ECONOMIC IMPORTANCE OF INSURABLE RISK Cover Image

ИКОНОМИЧЕСКО ЗНАЧЕНИЕ НА ЗАСТРАХОВАТЕЛНИЯ ИНТЕРЕС
ECONOMIC IMPORTANCE OF INSURABLE RISK

Author(s): Hristo Draganov, Georgi Draganov
Subject(s): Economy, Business Economy / Management
Published by: Стопанска академия »Д. А. Ценов«
Keywords: insurable interest; insured – insurer relationship; insurance contract

Summary/Abstract: The article presents insurable risk as the necessity which determines the decision of signing an insurance contract. It also outlines all relationships between the insurer and the insured which are presented as the driving force behind the motivation for using various insurance services. An emphasis is put on the fact that insurable interest is a specific concept from insurance law and cannot be identified with the concept of “interest” as it is used in everyday life. The article also discusses certain definitions and statements regarding insurable interest expressed by a number of authors, including foreign ones, who worked in this field. The authors support the idea that not only a particular insured party has an insurable risk but also the entire insurance pool.

  • Issue Year: 28/2018
  • Issue No: 2
  • Page Range: 51-74
  • Page Count: 24
  • Language: Bulgarian