Untitled

3. The person who receives the insurance benefit
8. allowance for physical wear and tear or technological or economic obsolescence
10. The proposal made, the Premium and the guarantee to provide the cover
11. A provision in an insurance policy that eliminates coverage for certain risks, people, property classes, or locations
12. the insurer, after making good the loss, tries to recover the same from the person who was responsible for the loss
13. helps legislation to adequate compensation without lengthy disputes
14. A wrongful act, other than crime or breach of conduct, committed by one party against another

1. Individual or entity presenting or lodging a claim against the insurer
2. Addition, changes to Insured info, coverage info, forms changes, Audit, cancellations
4. Calamity or an event resulting in great loss
5. Intended to punish the wrongdoers who through malicious / outrages actions cause injury/damages to others
6. An amendment to an insurance policy that becomes a part of the insurance contract and that either expands or limits the benefits payable under the contract is called
7. The flat amount that the insured must pay before the insurer makes any benefit payments
9. the insured is placed in the same position financially, as far as possible, as he occupied immediately before the loss
10. Who approaches the insurance company to purchase insurance
12. is a promise to pay one party a particular amount if second party fails to meet some obligation