Across
- 2. unique number assigned to each vehicle that identifies certain vehicle characteristics; acronym.
- 3. a risk financing technique by which the financial responsibility for losses and variability in cash flows is shifted to another party.
- 7. time frame, beginning with the inception date, during which insurance coverage applies.
- 8. aka cause of loss.
- 9. risk control technique that reduces the frequency of a particular loss.
- 11. risk control technique that involves ceasing or never undertaking an activity so that the possibility of a future loss occurring from that activity is eliminated.
- 15. statement of facts about a loss for which the insured is making a claim.
Down
- 1. alternative dispute resolution method by which disputing parties use a neutral outside party to examine the issues and develop a settlement, which can be final and binding.
- 4. method of resolving disputes between insurers and insureds over the amount owed on a covered loss.
- 5. part of the insurance policy that provides basic information about the parties involved and specific coverage.
- 6. dec page, insuring agreements, conditions, exclusions; acronym.
- 10. any condition or situation that presents a possibility of loss, whether or not an actual loss occurs.
- 12. money claimed by, or a monetary award to, a party who has suffered bodily injury or property damage for which another party is legally responsible.
- 13. a person, corporation, partnership, or other entity identified as an insured party in an insurance policy's dec page.
- 14. a wrongful act or an omission, other than a crime or a breach of contract, that invades a legally protected right.