Question
A visiting insurance representative from Australia, is on a fact finding mission in Canada, to observe how is business conducted within the General Insurance industry.
A visiting insurance representative from Australia, is on a fact finding mission in Canada, to observe how is business conducted within the General Insurance industry. He asks the following questions. How would you answer them?
1. What type of insurer provides coverage for social services?
2. If a large Corporation wants to fund its losses and uses a financing technique, how would they go about accomplishing this?
3. What forms of co-operative enterprise companies exist, and the types that operate?
4. If a celebrity wanted coverage for body parts such as hands or voice, describe who could provide the coverage and provide a bit of information about this entity?
5. Certain departments of the main operational structure of an insurance company organization are unique to Insurance companies. Name these departments?
6. How is catastrophic coverage such as earthquake, handled by insurers who provide this coverage. Describe how they would share the risks with others?
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