Chapter 33.1 Key Terms Created By: Luis Ramirez

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Across
  1. 3. Cannot be controlled.
  2. 5. A risk that is unacceptable to insurance carriers because the likelihood of loss is to high.
  3. 6. A risk that meets and insurance company's criteria for insurance coverage.
  4. 7. The risk of harm cause by human mistakes, dishonesty, or another risk that is attributed to people.
  5. 9. The systematic process of managing risk to achieve your objectives.
Down
  1. 1. Occurs when there is likelihood of economic loss.
  2. 2. The possibility of a catastrophe caused by a flood, tornado, hurricane, fire, lightning, drought, or earthquake.
  3. 4. Occurs when conditions can be controlled to minimize the chance of harm.
  4. 6. Paid protection against loss due to injury or property damage.
  5. 8. The threat of a loss with no opportunity for gain.
  6. 9. The possibility of loss or injury.