Chapter 33.1 Key Terms by: Desiree Steinkamp

1234567891011121314
Across
  1. 2. is a risk that is unacceptable to insurance carriers because the likelihood of loss is too high
  2. 3. occurs when there is likelihood of economic loss
  3. 5. the systemic process of managing risk to achieve
  4. 6. the possibility of a catastrophe caused by flood, tornado, hurricane, fire, lightning, drought, or earthquake
  5. 8. the risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people
  6. 11. a risk that meets an insurance company's criteria for an insurance coverage
  7. 13. occurs when conditions can be controlled to minimize the chance of harm
  8. 14. the possibility of loss or injury
Down
  1. 1. paid protection against loss due to injury or property damage
  2. 2. a risk that cannot be controlled
  3. 4. a period of 10 years
  4. 7. a set of incidents or events
  5. 9. a list of qualifications
  6. 10. the threat of a loss with no opportunity for gain
  7. 12. to decrease