英语翻译
1）Example
Marie and Joseph Patterson are both employed full time.They have used $10,000 of their savings to purchase stock in a growing software company.They believe that the software company is strong and that their investment will soon be worth a lot more than $10,000.
Analysis
The Pattersons’ investment in a software company is an example of speculative risk.As a result of their investment,the Pattersons may gain financially or they may lose part or all of their investment.The Pattersons are also faced with the pure risk that one or both of them could die and their family would lose the income that they now earn.
2）Example
Indira Patel’s application for life insurance contained the statement that she had visited a doctor on July 10,when the actual date of the visit was July 9.
Analysis
The insurer’s decision as to whether Indira is an insurable risk will not change based on the misstatement as to the date of the doctor visit.This misrepresentation,therefore,is not a material misrepresentation and cannot be used by the insurance company to avoid the contract.
3）Example
Anthony Abemathy’s application for life insurance contained the statement that he had visited a doctor on July 10 for a regular physical examination when,in fact,the reason for the visit was that he was being treated for heart disease.
Analysis
The purpose of a proposed insured’s （准被保险人）visit with a doctor may be very relevant to the insurance company’s evaluation of the application for insurance.In order to evaluate his application properly,the insurance company needed to know that Anthony suffered from heart disease.As a result,the misrepresentation about the purpose of the doctor visit is a material misrepresentation if the insurance company would have made a different decision about issuing the life insurance policy had it known the truth.
5）Example
Michael Etheridge was the policyowner-insured of a $100,000 term life insurance policy.The policy’s annual renewal premium was due on March 21 of each year.His policy contained a typical grace period provision.Micheal died on April 10,1998,without having paid the renewal premium then due.
Analysis
Because Macheal died during his policy’s 31-day grace period,the insurer was liable to pay the policy proceeds to the named beneficiary,but it may deduct the amount of the unpaid renewal premium from those proceeds.