Life Insurance Prelicensing Vocab 1

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Across
  1. 1. Something that increases the chance of loss
  2. 3. Cause of loss, fire, tornado
  3. 5. Type of risk that is insurable, only involves chance of loss
  4. 7. Type of duty that deals with remitting premium promptly
  5. 9. What is the second beneficiary called?
  6. 10. Type of hazard dealing with dishonesty
  7. 12. Type of risk involving gain or loss, not insurable
  8. 14. Type of hazard dealing with being reckless, apathetic, drinking and driving
Down
  1. 2. Exchange of unequal values and element of chance
  2. 4. An insurer with headquarters in Puerto Rico has what domicile?
  3. 6. Life insurance creates an immediate _______
  4. 8. Only one party has an enforceable promise
  5. 11. Type of agent that can represent only one company
  6. 13. To restore, to make whole