Chapter 33.1 Key Terms Created by: Marlie Brewer

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Across
  1. 6. A risk that meets an insurance company's criteria for insurance coverage.
  2. 8. Occurs when conditions can be controlled to minimize the chance of harm.
  3. 9. The possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lightning, drought, or earthquake.
  4. 10. Paid protection against loss due to injury or property damage.
  5. 11. The possibility of loss or injury.
Down
  1. 1. Cannot be controlled.
  2. 2. A risk that is unacceptable to insurance carriers because that likelihood of loss is too high.
  3. 3. The risk of harm caused by human mistakes, dishonesty, or another risk that is attributed to people.
  4. 4. The threat of loss with no opportunity for gain.
  5. 5. The systemic process of managing risk to achieve your objectives.
  6. 7. Occurs when there is likelihood of economic loss.