Passage 2RULESS OF INSURANCE
　　Insurance is a financial arrangement that (0)______ the cost of unexpected losses. It is a plan for (21)______ losses with others. A loss in a particular situation is unexpected, but for a group of people (or pieces of property), losses can be predicted more accurately. If an insurance system is to function (22)______ able to predict losses is a basic necessity. An insurance program does not do away with losses. Rather, it redistributes their costs by collecting payments from all participants in the group. When many people (or businesses) are (23)______ to a specific kind of risk, their total losses are predictable and can be spread throughout the group. Everyone pays a small amount of the cost (premium). As a result, no one (24)______ a large share of loss. From a legal (25)______ of view, insurance is based on a contract. An insurance contract is a written agreement (26)______ one party agrees to pay another party for losses. The terms of an insurance contract are listed in the policy. The party agreeing to pay for the losses is the (27)______ and the one who will receive (28)______ for the loss. The payment made by the insured is called a (29)______ By means of a policy contract, you (30)______ the risk of loss to the insurer, and the cost of the loss is shared with others.
　　Example:
　　0. A. redistributes　　　　B. enjoys　　　　　C. claims　　　　　　　D. treats
　　21. A. sharing　　　　　　 B. spreading　　 　C. suffering　　　　　 D. sustaining
　　22. A. not　　　　　　　　 B. so　　　　　 　 C. quite　　　　　　 　D. being
　　23. A. exposing　　　　　　B. exposed　　 　　C. brought　　　　　　 D. taken
　　24. A. enjoys　　　　　　　B. offsets　　　 　C. shares　　　　　 　 D. sustains
　　25. A. respect　　　　　　 B. phase　　　　　 C. point　　　　　　　 D. aspect
　　26. A. hereby　　　　　　　B. whereby　　　　 C. whereof　　　　　　 D. hereafter
　　27. A. guarantor　　　　　 B. guarantee　　 　C. insured　　　　　　 D. insurer
　　28. A. compensation　　　　B. bonus　　　　　 C. proceeds　　　　　　D. dividend
　　29. A. interest　　　　　　B. premium　　　　 C. compensation　　　　D. cost
　　30. A. undertake　　　　 　B. expose　　　　　C. transfer　　　　　　D. transcend

发布日期：2021-08-22

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