Insurance Quiz

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Across
  1. 4. A reason for _____is that the burden of loss is more nearly placed on the shoulders of those responsible.
  2. 7. is a statement made by an applicant for insurance before the policy is issued.
  3. 10. These are things that are not covered under a life insurance policy, and against which if claimed, insurance company wouldn’t pay any benefit.
Down
  1. 1. risk refers to the risk which arises due to causes which are not under the control of any person
  2. 2. is when one reinsurance company and another insurance company assume some risks.
  3. 3. Cause This principle applies when the loss is the result of two or more causes.
  4. 5. insurance is a life insurance policy that provides financial coverage to the beneficiary of
  5. 6. period: is the amount of time you have to decide whether or not to keep the policy you bought.
  6. 8. is a deal wherein the insurer shares a part of the risk portfolio with another insurance firm.
  7. 9. are a paid-for feature that can be added to a life insurance policy to increase its coverage.