Mira nodded. “The ship might sink, or pirates might strike.”

Finally, a strange case came in. A warehouse caught fire, but inside, a man’s insured rowboat was found smashed, not burned. The man claimed the fire was the cause.

Kael shook his head. “Does Lady Sephra own the silk? Does she owe money on the ship?”

A week later, a rival merchant, Lady Sephra, tried to insure The Golden Breeze as well. Mira was confused. “Why not?” she asked. “More premiums for us?”

At the end of the year, Kael retired. He handed Mira the office key. “You’ve learned the ,” he said. “Now remember the ultimate Objectives of the IC-01 principles.”

“No,” Mira realized.

“So the responsible party pays, not us?” Mira asked.

Ic 01 Principles Of Insurance Objectives Contents Online

Mira nodded. “The ship might sink, or pirates might strike.”

Finally, a strange case came in. A warehouse caught fire, but inside, a man’s insured rowboat was found smashed, not burned. The man claimed the fire was the cause. Ic 01 Principles Of Insurance Objectives Contents

Kael shook his head. “Does Lady Sephra own the silk? Does she owe money on the ship?” Mira nodded

A week later, a rival merchant, Lady Sephra, tried to insure The Golden Breeze as well. Mira was confused. “Why not?” she asked. “More premiums for us?” The man claimed the fire was the cause

At the end of the year, Kael retired. He handed Mira the office key. “You’ve learned the ,” he said. “Now remember the ultimate Objectives of the IC-01 principles.”

“No,” Mira realized.

“So the responsible party pays, not us?” Mira asked.