List Five Risk Factors for Contracting a Sexually Transmitted Infection

question 104

Essay

List five risk factors for contracting a sexually transmitted infection.Then list at least five strategies for reducing that risk.

Understand the concept of insurable interest and its necessity in an insurance contract.

Know the principles of contribution among insurers.

Distinguish the contractual nature of insurance policies and the principle of utmost good faith.

Learn about the doctrine of indemnity and its implications on insurance claims.

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Definitions:

Prior Period Adjustment

A correction of errors in financial statements of previous periods that were not discovered until the current period.

Capitalized Amount

The total cost of a capital asset that is recognized for accounting purposes, including acquisition costs and expenses incurred to bring the asset to its usable condition.

Percentage-Of-Completion Method

An accounting method used to recognize revenue and expenses of long-term contracts as a percentage of work completed during the period.

Completed Contract Method

The Completed Contract Method is an accounting approach where revenue and expenses of a contract are recorded only when the contract is completed.