All of the events that would give rise to claims under the indenture cannot have materialized prior to the inception of the contract. If this "all events" test is Hole In One Coverage not met, then the dicker is thought-through to be a retroactive contract, for which the accounting treatment becomes complex.
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Gamblers, by creating fashionable risk transfer, are risk seekers
- Insurance buyers are risk avoiders, creating risk transfer in terms of their occasion to reduce exposure to extravagant losses.