Difference Between Fundamental Risks And Particular Risks In Insurance
The distinction between a fundamental and a particular risk is important, since government assistance may be necessary in order to insure fundamental risk. Social insurance, government insurance programs, and government guarantees and subsidies are used to meet certain fundamental risks in our country.
For example, the risk of unemployment is generally not insurable by private insurance companies but can be insured publicly by federal or state agencies. In addition, flood insurance is only available through and/or subsidized by the federal government.
The distinction between a fundamental and a particular risk is important, since government assistance may be necessary in order to insure fundamental risk. Social insurance, government insurance programs, and government guarantees and subsidies are used to meet certain fundamental risks in our country.
[Post Image Courtesy of Fantasista at FreeDigitalPhotos.net]
For example, the risk of unemployment is generally not insurable by private insurance companies but can be insured publicly by federal or state agencies. In addition, flood insurance is only available through and/or subsidized by the federal government.
Insurance Law And Practice - ICSI
Difference Between Fundamental Risks And Particular Risks In Insurance
![Difference Between Fundamental Risks And Particular Risks In Insurance]()
Reviewed by Blog Editor
on
Saturday, April 29, 2017
Rating:
Posts
No comments:
Do you have any reasonable comments for this post ? Please feel free to drop them below using the comment box. We will moderate and publish them as soon as possible. Cheers !