C11

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Across
  1. 3. actual cash value
  2. 5. the cause of loss that is the immediate and effective cause of the loss or damage
  3. 6. amount of a loss that the insured must pay
  4. 9. when a insurer issues a policy at the request of another insurance company
  5. 11. reason for voiding a contract
  6. 13. attachment to a policy which varies the term of the contract
  7. 14. one function of insurance
  8. 16. an independent business person who may place business with an number of insurer's
  9. 17. when a person is forbidden by law to speak against his own act or deed
  10. 19. total amount for which the insurer is at risk
  11. 20. civil wrong
  12. 21. one party fails to perform
  13. 23. a general group such as the public at large
  14. 26. funds put aside to pay for losses reported but not yet paid or not yet reported
  15. 28. first thing a risk manager does with a risk
  16. 29. price of a unit of insurance for a period of one year, expressed in dollars, cents or percentage
  17. 31. promise by the insured that a specified state of affairs will continue to exist for the duration of the policy
  18. 32. a time after which a cause of action ceases
  19. 33. payment for business produced
  20. 36. risk to a business
  21. 37. is the instrument evidencing a contract
  22. 38. is the right of the insurer to assume the rights of recover from the loss
  23. 39. type of contract where value is determined at the time the item is insured
  24. 40. the party who brings a legal action against another
Down
  1. 1. type of adjuster that works for the insured
  2. 2. overrides all common law dealing with the same point
  3. 4. a type of contract that is treated as if it never existed
  4. 5. - first priority of producers
  5. 7. the premium required to the losses that occur
  6. 8. what a written contract prevents
  7. 10. Office of the Superintendent of Insurance
  8. 12. is not an insurance company but a market
  9. 15. a legal decision serving as an authoritative rule in future similar events
  10. 18. an event that will give rise to a loss
  11. 22. element of a contract
  12. 24. type of delivery system for insurance (2 words)
  13. 25. one way an insurer spreads risk
  14. 27. a category of insurance
  15. 30. the hazard that relates to the character of the insured
  16. 32. the law that is concerned with the methods of protecting and enforcing rights and duties
  17. 34. put back into the same position as just prior to a loss
  18. 35. rate used when a insured cancels a policy