banking crossword puzzle

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Across
  1. 3. — Policy provisions that describe duties and rules for coverage.
  2. 5. — Submission of required information or documents (e.g.,
  3. 8. — Auto coverage that pays for damage from hitting another
  4. 9. — Insurer’s right to recover from a third party after paying a
  5. 13. — Licensed representative who sells insurance for a company.
  6. 18. — Intentional deception to obtain insurance benefits unlawfully.
  7. 20. — Premium method based on an insured’s prior loss
  8. 21. — Coverage for movable items, often scheduled (e.g., jewelry).
  9. 24. — Temporary proof of coverage before the policy is issued.
  10. 25. — Legal responsibility for injury or damage to others.
  11. 27. — An unexpected event that results in injury or damage.
  12. 29. — Maximum amount an insurer will pay for a covered loss.
  13. 32. — Cause of loss insured against (e.g., fire, wind).
  14. 34. — Optional add-on that modifies or adds coverage to a policy.
  15. 35. reports).
  16. 36. — Compensation paid to an agent or broker for selling a policy.
  17. 38. — Termination of coverage due to nonpayment of premium.
  18. 39. — Cost-sharing percentage the insured pays after the
  19. 41. — Party to whom a policy owner transfers certain policy rights.
  20. 43. — Another term for an insurance company that underwrites
  21. 44. — Contract that provides a stream of payments, often for
  22. 45. — The written insurance contract.
  23. 48. — Person or entity covered by the policy.
  24. 49. — Auto coverage for non-collision losses like theft or hail.
  25. 50. Bank (50) with Definitions (Clues)
  26. 51. — Agent who represents only one insurance company.
  27. 52. — Company that provides coverage and pays covered losses.
  28. 53. — Professional who uses statistics to price risk and set premiums.
Down
  1. 1. loss.
  2. 2. — Process of evaluating risk and deciding coverage and
  3. 4. — Amount the insured pays before the insurer begins to pay.
  4. 6. — Extra time after the due date to pay without losing
  5. 7. — Costs the insured pays that are not reimbursed by
  6. 10. answers are ONE WORD (no spaces). Some are long (example:
  7. 11. — Fixed amount paid for a covered health service.
  8. 12. — Eligible for coverage because the risk can be accepted and
  9. 14. — Principle of restoring the insured to the financial position
  10. 15. — Request for payment under the terms of an insurance policy.
  11. 16. — Failure to use reasonable care, leading to harm.
  12. 17. — Form used to request insurance and provide underwriting
  13. 19. — Decrease in value over time; affects actual cash value
  14. 22. — Person or entity designated to receive policy proceeds.
  15. 23. — Insurance purchased by an insurer to spread risk.
  16. 26. — Risk increase due to dishonesty or reckless behavior.
  17. 28. — Specific loss or condition that a policy does not cover.
  18. 30. — Damage, injury, or financial harm that may be covered by insurance.
  19. 31. — Intermediary who shops coverage from multiple insurers for a
  20. 33. — Condition that increases the chance or severity of a loss.
  21. 37. — Legally binding agreement; an insurance policy is one.
  22. 40. — Amendment that changes a policy’s terms or coverage.
  23. 42. — An event that triggers coverage under an occurrence-based
  24. 44. — Person who investigates claims and determines payment
  25. 46. — Protection provided by the policy for specified losses.
  26. 47. — Amount paid to keep insurance coverage in force.