Unit Four Glossary

12345678910111213141516171819202122232425
Across
  1. 3. Describes the type of coverage in an insurance agreement
  2. 6. Health Care the employee contribution for. individual coverage was no more than 9.5% of household income.
  3. 11. a specific sum of money paid by the insured to the insurance company in exchange for financial protection against loss
  4. 13. Payment Insurance cover injuries sustained by the driver of the insured vehicle or any passenger regardless of fault
  5. 15. a prepaid health insurance plan in which patients receive health car from designated providers
  6. 18. covers liabilities loss as damage and loss of the home
  7. 19. property owed by a person or company, regarded as having value and available to meet debts, commitments or legacies
  8. 20. Worth the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities
  9. 21. a practice or arrangenment by which a company or government agency provides a guarantee of compensation for specified loss, damage ,illness, or death in return for payment
  10. 23. between premiums and deductibles the higher a plan's deductible, the lower the premium
  11. 24. a legal process to get out of debt when you can no longer make all your required payments
  12. 25. a thing for which someone is responsible, especially a debt or financial obligation
Down
  1. 1. a prepaid health insurance plan in which providers agree to deliver service for discount fee
  2. 2. a payment made by a beneficiary (especially for health services) in addition to that made by an insurer.
  3. 4. covers your vehicle for damage caused by impact with another vehicle or object or overturn of your vehicle
  4. 5. A formal request by a policyholder to an insurance company for coverage or compesation for covered loss or policy event
  5. 7. between risk and premiums A risk premiums is the investment return an asset is expected to yield in excess of the risk-free rate of return
  6. 8. protection against damages to your car from causes other than collision or rolling over
  7. 9. The sharing of expenses by the policyholder and the insurance company
  8. 10. amount you must pay before you begin receiving any benefits from your insurance company
  9. 12. applies to the amount of protection you have through on insurance company in the event of a loss
  10. 14. Period the length of time during which a policyholder or their dependents may file and receive payment for a covered hazard
  11. 16. Insurance insurance that pays out a sum of money either on the death of the insured person or after a set period.
  12. 17. Distribution the sharing of risk by an insurer among its insured
  13. 22. Insurance provides protection against claims resulting from injuries and damage to people/property