Insurance 101

6. a written contract ratifying the legality of an insurance agreement
8. a bond or policy covering an employer's loss resulting from an employee's dishonest act
13. Money charged for the insurance coverage reflecting expectation of loss
14. a request made by the insured for insurer remittance of payment due to loss incurred
15. a form of debt security whereby the debt holder has a creditor stake in the company
16. a refund of part or all of a premium payment
17. individual who may become eligible to receive payment due to insurance policy
18. a person who investigates claims and recommends settlement options based on estimates of damage and insurance policies held
19. Uncertainty concerning the possibility of loss by a peril for which insurance is pursued
20. period of time for which policy is in effect
21. individual who sells, services, or negotiates insurance policies either on behalf of a company or independentl

1. a certain or probable future sacrifice of economic benefits arising from present obligations of a particular entity
2. insurance term referring to retained earnings
3. termination of a policy due to failure to pay the required renewal premium
4. professional who analyzes probabilities of risk including calculation of premiums
5. A person who has enrolled as a subscriber or an eligible dependent of a subscriber
7. a percentage of premium paid to agents by insurance companies for the sale of policies
9. circumstance which tends to increase the probability or severity of a loss
10. a medium of exchange
11. an unexpected event or circumstance without deliberate intent
12. party(ies) covered by an insurance policy
18. probable future economic benefits obtained or controlled by a particular entity