Or the insurance company could be a mutual insurance company, in which case the insurance company is owned by the insured.

保险公司也可以是互助保险公司,也就是保险公司的股东就是被保险人

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It has to have a contract design; that would be a document, which is a contract between the insured and the insurance company.

它必须有合同设计,那是一个文件,也就是被保险人和保险公司签订的合同

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In order to devise an insurance contact that does this job, we have to have a contract between an insurance company and the insured.

要想设计一个保险合约,要想做这项工作，我们得在保险公司和,被保险人之间建立一个合约。

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In other words, lower the amount insured below the actual value of the house to prevent moral hazard.

换句话说，将房屋的保险价值低估于其实际价值,以此来防范道德风险。

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You talk to these people who were standing in front of the bank; the first question you'd ask them, aren't deposits insured in the U.K.

你去银行门前,与排队的人们交谈,先问他们,英国的存款

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Life insurance is--what it insures is a beneficiary against the death of an insured.

寿险公司针对被保险人的死亡,向受益人提供保险

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They have to contend with something called moral hazard, which is the risk that people will be affected by the fact that they're insured and do something bad.

保险公司必须应对道德风险的问题,也就是说,有些人可能会因为购买了保险,而动了歪念来骗取保费

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They said, it's not going to work because you have to decide how much the house is insured for and then anybody--If you ever make a mistake and you insure it for too much, then the people who realize they've got one on the insurance company-- they've insured the house for more than it's worth-- they'll burn down their house and collect the money.

他们说，火险根本无法实施,因为你必须判断,这房子的保价是多少,一旦你出现了一些失误,保价评估得过高，那些意识到他们可能会从,保险公司赚利的人们-,即保险公司的保价高于房子的实际价值-,他们就会烧掉自己的房子来赚钱。

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