AN INSURANCE CREATES (IN ADVANCE) THE FINANCIAL SECURITY THAT REIM...

38. An insurance creates (in advance) the financial security that reimburses damage in the future. There is

"uninsurability" if no insurance is offered or when the premium coverage ratio as such is regarded unfavourably by

potential customers so as not to use the insurance. A risk is regarded 'insurable' when the commercial premium for

insurance from an economic perspective and the buyer from his perspective is acceptable.