Principles of risk management and insurance / George E. Rejda.

Includes bibliographical references and index.

PART ONE: BASIC CONCEPTS IN RISK MANAGEMENT AND INSURANCEChapter 1: Risk in Our SocietyMeaning of RiskChance of LossPeril and HazardBasic Categories of RiskTypes of Pure RiskBurden of Risk on SocietyMethods of Handling RiskChapter 2: Insurance and RiskDefinition of InsuranceBasic Characteristics of InsuranceRequirements of an Insurable RiskTwo Applications: The Risks of Fire and UnemploymentAdverse Selection and InsuranceInsurance and Gambling ComparedInsurance and Hedging ComparedTypes of InsuranceBenefits of Insurance to SocietyCosts of Insurance to SocietyChapter 3: Introduction to Risk ManagementMeaning of Risk ManagementObjectives of Risk ManagementSteps in the Risk Management ProcessIdentifying Loss ExposuresAnalyze the Loss ExposuresSelect the Appropriate Techniques for Treating the Loss ExposuresImplement and Monitor the Risk Management ProgramBenefits of Risk ManagementPersonal Risk ManagementChapter 4: Advanced Topics in Risk ManagementThe Changing Scope of Risk ManagementInsurance Market DynamicsLoss ForecastingFinancial Analysis in Risk Management Decision MakingOther Risk Management ToolsPART TWO: THE PRIVATE INSURANCE INDUSTRYChapter 5: Types of Insurers and Marketing SystemsOverview of Private Insurance in the Financial Services IndustryTypes of Private InsurersAgents and BrokersTypes of Marketing SystemsGroup Insurance MarketingChapter 6: Insurance Company OperationsInsurance Company OperationsRate MakingUnderwritingProductionClaims SettlementReinsuranceAlternatives to Traditional ReinsuranceInvestmentsOther Insurance Company FunctionsChapter 7: Financial Operations of InsurersProperty and Casualty InsurersLife Insurance CompaniesRate Making in Property and Casualty InsuranceRate Making in Life InsuranceChapter 8: Government Regulation of InsuranceReasons for Insurance RegulationHistorical Development of Insurance RegulationMethods for Regulating InsurersWhat Areas Are Regulated?State Versus Federal RegulationCurrent Problems and Issues in Insurance RegulationPART THREE: LEGAL PRINCIPLES IN RISK AND INSURANCEChapter 9: Fundamental Legal PrinciplesPrinciple of IndemnityPrinciple of Insurable InterestPrinciple of SubrogationPrinciple of Utmost Good FaithRequirements of an Insurance ContractDistinct Legal Characteristics of Insurance ContractsLaw and the Insurance AgentChapter 10: Analysis of Insurance ContractsBasic Parts of an Insurance ContractDefinition of the "Insured"Endorsements and RidersDeductiblesCoinsurance Coinsurance in Health InsuranceOther-Insurance ProvisionsPART FOUR: LIFE AND HEALTH RISKSChapter 11: Life InsurancePremature DeathFinancial Impact of Premature Death on Different Types of FamiliesAmount of Life Insurance to OwnTypes of Life InsuranceVariations of Whole Life InsuranceOther Types of Life InsuranceChapter 12: Life Insurance Contractual ProvisionsLife Insurance Contractual ProvisionsDividend OptionsNonforfeiture OptionsSettlement OptionsAdditional Life Insurance BenefitsChapter 13: Buying Life Insurance Determining the Cost of Life InsuranceRate of Return on Saving ComponentTaxation of Life InsuranceShopping for Life InsuranceChapter 14: Annuities and Individual Retirement AccountsIndividual AnnuitiesTypes of AnnuitiesTaxation of Individual AnnuitiesIndividual Retirement AccountsChapter 15: Individual Health Insurance CoveragesHealth-Care Problems in the United StatesIndividual