CHAPTER 12.
PRINCIPLES OF INSURANCE Sec.1.Chance, unavoidable and average.Sec.2.Uneconomic character of gambling.Sec.3.Borderland of gambling.Sec.4.

Insurance: definition and kinds.Sec.5.Insurance viewed as a wager.Sec.6.Insurance as mutual protection.Sec.7.Conditions of sound insurance.Sec.8.Purpose of life insurance.Sec.9.Assessment plan.Sec.10.

The reserve plan.Sec.11.

The mortality table.Sec.12.The single premium for any term.Sec.13.

Level annual premiums and reserves.Sec.14.Different features of policies.
Sec.15.Insurance assets and investments as savings.Sec.16.