Insurance Group 1

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Across
  1. 5. additional paid-up feature to widen up the scope of the base life insurance policy.
  2. 6. principle applies when the insured takes more than one insurance policy for the same subject matter.
  3. 7. ________Claim-This feature ensures that all medical bills are directly settled between your insurer and hospital.
  4. 8. When was the Insurance Act amended to govern investments and establish minimum solvency margins?
  5. 10. These are items that are not covered by a life insurance policy and for which the insurance company would not pay a benefit if a claim were made.
Down
  1. 1. things that are not covered under a life insurance policy
  2. 2. ______Cause-This principle applies when the loss is the result of two or more causes.
  3. 3. is when one reinsurance company and another insurance company assume some risks.
  4. 4. is a deal wherein the insurer shares a part of the risk portfolio with another insurance firm.
  5. 9. ____committee report submitted but not made public in 1997.