Health Insurance CoveragesHospital-Surgical InsuranceMajor Medical InsuranceHealth Savings AccountsLong-Term-Care InsuranceDisability-Income InsuranceIndividual Medical Expense Contractual ProvisionsShopping for Individual Health InsuranceChapter 16: Employee Benefits: Group Life and Health InsuranceGroup InsuranceGroup Life Insurance PlansGroup Medical Expense InsuranceTraditional Indemnity PlansManaged Care PlansConsumer-Driven Health PlansPatients Bill of RightsGroup Medical Expense Contractual ProvisionsGroup Dental InsuranceGroup Disability-Income InsuranceCafeteria PlansChapter 17: Employee Benefits: Retirement PlansFundamentals of Private Retirement PlansTypes of Qualified Retirement PlansDefined-Contribution PlansDefined-Benefit PlansSection 401(k) PlansSection 403(B) PlansProfit-Sharing PlansRetirement Plans for the Self-EmployedSimplified Employee Pension (SEP)SIMPLE Retirement PlansFunding Agency and Funding InstrumentsChapter 18: Social InsuranceSocial InsuranceOld-Age, Survivors, and Disability Insurance (OASDI)Types of BenefitsMedicareUnemployment InsuranceWorkers Compensation PART FIVE: PERSONAL PROPERTY AND LIABILITY RISKSChapter 19: The Liability RiskBasis of Legal LiabilityLaw of NegligenceImputed NegligenceRes Ipsa LoquiturSpecific Applications of the Law of NegligenceCurrent Tort Liability ProblemsChapter 20: Homeowners Insurance, Section IHomeowners InsuranceAnalysis of Homeowners 3 Policy (Special Form)Section I CoveragesSection I Perils Insured AgainstSection I ExclusionsSection I ConditionsSection I and II ConditionsChapter 21: Homeowners Insurance, Section IIPersonal Liability InsuranceSection II ExclusionsSection II Additional CoveragesEndorsements to a Homeowners PolicyCost of Homeowners InsuranceChapter 22: Auto InsuranceOverview of Personal Auto PolicyPart A: Liability CoveragePart B: Medical Payments CoveragePart C: Uninsured Motorists CoveragePart D: Coverage for Damage to Your AutoPart E: Duties After an Accident or LossPart F: General ProvisionsInsuring Motorcycles and Other VehiclesChapter 23: Auto Insurance and SocietyApproaches for Compensating Auto Accident VictimsAuto Insurance for High-Risk DriversCost of Auto InsuranceShopping for Auto InsuranceChapter 24: Other Property and Liability Insurance CoveragesISO Dwelling ProgramMobilehome InsuranceInland Marine FloatersWatercraft InsuranceGovernment Property Insurance ProgramsTitle InsurancePersonal Umbrella Policy PART SIX: COMMERCIAL PROPERTY AND LIABILITY RISKSChapter 25: Commercial Property InsuranceISO Commercial Property ProgramBuilding and Personal Property Coverage FormCauses-of-Loss FormsReporting FormsBusiness Income InsuranceOther Commercial Property CoveragesTransportation InsuranceBusinessowners Policy (BOP)Chapter 26: Commercial Liability InsuranceGeneral Liability Loss ExposuresCommercial General Liability PolicyEmployment-Related Practices Liability InsuranceWorkers Compensation InsuranceCommercial Auto InsuranceAircraft InsuranceCommercial Umbrella PolicyBusinessowners PolicyProfessional Liability InsuranceDirectors and Officers Liability InsuranceChapter 27: Crime Insurance and Surety BondsISO Commercial Crime Insurance ProgramCommercial Crime Coverage Form (Loss-Sustained Form)Financial Institution BondsSurety BondsAppendicesAppendix A Homeowners 3 (Special Form)Appendix B Personal Auto PolicyAppendix C Whole Life Insurance Policy with RidersAppendix D Flexible Premium (Universal) Life Insurance PolicyGlossaryIndex