econ crossword puzzle

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Across
  1. 4. risk insurance due to dishonesty or reckless behavior
  2. 6. process of evaluating risk and deciding coverage and price
  3. 8. principle of restoring the insured to the financial position before loss
  4. 11. damage , injury, or financial harm that my be covered by insurance
  5. 12. the written insurance contract
  6. 15. legal responsibility for injury or damage to others
  7. 17. specific loss or condition that a policy does not cover
  8. 19. person who investigates claims and determines payment amounts
  9. 20. insures right to recover from a third party after paying a claim
  10. 22. another term for an insurance company that underwrites coverage
  11. 23. person or entity designated to receive policy proceeds
  12. 25. legally binding agreement an insurance policy is one
  13. 27. optional add-on that modifies or adds coverage to a policy
  14. 28. an unexpected event that results in injury or damage
  15. 30. temporary proof of coverage before the policy issued
  16. 31. amount paid to keep insurance coverage in force
  17. 34. eligible for coverage because the risk can be accepted and priced
  18. 35. protection provided by the policy for specified losses
  19. 38. extra time after the due date pay without losing coverage
  20. 41. failure to use reasonable care, leading to harm
  21. 42. condition that increases the chances or severity of a loss
  22. 44. company that provides coverage and pays covered losses
  23. 45. policy provisions that describe duties and rules for coverage
  24. 47. maximum amount an insurer will pay for a covered loss
  25. 48. person or entity covered by the policy
  26. 50. fixed amount paid for a covered health service
Down
  1. 1. auto coverage that pays for damage from hitting another object/vehicle
  2. 2. professional who uses statistics to price risk and set premiums
  3. 3. request for payment under the terms of an insurance policy
  4. 5. insurance purchased by an insurer to spread risk
  5. 7. submission of required information or documents (e.g., premium reports )
  6. 9. auto coverage for non- collision losses like theft or hail
  7. 10. cost - sharing percentage the insured pays after the deductible
  8. 13. premium methods based on an insured's prior history
  9. 14. coverage for movable items often scheduled (e.g , jewelry)
  10. 16. agent who represents only one insurance company
  11. 18. cost the insured pays that are not reimbursed by insurance
  12. 21. an event that triggers coverage under an occurrence-based policy
  13. 24. amendment that changes a policy's terms or coverage
  14. 26. termination of coverage due to nonpayment of premium
  15. 29. decrease in value over time; affects actual cash value claims
  16. 32. cause of loss insured against (e.g.,fire,wind)
  17. 33. party to whom a policy owner transfer certain policy rights
  18. 36. licensed representative who sells insurance for a company
  19. 37. amount the insured pays before the insurer begins to pay
  20. 39. form used to request insurance and provide underwriting information
  21. 40. contract that provides a stream of payments, often for retirement
  22. 43. compensation paid to an agent or broker for selling a policy
  23. 46. intermediary who shops coverage from multiple insures for a client
  24. 49. intentional deception to obtain insurance benefits unlawfully