Across
- 3. The possibility of the occurrence of an adverse event
- 5. A business professional who deals with the financial impact of risk and uncertainty
- 6. It is embedded with the logic of premium calculation
- 7. A provision within an insurance policy that eliminates coverage for certain acts, properties, types of damage or locations
- 8. The process by which an Insurer determines whether to accept a proposal for insurance based upon its risks and the probabilities of loss
- 10. A claim on property, such as a mortgage, a lien for work and materials, or a right of dower
Down
- 1. The act of one party claiming the legal rights of another that it has reimbursed for losses
- 2. The basic unit that measures a policy’s exposure to loss
- 4. Sharing the risk between more than one insurer.
- 9. A duty to make good any loss
