General Insurance Basics II

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Across
  1. 3. Concealing relevant health information on an insurance application is a ___ hazard.
  2. 6. The responsible party who ensures an application is completed.
  3. 11. The insurer is considered the ___ in an agent/insurer relationship.
  4. 13. Acceptance of a prepaid application constitutes __ in an insurance contract.
  5. 15. Agent authority includes ___ implied, and express.
  6. 16. An incomplete application must be __ for completion.
  7. 17. Underwriters may refuse to accept a risk to prevent ______ ______?
  8. 21. A certificate of __ is the document required for an insurer to transact business.
Down
  1. 1. An insurance policy is a type of ____.
  2. 2. Disappearance, decrease, or loss of __ is known as loss.
  3. 4. Insurers are classified into three types according to their ___.
  4. 5. Fraud is when ___ and material misrepresentation is made.
  5. 7. Conditions that increase the chance of loss.
  6. 8. An absolutely true statement in an insurance contract is a _____.
  7. 9. The agent is not responsible for a policy that was not delivered.
  8. 10. ___ purpose is one of the four elements of an insurance contract.
  9. 12. Only this type of risk that is insurable.
  10. 14. The ___is made when an application is submitted.
  11. 18. Wagering on a sporting event is __ risk.
  12. 19. There are ______ types of hazards in insurance.
  13. 20. The number of characteristics of an ideally insurable risk.