Listen to the recording again and supply the missing information. I hope you’ve all finished reading the assigned chapter on insurance- so that you’re prepared for our discussion today. But, before we start, I’d like to mention a few things your text doesn’t go into. It’s interesting to1)____________________________. The earliest insurance policies were called2)_____________________. They provided shipping protection for merchants as far back as 3000 B.C. In general,3)__________________________________. They granted loans to merchants with the understanding that if a particular shipment of goods was lost at sea, the loan didn’t have to be repaid. Interest on the loans varied according to how risky it was to transport the goods.4)___________________________________, for example,5)_____________________________________. So, you can see how insurance helped encourage international trade. Even the most cautious merchants became willing to risk shipping their goods over long distances- 6)__________________________________________- when they had this kind of protection available. Generally speaking, the basic form of an insurance policy has been pretty much the same since the Middle Ages. There are four points that will serve as the basis for the rest of today's discussion. Can anyone tell me what one of those points might be?