TIE 2020 Crossword

4. The insurer's right assumed from the insured to recover payment from a third party that is legally responsible for the loss
5. To restore a party who has sustained a loss to the same financial position that party held before the loss occurred
7. A coverage plan offered by an employer or other organization that covers the individuals in that group and their dependents under a single policy
11. Classification of various businesses by insurers
13. Transferring the financial consequences of a loss to another party such as insurance company
14. Insurance which is useful when you want to sue someone
15. An autonomous, statutory body tasked with regulating and promoting the insurance and re-insurance industries in India
18. Insurance covers repair to your own vehicle, even if the accident is your fault and also covers vandalism, and hit-and-runs.
19. Property taken over by an insurer to lower its loss
20. Policy that covers employees in a company against the dangers of an aircraft accidents

1. The termination of a policy before the expiry date
2. An amount that you yourself responsible for paying towards an insured loss
3. The method by which each member of an insurance pool shares in every risk written by other pool member
6. Insurance which protects the policyholder against a suit or claim for another's bodily injury and property damage
8. An individual or firm hired by an employer to deal with claim processing
9. Multiple motor vehicles owned by the same person or company, covered by a single insurance policy
10. Money which is set aside by the insurance company to pay the losses
12. It is the duty to disclose all material facts relating to the risk to be covered
16. Insurance Insurance which is mandatory when you stay in Germany for more than 3 months
17. By paying the past due premium, if any lapsed policy is once again put into force by providing sufficient evidence as per the insurance company rule