Across
- 2. The price per unit of insurance
- 3. Relates to the likelihood of an occurrence
- 5. Is the money required to pay the losses
- 6. The total cost of a policy arrived at by multiplying the rate by the number of units purchased
Down
- 1. Is the principle that the bigger the sample, the more accurate are the results
- 4. The process of establishing rates for each class of insurance