voyagei.

en cave

五期星 白七月二十(〇九九一年九十七國民華中

Mixed policies: time policies.

which consist of both voyage and

The shipowner has insurable interest in the vessel.

Cargo Insurance: The cargo is insured for its full valu白. Floating policies are agreed in advance to cover the likely value of the cargo in the coming months,

The cargo owner has insurable interest in the condition. of His cargo during the route.

C Freight insurance: The shipping.comsary can take out freight insurance to cover bon-payment of charges in case the cargo fails to be delivered for some reason. Te is customary for the shipping company to take out this policy, if the freight carges are not pre-paid.

The shipping company has insurable, interest on freight When it has not been paid before shipment.

d. Shipowner's liability: The shipowners may take dut ability policies to cover damage or loss resulting from the fault of their empolyees or the shipowners, such as oil pollution or collisions, or injury to passengers.. The shipowier, has insuradle interest in the policy.

Vol. Self-assessment question

1. Distinguish between the following pairs of terms

respect to Insurance:

a insurable risks and non-insurable risks, and

b. under-insurance and over-insurance.

2. Explain the following fundamental principles, underlying an

insurance policy:

a. insurable interest,

b. utmost good faith,

c; indemnity.and.

d. proximate cause..

11lustrate your explanations with. an appropriate examile in. each case..

3. whole life polidies, term policies and endowment policies: are some of the policies offered by 11fe assurance companies. in Hong Kong?

a. Why are life assurance bedoming populari In. Hong Kong?

b. Distinguish between the three types of life policies

under the following, headings;

under the foll

(1) maturity of the benefits,

(ii) premiums charged,

(16) with or without profits, and

(iv) surrender value' option.

4. A company manufactures toys product to be sold in the local. what: Insurance might ea prudent manager, insure market. against?

Briefly describe the four main types marine insurance policies:

6. (a) Mr. Cheung does not inform the insurance company that he

has stored, inflammable petrol in his warehouse Mis reasoned that the petrol has not greatly increased

the added way to his warehouse.

chong underinsures his factory so as to make

ngs in the premiums charged; white Mr. Wong over-

eas the contents of his house with a view of gaining Eter property after replacement in the event of

any relevant principles of

Apply the above

insurance. Advise Chem

taken.

ghe actions they should have

刊特民移資投產地外海

|典望的工業茄用地巴被

|萬澳元至三百餘萬澳元,更案调私人遊艇集池。

K。 PULPIT: A03,到機、打上了百分在二十K

一。另外從利業的展隼

[激尼宅的狀蠣外貌。

發展會登了樂山福貴港路、玻傷、戰區正日益受人雙酸,甚 從拍港、長七百米的木

致谢

抖發製前景,但曼谷方,

過於求!" 而的酒店業制預料的

催口鑫上漲,與購買力 逐漸脫節,但一下慣

.‘雖然住宅物業的

人口隱定、勞動力日

[商保持樂觀的舊水理出

原量可被传大了。」 ̇他們認為現在内心的告 ,到了九二年的寫字樓 及取消發展的填制在内 一,但在計入娠期與受

無法契斯完成,因此 | - 將會有許多項目

工人我只等因素。假如 剪吻和供性不足和照迷 所靬楼宇均雅一起成

···威格斯定於十二月都是用的人材。

四日開始在奔逵中心辦,他曾定議,整個 寧雄胺展覽會,爲期K PLU 設T POINT發庭毅切,預期於未來三年

好境環水傍山依

存俱兩動活陸海 宅豪尼悉的戶

T佔地三十畝

LPIT POIN

WE

-未發展的上佳,議價家日後按自己的善亶位有每一暖位, 番沿岸有: 就最優美怡人的推店, N T S悔来术刺睡房 i座落悉尼雅

R APARTME 藏更預留战干IE ... 四氟* B LUE WAT 在的。

客道路已安,目前、各事午的設計分為

指出:「這是一個黃金枨會,使現時在本港 的陈群。築師、建善和設站朗,供過於求的階段。

威格斯香港有限公司董事 JAMES KINGLERA 將,可以維持現時的爵精密的轡理真未供良的寫字樓及豪紫住宅物,固方面,而好 有買豪華公寓别墅項理業計劃,至于一期「供最新」的水亭,黏洪将紅雀本 壓享受,甚实超逾現存。上實缤套及涉到的遠東市10後一個重物業而道前微的看 的人士,他日多居悉尼入研究各項細的和血析報告一拍,並在檢討泰國物業市 作一張 泰國商廈華宅 呈現供過於求

荷在該地購習,而烁座的建築設計都各單堀單位組成。 以澳洲而論, 分二至四個牌位,單位夑1雰忐瀣的 向價格為肺, T毎一座奠宇均,則以兩組雙區 PULPIT GEWATERE

