Exam #3

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Across
  1. 3. coverage for your place of residence and its associated financial risks.
  2. 6. a list or other documentation of personal belongings, with purchase dates and cost of information
  3. 8. a provision stating that the insurer cannot dispute the validity of a policy after a specified period.
  4. 10. a provision that allows the insured not to forfeit all accrued benefits
  5. 12. a policy provision that requires a homeowner to pay for part of the losses if the property is not insured for the specific percentage of the replacement value.
  6. 15. an independent membership corporation that provided protection against the cost of hospital care.
  7. 18. a group of doctors and hospitals that agree to provide health care at rates provided by the insurer
  8. 19. chance or uncertainty of loss
  9. 20. a provision stating that if the insured dies by suicide during the first two years the policy is in force, the death benefit will equal the amount of premium paid
  10. 25. the place of residence to determine a person’s automobile insurance premium.
  11. 26. life insurance that does not provide policy dividends
  12. 28. when a person is held legally responsible for the actions of another person
  13. 30. or a personal catastrophe policy, supplements your basic personal liability coverage.
  14. 32. The process of establishing a monetary fund to cover the cost of a loss
  15. 33. the cause of a possible loss
  16. 35. a person who is designated to receive something such as life insurance proceeds from the insured.
  17. 37. a claim settlement method in which the insured receives the full cost of repairing or replacing a damaged or lost item.
  18. 38. a provision under which both the insured and the insurer share the covered losses
  19. 39. When a person is help responsible for intentional or unintentional actions.
  20. 40. failure to take ordinary or reasonable care.
  21. 41. a risk-sharing firm that assumes financial responsibility for losses that may result from an insured risk
  22. 42. A claim settlement method in which the insured receives payment based on the current replacement cost of a damaged or lost item less depreciation.
  23. 43. coverage for the risk of financial loss due to legal expenses, medical costs, lost wages, and other expenses associated with injuries caused by an automobile accident for which the insured was responsible
  24. 44. out of pocket limit
  25. 45. a network of selected contracted, participating providers
  26. 46. life insurance protection for a specified period of time
  27. 47. when there is only a chance of loss, aka insurable risk
  28. 48. state legislation that requires drivers to prove their ability to cover the cost of damage or injury caused by an automobile accident.
  29. 49. addition of coverage to the homeowner’s policy.
  30. 50. home insurance that pays the cost of minor accidental injuries on one’s property
  31. 54. pays part or all of hospital bills for room, board, and other charges.
  32. 55. provides payments to replace income when an insured person is unable to work.
  33. 56. supplements medicare by filling the gap between medicare payments and medical costs not covered by medicare
  34. 57. prepaid health plans that provide comprehensive health care to members.
  35. 58. protects against the large expenses of a serious injury or a long illness
Down
  1. 1. people who are unable to obtain automobile insurance due to poor driving or accident records and must obtain coverage at high rates through a state program that requires insurance companies to accept some of them.
  2. 2. covers the damage or loss of a specific item of high value.
  3. 4. a category based on the driver’s age, sec, marital status, driving record, and driving habits.
  4. 5. pays part or the full amount of the surgeon’s fees for an operation
  5. 7. automobile insurance that pays for damage to the insured’s car when it is involved in an accident
  6. 9. an insurance plan in which the policyholder pays a specified premium each year for as long as he or she lives
  7. 11. legal responsibility for the financial cost of another person’s losses or injuries
  8. 13. the set amount that the policyholder must pay per loss on an insurance policy
  9. 14. life insurance that provided policy dividends
  10. 16. an automobile insurance program in which drivers involved in accidents collect medical expenses, lost wages, and related injury costs from their own insurance companies
  11. 17. a provision under which the insured pays a flat dollar amount each time a covered medical service is received after the deductible has been met
  12. 21. helps pay for physician’s care that does not involve surgery
  13. 22. a program of medical assistance to low-income individuals and families
  14. 23. a health insurance plan that provided a wide range of health care services for a fixed, prepaid monthly premium
  15. 24. a person who owns an insurance policy
  16. 25. any document attached to the policy that modifies its coverage by adding or excluding specified conditions or altering its benefits
  17. 27. a factor that increases the likelihood of loss through some peril
  18. 29. an independent membership corporation that provides protection against the cost of surgical and medical care.
  19. 31. pays for the cost of day-in, day-out care for long-term illness or disability.
  20. 34. a method of integrating the benefits payable under more than one health insurance plan
  21. 36. pays benefits only when you are hospitalized
  22. 44. when there is a chance of either loss or gain
  23. 51. the amount received after giving up life insurance policy
  24. 52. the amount of money a policyholder is charged for an insurance policy
  25. 53. a federal health insurance program for people 65 or older, people of any age with permanent kidney failure, and people with certain disabilities.