FNSR2101 Comprehensive Assignment

In this assignment, you will:  Apply your skills at identifying insurable and non-insurable risks and the hazards that exist in a business in individual case studies. Apply your knowledge of the Statutory Conditions to claims scenarios  Apply your knowledge of loss payee relationships, policy termination provisions, and the coinsurance formula to case studies. You will also research the Insurance Bureau of Canada then use your findings to create a report about the services they provide Learning Outcomes Upon successful completion of this assignment, you will be able to: • Explain how risk may be transferred by means of insurance Outline the functions of insurance Explain how the cost of insurance is determined and applied Explain how insurance companies are regulated and supervised  Explain concepts and elements of insurance contracts