chapter 9: risk management

Question 1

two forms of insurance

Answer 1

compulsory (uif)
non compulsory

Question 2

Two types of insurance

Answer 2

short term insurance
long term insurance

Question 3

requirments for valid contract (3)

Answer 3

• 1. absolute good faith
     
     2. insurable interest
     3. contractual capacity ( legal age)