Description should include
- ways title and insurance are used as leverage in global negotiations
- basic elements of insurance coverage
- declaration
- insuring agreement
- conditions
- exclusions
- endorsements
- major types of insurance coverages for international business activities
- marine insurance
- property insurance
- credit-risk insurance.
Process/Skill Questions:
- What is the importance of risk reduction for a multinational corporation?
- What are the elements of an insurable risk?
- What is the purpose of an endorsement?
- Why, and for whom, is marine insurance important?
- How can management monitor international business risks?
- How is ownership transferred in global transactions?
- What role does insurance play when U.S.-based businesses are doing business overseas?
- What does the Overseas Private Investment Corporation do?