1、InsuranceChapter 10Lead-inLanguage NotesKey PointsFollow-up Tasks10.110.310.210.4CONTENTSExtended Tasks10.510.1Lead-inThis chapter will first of all provide an overviewoverview of insurance.Then it will introduce the life insurancethe life insurance and the property insurancethe property insurance i
2、n separate sections.Insuranceisameansofprotectionfromfinanciallosses.Itisaformofriskmanagements,whichisusedtohedgeagainsttheriskofacontingent,uncertainloss.10.2KeyPoints10.2.1DefinitionofInsuranceInsuranceAnentitythatprovidesinsuranceisknownasaninsurer,insurancecompany,insurancecarrierorunderwriter.
3、Apersonorentitywhobuysinsuranceisknownasaninsuredorpolicyholder.10.2KeyPoints10.2.1DefinitionofInsuranceInsurance companyTheinsuredreceivesacontract,whichiscalledtheinsurancepolicy.Thecontractliststhedetailsoftheconditionsandcircumstances,underwhichtheinsurerwillcompensatetheinsured.10.2KeyPoints10.
4、2.1DefinitionofInsuranceInsurance policy10.2KeyPoints10.2.2LifeInsuranceLife insurance is a contract between an insurance policy holder and an insurer or assurer.In this contract,the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium,after the death of the insu
5、red person.Depending on the contract,other events such as terminal illness or critical illness can also trigger payment.The policyholder typically pays a premium,either regularly or as one lump sum.Other expenses can also be included in the benefits.10.2KeyPoints10.2.3PropertyInsuranceProperty insur
6、ance is a policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft.Property insurance can include homeowners insurance,renters insurance,flood insurance and earthquake insurance.Personal property is generally covered by homeo
7、wners or renters policy unless it is of particularly high value,in which case it can usually be covered by purchasing an addition to the policy called a“rider”.If there is a claim,the property insurance policy will either reimburse the policyholder for the actual value of the damage or the replaceme
8、nt cost to remedy the damage.beneficiarybenfri受益人principalprnspl本金claimklem索赔proceedprsi:d收入，获利coveragekvrd覆盖范围，保险项目fortuitousf:tju:ts偶然的syndicatesndkt联合组成辛迪加hedgehed回避，避免vandalismvndlzm故意破坏insurancenrns保险insurernr(r)保险人liabilitylablti责任，债务morbiditym:bdt发病率mortalitym:tlti死亡率policyplsi保险单premiumpri:m
9、im保费10.3LanguageNotesI.Wordsaccidentandhealthinsuranceactuarialscienceadverseselectionannuitycontractscashvaluecapitalbaseclaimsadjusterdesignatedbeneficiaryfinancialreimbursementinsurableinterest10.3LanguageNotesII.Phrasesinsurancebrokerinsurancecompaniesinvestmentpoliciesinsuranceproceedsinvestmen
10、tproductsinsuranceunderwriterlifeinsuranceLloydsofLondonlumpsummoralhazardpensionplanspersonalpropertypolicyholderspolicyproceedspropertyinsuranceprotectionpoliciesreinsurancemarketrentersinsurancesocialsecuritysystem10.3LanguageNotesII.Phrases1.Insuranceisameansofprotectionfromfinanciallosses.Itisa
11、formofriskmanagements,whichisusedtohedgeagainsttheriskofacontingent,uncertainloss.2.Theinsuredreceivesacontract,whichiscalledtheinsurancepolicy.Thecontractliststhedetailsoftheconditionsandcircumstances,underwhichtheinsurerwillcompensatetheinsured.Theamountofmoneychargedbytheinsurertotheinsuredforthe
