14. * extent. under the contro’ . pdassification iat wave ae critical or atastrnen he Mie cy ant elie poubeseryihing 4 ' pine tebe Tm an portant. lee, ‘may wer Iw ' OWN hy thy he " roar thy He 1 ness Finances cor Dust haddhy fe tun trisks, Hike tery POrar yl ing iy Meng ofan econe Me eee Sse Land Non-Finane, ce 8 Concerned Mal rick, d with ot ont ¥ sal isks ee wnispeewecn DY micand Static risks. Dyna, ich have imjanal COMSEAENCE, like ra aluphea quence on the na sure less kely ie or Static Dynamic risk able.. Stauc risks are © More suited 1 io als, ete. SUH Fisks are ¢ ation, Used ay poles , tional economy, lik: slike are cau calarmities u ais which have f theft or misappropriation but are ess predict risks. also le management through insurance Fundament Particular os risk while a thefts a particularnsks. but fund experience. as many persons isan earthquake. flood or riot. ation is between Pure risks and Speculative ri Jatter are in the nature of betting or gambling where the risk P risks. The J of the person concerned, while a a to some i : iski fan Act of God. Insurance deals airs not 7 ‘als al t will be elaborated later, Pa al risks are those that affect large populations Asaffectonly specific pens. Aan crashisafund While particular risk. Life Insurance business d amental Ss deals with mental risks affect the life insurance ¢ : Pree willbe affected at the same time, bla 5 + When there Another classific so. It is more in the nature 0! pure risks and not speculative risks. This poi the chapter on the principles of life insurance