1. The Concept of Advanced Cooperative Insurance
The purposes for Cooperative Insurance in its advanced form are that the number of the Insured in Simple Cooperative Insurance will be limited, and that each person will know one another. If their number increases and the insured risks become of several types , then
another body or company should run the insurance operations as an agency for fixed fees. This body should be the insurance companies. Because the contracts which constitute Cooperative Insurance are of several types and intertwined, it is justly called Advanced Cooperative Insurance.
Accordingly, Advanced Cooperative Insurance can be defined as "a collective insurance contract, whereby its more
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