Chapter 33.1 Key Terms created by:Lluvia

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Across
  1. 6. Occurs when there is likelihood of economic loss.
  2. 7. Cannot be controlled.
  3. 8. Is the threat of a loss with no opportunity for gain.
  4. 9. Is the possibility of loss or injury.
  5. 10. Is the systematic process of managing risk to achieve our objectives.
Down
  1. 1. Is a risk that meets an insurance company's criteria for insurance coverage.
  2. 2. Occurs when conditions can be controlled to minimize the chance of harm.
  3. 3. Is a risk that is unacceptable to insurance carriers because the likelihood of loss is to high.
  4. 4. Is paid protection against loss due to injury or property damage.
  5. 5. Is the possibility of catastrophe caused by a tornado,hurricane,fire,drought,or earthquake.