Exam #3

4. A provision were the insured pays a certain amount after the ensurer pays for 100% of covered expenses.
7. The amount received after giving up a life insurance policy.
9. failure to take reasonable care in a situation.
10. A plan that provides a wide range of health care services for a fixed premium.
11. A contract that provides regular income for as long as a person lives.
12. protection against possible financial loss.
14. Life insurance specified for a period of time.
15. a risk sharing firm that assumes responsibility.
18. A whole life policy that combines term insurance and investment elements.
21. someone who owns an insurance policy.
24. A document that modifies a policy's coverage.
25. A corporation that provides protection against against hospital care.
28. A provision were both the insurer ans the insured share losses.
29. A federal health insurance program for people 65 and older.
30. an insurance company is known as.

1. the set amount a person has to pay per loss on their policy.
2. a person covered by an insurance policy.
3. A benefit under which the company pays twice the face value.
5. legal responsibility for the financial cost of something.
6. Pays for cost on long term illness or disability.
8. A provision that allows the insured not to forfeit all benefits.
13. A insurance agent who passed a series of college level insurance examinations.
16. The process insurance companies use to determine premiums.
17. A program for medical assistance to low income families.
19. A method of integrating the benefits payable under more than one plan,
20. A person designated to receive something such as life insurance proceeds.
22. A corporation that provides protection against surgical care.
23. a written contract for your insurance.
26. Were the insured pays a flat dollar amount each time a medical service is received.
27. the amount of money that is charged for your insurance policy.