Insurance is the sharing of risks. Nearly everyone is ( 1 ) to risk of some sort. The house owner, for example, knows that his property can be ( 2 )by fire; the ship owner knows that his vessel may be lost at sea; the breadwinner knows that he may die at an early age and ( 3 ) his family poorer. On the other hand, not every house is damaged by fire, nor every ( 4 ) lost at sea. If these persons each put a small sum into a pool, there will be ( 5 ) to meet the needs of the few who do suffer loss. ( 6 ), the losses of the few are met from the contributions of the many. This is the basis of insurance. Those ( 7 ) pay the contribution are known as “insured” and those who administer the pool of contributions ( 8 ) “insurers”.Not all risks can be ( 9 ) by insurance. Broadly speaking, the ordinary risks of business and speculation cannot be covered. The risk that buyers will not buy goods ( 10 ) the prices offered is not of a kind that can be statistically ( 11 ).The legal basis of all insurance is the “policy”. This is a printed ( 12) of contract on paper of the best ( 13 ). It states that in return for the regular payment by ( 14) of a named sum of money, called the “premium” (保险费)，which is usually paid every year, the insurer will pay a sum of money or compensation for loss, ( 15 ) the risk or event insured against actually happens.

1.A. faced B. exposed C. expanded D. opened

2. A. damaged B. spoiled C. upset D. disturbed

3. A. let B. have C. leave D. force

4. A. vessel B. plane C. train D. boat

5. A. few B. little C. many D. enough

6. A. In other words B. In another words C. In a word D. In other word

7. A. whom B. who C. which D. that

8. A. to B. as C. against D. by

9. A. covered B. paid C. made D. lent

10. A. by B. at C. with D. against

11. A. estimation B. be estimating C. estimate D. estimated

12. A. format B. form C. shape D. figure

13. A. nature B. trait C. quality D. character

14. A. an insured B. the insurer C. the insured D. insurer

15. A. even if B. if C. as if D. whether