·麻面的的地方一新型..借中催單位,至於ED 尼展瑰源住宅一响的許應變其他位一個價位多 的郊征;区域,住宅金铭面積在一千克 RHAGE & PAR NTER'S HU 住宅。該等,花單位設三通用, POINT是HUATE外,換後合伙人本住宅要位一個待 長發國家興若干各典 别真教的保單位組成

泰工業用为需求

法校民樂

富應供

台移

聞新港本日一廿月十年午庚臢頁

內部也用使用 解酒精來。但患養療,蔬在

種苦止多夫,節,前了

*∵然甃俗 到不病低 樂並親現,現 龍珠 因

不伏若懂吧,長能 線,歐有用的大批 受膠 懸體自爫如膻際Ð患和光;免未傷足些 查山道位 演掀已的痛關何證運易期但斷。:

鐵十有 和醫有防或災區功,疾為不為, 難化

行地, 布心形都打行的著每半。自舒可烏

費莢。助得效引膑論驗加大,個轉號 檢台皇 各作到。起機任,以對劉時, 海福了

購收租舖 天祥

地產

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世界各地轉平機票 電缁瞋預訂位快變公齒

紅筆洲郡

馬景代光 上海鹼演

代湖新的臘馬假期,滅加大障帐,酵

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情合登

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電告會

七八九九〇八

各店

日本

台及客人用,其設計 爱情就的帕港學專供住 BERPULPIT PO

一個樣貼設立後,其他歐洲的设立将會,

“在東南亞業區。台灣人近年則繁喜歡荷

法。稅時澳洲每年吸納外來移民數額借十宮市場之路。 “公司 - 中赭手演出店较客龙进欧洲 发鹰罕,戒指一一制掉劫起。 而內金融機律都有這項越效;信開軟洲第・對不可知的未來;不想得太壤,鄧麼一動不 .. 企業要國際化金衡機售就把將洗恼僚化,所以面對「九七],如果不那麽緻感,

兇殺案-從一月至十一月是二千京- 朝下 主要假因是荷蘭政府對台灣运行能花設立子 樓,發生集體打機,把燕客發害的雄,手鏞 一個傳入國十五年便累積至四百五十萬人-近,不远在許多人以其「彼片一录妤特校- 從 FERN BAY 張 群,而加拿大溫哥華 華豐榮市的長人口增長率最高是已過人 這些國家的治安則陷於低潮,在紐約發生的,開始素有七百米長的木超過十二個,惟 香港人移民澳洲,喜道雪梨,次染易出;許多人估計是以此作為踏脚石,打通歐洲 球場及一個大之高,海外物業紛的 泳池,該赵卫景秀美,推出,數量超過二十僳 也可多得,啜其他海旁物 送靜現象,但人士,成為業加快的外 月,香港的海外利,年年以前推出時,

中小單位漸見吃香 泊位,這樣方便波再不斬及物業市關都有明組(G) 懂劇仍有繼恩的熱窿情 篌引热蔉善騰的 雖然波斯灣藺面及由於加拿大政府出理由,部份驚全世著的角度,育大课 批投資者,以分数取出深;报建塩蘺投腾

落籍之處安寧不再 移民心理威脅漸生 台灣客近年多投資荷蘭

困堪留戀 彼岸未必佳| 溫哥華樓市回落 足的攝錄機線賽會使在 已到達宜水平在大生氣,為看與美容,

額加,背未來年 ,他指出,活棲九七 | 從以党角度而言,

少有一次出現近年少兒

东出於市缮有一罐

和悉尼北部更方便,將 地區,在返商業中心 獵人山水陸兩路板,目的樓起推出, 可通往意原各主要中,成造市场焦點,另一边

裏得失速。台灣企業求突然對前還親生中國人,他們來Y JAMES KIN S

(湖梅遊藝室等金廁。一具持色,不貴與算宕机。

士,方往返希尼。裝工可停好四通軍 富,現在分開安、商店和私人水上的設計的囊貼-高收的 大所基空及 風務,毆二十四小時保設計的花識,各關不起,有用百分之十八點五

·華住宅區的十 有命理及維修人員當值自由通往海灣,有個別有住宅價格的每年开梯。 ,这盛二十四小岸均同。各公案住宅將王可富地豹業鑽格後,發現 .位景與質素俱上乘的海

發言,供富

.‘他表示:「買家今

選擇。

該地盤工程現正動的停車處,上落各屬的一年以一百五十萬滇无辦

KPULLPIT PONT

的生活,可一九九

★移民捷徑★

愛爾蘭南部是一個獨立國家,為了配合一九九 二年歐洲共同市場統一的計劃,現正在作多方 面發展;因此在工商業上須要各方面的專業人 士和勞工,本公司最近得到中國華人會的協 助,成立了一個新部門,專為一些有理想而又 有意移居海外工作的港民辦理一切有關手續。 【申請人必須: ·在港定居三年或以上

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