12、coveragesetforthintheinsurancepolicyiscalledthepremium.3.Lifeinsuranceisacontractbetweenaninsurancepolicyholderandaninsurerorassurer.Inthiscontract,theinsurerpromisestopayadesignatedbeneficiaryasumofmoneyinexchangeforapremium,afterthedeathoftheinsuredperson.10.3LanguageNotesIII.Sentences4.Thefocusof
13、theinsurancecompanysunderwritingprocessistodecidewhichrequestsforinsurancetheyshouldacceptandwhichonestheyshouldreject.Furthermore,forthoseriskstheyaccept,theymustdecidehowmuchtheyshouldchargefortheinsurance.5.Propertyinsuranceisapolicythatprovidesfinancialreimbursementtotheownerorrenterofastructure
14、anditscontentsintheeventofdamageortheft.Propertyinsurancecanincludehomeownersinsurance,rentersinsurance,floodinsuranceandearthquakeinsurance.10.3LanguageNotesIII.Sentences10.4Follow-upTasksI.MatchingDirections:Match the English words and phrasesEnglish words and phrases in the leftleft column with t
15、he proper ChineseChinese equivalents in the rightright column.()1.accidental lossA.重置成本()2.Actual cash valueB.意外损失()3.Affordable premiumC.实际现金价值()4.calculable loss D.可负担的保费()5.definite loss E.报销()6.irrevocable beneficiary designationF.明确的损失()7.limited risk of catastrophically large lossesG.有限的巨大损失风险
16、()8.purely speculative policiesH.可计算损失()9.reimbursementI.不可变更的受益人()10.replacement cost coverageJ.纯粹的投机性保单10.4Follow-upTasksII.JudgmentsDirections:Decide whether each of the following statements is true(T)true(T)or false(F).1.Therearetwomajortypesofinsuranceservices,namelythelifeinsuranceandtheproper
17、tyinsurance.()2.Onlywhentheholderofalifeinsurancepassesaway,willtheinsurerpaythedesignatedbeneficiary.()3.Modernlifeinsurancecompaniesnotonlyofferlifeinsuranceservicesbutalsoengageinotheractivities,suchasannuitycontractsandpensionplans.()4.Theoccurrenceofmoralhazarddoesnotalterthevalueoftheinsurance
18、.()5.Anunavoidableproblemfacinglifeinsurancecompaniesistheadverseselectionproblem.()10.4Follow-upTasksIII.ShortAnswerQuestionsDirections:Answer each of the following questions brieflybriefly.1.Canyoulisttwoormoreexamplesofprotectionpolicies?2.Whatisthemeaningofthespecificclauseofinsurance?3.Whataret
19、hedifferencesbetweenwholelifeandvariablelife?4.Howtoinsurealargenumberofpeoplebyasinglepolicy?5.Whatarethethreetypesofclaimsforpropertyinsurance?10.4Follow-upTasksIV.TranslationDirections:Translate the following Chinese paragraph into Englishinto English.保险是风险管理的一种方法。具体而言，是投保人向保险人缴纳保费，保险人（保险公司）按照保险合
20、同的约定，对被保险人承担保障责任，在保险合同到期或者保险期限内被保险人发生保险合同约定的保险事故时，保险公司承担相应保险赔偿责任的商业行为。商业保险主要包括财产保险、人身保险、责任保险、信用保险、津贴型保险和海上保险等。保险是社会经济保障制度的重要组成部分，是社会生产和社会生活的稳定器。It never rains but it pours.English proverbHope for the best,but prepare for the worst.English proverbMake the hay while the sun shines.English proverbTroub
21、les never come singly.English proverbNo man is wise at all times.English proverb10.5ExtendedTasksI.ProverbsandQuotes10.5ExtendedTasksII.InterviewExcerptBarackObamaisthe44thpresidentoftheUnitedStates.HewasinofficefromJanuary20th,2009toJanuary20th,2017.Inthisspeechexcerpt,PresidentObamatalksabouttheimportanceofhealthcaretotheAmericanpeople.10.5ExtendedTasksIII.MovieClipThisclipshowsthemiseryofalifewithoutaninsurance.Thanks
