VA Ch.1-3

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Across
  1. 4. number of years the SCC examines insurers
  2. 7. person responsible for determining and accepting risks
  3. 10. where you can find your deductible in your contract
  4. 12. where you can find covered perils in the contract
  5. 15. exchange of value between the parties in the contract
  6. 17. someone who sells, solicits, and negotiates insurance contracts
  7. 18. damages that will pay for bills
  8. 19. both parties must perform certain duties
  9. 20. policy is not renewed after the expiration date
  10. 21. voluntarily given up a known right
  11. 22. withholding information
  12. 23. days required to notify the SCC of a felony conviction
  13. 26. giving anything of value in exchange for purchasing a policy
  14. 27. statement guaranteed to be true
  15. 29. something that increases the chance of a loss
  16. 30. insurer transfers risk to another insurer
  17. 31. incorporated in another country
Down
  1. 1. using your blinker is an example of this risk management technique
  2. 2. temporary proof of insurance
  3. 3. covers everything except exclusions
  4. 5. a lie or leaving facts out about a policy
  5. 6. someone in a position of trust
  6. 8. both parties have legal capacity to enter a contract
  7. 9. where you can find clauses in the contract
  8. 11. used when there is a dispute on who is at fault
  9. 13. hired for a fee to provide insurance advice
  10. 14. only one party is legally bound by a contract
  11. 16. agents needs this in order to do business for the insurer
  12. 24. other insurance clause where each company pays a portion of the loss
  13. 25. hazard caused by the carelessness of the insured
  14. 28. years required to retain records
  15. 30. uncertainty about a future outcome