Policy Provisions and Contract Law

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Across
  1. 6. This takes place when the insured and insurer disagree on the value of any property loss
  2. 7. the termination of an insurance policy at the expiration date
  3. 10. Legal term for intentionally withholding information of material fact
  4. 11. Reporting Act that protects consumers from distribution of false or obsolete personal financial information (Two Words)
  5. 12. A form or statement from an insured that informs the insurer of a possible claim (Three Words)
  6. 14. A method of settling a casualty claim when the insured and insurer cannot agree how to settle a claim.
  7. 15. Section of the policy that details perils that are not insured against
Down
  1. 1. Section of an insurance policy containing insured name, address, amount of coverage, premiums, and location description
  2. 2. Section of the policy that establishes the obligation of the insurance company to provide coverage(Two Words)
  3. 3. The first element of a contract that includes offer and acceptance
  4. 4. Statement believed to be true to the best of ones knowledge
  5. 5. An absolute true statement upon which the validity of the insurance policy depends
  6. 8. The termination of an in-force policy by the insured or insurer
  7. 9. A provision in property policies that outlines how other insurance will share the loss proportionally based on the limits of the policies (Two Words)
  8. 13. Printed addendums to a contract that change the original terms