AINS 22 - Key Terms - Assignments 1 - 4

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Across
  1. 2. unique number assigned to each vehicle that identifies certain vehicle characteristics; acronym.
  2. 3. a risk financing technique by which the financial responsibility for losses and variability in cash flows is shifted to another party.
  3. 7. time frame, beginning with the inception date, during which insurance coverage applies.
  4. 8. aka cause of loss.
  5. 9. risk control technique that reduces the frequency of a particular loss.
  6. 11. risk control technique that involves ceasing or never undertaking an activity so that the possibility of a future loss occurring from that activity is eliminated.
  7. 15. statement of facts about a loss for which the insured is making a claim.
Down
  1. 1. alternative dispute resolution method by which disputing parties use a neutral outside party to examine the issues and develop a settlement, which can be final and binding.
  2. 4. method of resolving disputes between insurers and insureds over the amount owed on a covered loss.
  3. 5. part of the insurance policy that provides basic information about the parties involved and specific coverage.
  4. 6. dec page, insuring agreements, conditions, exclusions; acronym.
  5. 10. any condition or situation that presents a possibility of loss, whether or not an actual loss occurs.
  6. 12. money claimed by, or a monetary award to, a party who has suffered bodily injury or property damage for which another party is legally responsible.
  7. 13. a person, corporation, partnership, or other entity identified as an insured party in an insurance policy's dec page.
  8. 14. a wrongful act or an omission, other than a crime or a breach of contract, that invades a legally protected right.