Life Insurance license: Basic Principles

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Across
  1. 1. portion of insurance policy promises to make payment to or on behalf of the insured
  2. 5. act of restoring a lapsed policy on becoming insurable again and paying any past-due premiums required
  3. 7. an association of all the state insurance commissioners active in regulatory problems and forming model legislations and requirements
  4. 8. insurance plan that is not entitled to the plan
  5. 10. mandatory health insurance provision that the insured must complete a claim with days of the date of loss
  6. 15. permanent level insurance protection for a person's "whole of life" from policy issue to death of insured
  7. 16. informational consumer guide books that explain insurance policies and concepts, and can vary state by state
  8. 19. insurance company owned and controlled by a group o stockholders whose investment in the company provides guaranteed fixed premium, nonparticipating policies
  9. 21. insurance plan under the policy owner receives shares
  10. 26. funds held by the company to payout or fulfill future claims
  11. 27. state run association to support insurance companies (insurers) and protect consumers.
  12. 28. type of life insurance in which a single contract covers an entire group of people, like an employer-employee group and the insured does not own the policy
  13. 29. a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete their job (core functions)
  14. 30. insurance pays benefits for nonsurgical doctors' fees commonly paid in a hospital
Down
  1. 2. insurance companies that have no stock or stockholders but owned by policy owners and have participating plans
  2. 3. insurance protection that is for a set number of years, expiring with no value if the insured survives the stated period
  3. 4. insurance policy provision state that the application and policy for the insurer
  4. 6. the quote or part of insurance contract setting forth the amount of initial and renew premiums as well as the frequency of future payments
  5. 9. insurance to cover things owned by the insured that could harm others where people could get hurt and sue the insured
  6. 10. policy that provides financial reimbursement to the owner or renter of a structure and its contents, in the event of damage or theft
  7. 11. federal law requiring an individual to be informed if he or she is being investigated by an inspection company
  8. 12. company that provides financial protection to insurance companies
  9. 13. summary of terms of an insurance policy, including the conditions, coverage limitations, and premiums
  10. 14. policy provision to provide notification of loss to the insurer within a reasonable period of time
  11. 17. nonprofit benevolent (charity) organization that provides insurance to its members internally.
  12. 18. insurance against loss due to the death of a particular person upon whose death the insurance company to pay a stated sum or income to the beneficiary
  13. 20. insurance company or independent agent that offers more than one type of insurance
  14. 22. insurance that covers broadly like vehicle insurance, liability insurance, theft insurance, workers' comp or elevator insurance; in case someone sues you
  15. 23. insurance against loss through sickness or accidental bodily injury, called disability insurance
  16. 24. amount of expense or loss to be paid by insured before the insurance policy starts paying benefits
  17. 25. paper which provides basic information about an insurance policy, the first page (face) of an insurance policy that states the insured's name, address, policy period, location, policy limits and other key information