C130 - Essential Skills for the Insurance Broker and Agent

12345678910111213141516
Across
  1. 3. a condition that may cause a peril to occur
  2. 5. when the residence contains contents, but no one lives or works in there
  3. 6. the unlawful taking of insured property from within the premises by a person unlawfully entering or leaving the premises as evidenced by marks of forcibly entry or exit
  4. 8. are independent business people
  5. 9. is giving false information to an underwriter, knowing it is false
  6. 13. means the policy is treated as if it never existed
  7. 14. the possibility of loss or damage to property
  8. 15. the taking of property without the owner's consent
  9. 16. when the premises is empty of belongings, no one lives or works there and the insured does not plan to return
Down
  1. 1. is the amount of a loss that the insured must pay
  2. 2. an arrangement whereby the insured is required to carry insurance to a specified minimum percentage of the value of the property or the insured will be liable for the percentage amount the risk is underinsured by, applied to each and every loss
  3. 4. is a request for insurance that introduces the applicant to the insurance company
  4. 7. for the broker means the payment due for insurance
  5. 10. is a factual state about the risk, either express or implied, that needs to be communicated to the underwriter so that the risk may be properly assessed.
  6. 11. in law, is a time after which a cause of action ceases and in insurance, it is the time after which a claim may not be brought
  7. 12. generally sell and service insurance policies offered by a single insurer