Головна

Exercise 1

  1. B. Pre-reading Exercises
  2. B. Pre-reading Exercises
  3. B. Pre-reading Exercises
  4. Exercise 1 Answer the following questions.
  5. Exercise 1 Complete the sentences with a question tag.
  6. Exercise 1 Look at the pictures and talk about them.

Read, translate into Ukrainian in written form and learn by heart the definitions of the following economic terms and concepts.

1. Collision or motor insurance: a special form of insurance covering the owner of a motor vehicle against loss or damage due to accident, fire, theft, etc. and his legal liability to other road users or to other people's property.

2. Endowment insurance policy:a form of life insurance policy that pays a specified amount of money on an agreed date or on the earlier death of the person insured.

3. Group insurance policy:a life insurance policy that insures the lives of many people or all the employees in an organization. Premiums are deducted from salaries or wages.

4. Health insurance: a form of insurance that covers medical treatment and all other

associated costs.

5. Insurance: a protection against financial loss by sharing risks with others.

6. Insurance policy:a document that sets out the terms and conditions of an insurance contract, stating the benefits payable and the premium required.

7. Liability insurance: insurance that protects the insured person against his liability to pay compensation for injury to other people or for damage to their property.

8. Life insurance: insurance that includes all forms of insurance that relate to an inevitable event such as a person's death, or the date he reaches a certain age.

9. Major medical insurance: a form of health insurance that reimburses the extraordinary expense of long-term illness and serious injuries.

10. Medical expenses policy (basic coverage policy): a policy that insures a person against the risk of accident or illness.

11. Premium: the money paid by the insured to the insurers in return for insurance cover or benefits payable under the conditions in an insurance policy.

12. Property insurance: insurance covering loss, damage, or destruction of any form

of a person's property.

13. Term life insurance policy: a form of insurance contract that operates for a specified period of time; the sum insured becomes payable if the insured person dies within this period.

14. Whole life insurance policy: a form of life insurance policy that provides that the insured person pays the premiums (weekly, monthly, or yearly) for the rest of his life, and that the insurer pays a specified amount only on the death of the life insured.



Planning for Emergency | Exercise 9
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