Insurance risk: Difference between revisions
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imported>Doug Williamson (Create the page. Source: MCT reading 1 - 1.4.1 page 3.) |
imported>Doug Williamson (Be explicit that it is the treasurer's employer organisation which will be uninsured in the case illustrated.) |
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The risk of financial loss or other adverse effects resulting from failures in relation to the organisation's insurance activities. | The risk of financial loss or other adverse effects resulting from failures in relation to the organisation's insurance activities. | ||
A simple example would be failing to pay | A simple example would be failing to pay an insurance premium on time, resulting in the organisation being uninsured. | ||
