Prep.
1. 3 type of hazards Physical, moral, morale
2. Methods of Handling Sharing, Transfer, Avoidance, Reduction, Retention
Risk (STARR)
3. Two Parties Insured: insurance company & Insurer: Customer
4. CANHAM: Elements of Calculable, Attordable, Non-Catastrophic,
Insur- able Risk
Homogeneous, Ac- cidental, measurable
5. Elements of a Legal Contract Consideration, Legal Purpose, Otter, Acceptance,
Competent Parties
6. Types of Contracts Adhesion, Aleatory, Upmost Good Faith, Unilateral,
Personal,
Conditional, Indemnity
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