Across
- 2. Agent who represents only one insurance company.
- 6. Licensed representative who sells insurance for a company.
- 7. Maximum amount an insurer will pay for a covered loss.
- 9. Person or entity designated to receive policy proceeds.
- 10. Another term for an insurance company that underwrites coverage.
- 12. Cause of loss insured against (e.g., fire, wind).
- 16. Person who investigates claims and determines payment amounts.
- 17. The written insurance contract.
- 21. Cost-sharing percentage the insured pays after the deductible.
- 23. Costs the insured pays that are not reimbursed by insurance.
- 25. Premium method based on an insured’s prior loss history.
- 27. Intentional deception to obtain insurance benefits unlawfully.
- 28. Risk increase due to dishonesty or reckless behavior.
- 30. Legally binding agreement; an insurance policy is one.
- 32. Eligible for coverage because the risk can be accepted and priced.
- 35. Request for payment under the terms of an insurance policy.
- 36. Optional add-on that modifies or adds coverage to a policy.
- 40. Coverage for movable items, often scheduled (e.g., jewelry).
- 41. Damage, injury, or financial harm that may be covered by insurance.
- 42. Condition that increases the chance or severity of a loss.
- 44. Amount paid to keep insurance coverage in force.
- 45. Form used to request insurance and provide underwriting information.
- 48. Person or entity covered by the policy.
Down
- 1. Failure to use reasonable care, leading to harm.
- 3. An unexpected event that results in injury or damage
- 4. Company that provides coverage and pays covered losses.
- 5. Temporary proof of coverage before the policy is issued.
- 8. Intermediary who shops coverage from multiple insurers for a client.
- 10. Auto coverage for non-collision losses like theft or hail.
- 11. Termination of coverage due to nonpayment of premium.
- 13. Legal responsibility for injury or damage to others.
- 14. Party to whom a policy owner transfers certain policy rights.
- 15. An event that triggers coverage under an occurrence-based policy.
- 18. Amendment that changes a policy’s terms or coverage.
- 19. Compensation paid to an agent or broker for selling a policy.
- 20. Submission of required information or documents (e.g., premium reports).
- 22. Process of evaluating risk and deciding coverage and price.
- 24. Insurance purchased by an insurer to spread risk.
- 25. Specific loss or condition that a policy does not cover.
- 26. Extra time after the due date to pay without losing coverage.
- 29. Protection provided by the policy for specified losses.
- 31. Amount the insured pays before the insurer begins to pay.
- 33. Insurer’s right to recover from a third party after paying a claim.
- 34. Professional who uses statistics to price risk and set premiums
- 37. Fixed amount paid for a covered health service.
- 38. Policy provisions that describe duties and rules for coverage.
- 39. Decrease in value over time; affects actual cash value claims.
- 43. Auto coverage that pays for damage from hitting another object/vehicle.
- 46. Contract that provides a stream of payments, often for retirement.
- 47. Principle of restoring the insured to the financial position before loss.