crossword 11

2. Policy that pays the face amount of insurance if a total loss occurs.
6. is a statement that becomes part of the insurance contract and is guaranteed by the maker to be true in all respects.
9. Insurable Interest prevents g _ _ _ _ _ _ _.
11. Insurer agreeing to pay no more than the actual amount of the loss is related to principle of
14. Answers to the insurer questions are the _ _ _ _ _ _ _ _ _ _ _ _ _ _ _.
15. contract is a contract where the values exchanged may not be equal but depend on an uncertain event.
16. In _ _ _ _ _ _ _ _ _ _ _ cost insurance there is no deduction for physical depreciation in determining the amount paid for a loss.
17. contract is one in which the values exchanged by both parties are theoretically equal
19. Contract the insurer’s obligation to pay a claim depends on whether the insured or the beneficiary has complied with all policy conditions.
21. _ _ _ _ insurance contract is not a contract of indemnity
22. Subrogation helps to hold down insurance _ _ _ _ _.
23. Contract means contract is between the insured and the insurer
24. Fundamental truth or proposition that serves as the foundation for a system of belief
25. In property insurance, the insurable interest must exist at the time of the _ _ _ _.
26. Insurable Interest prevents m _ _ _ _ _ _ _ _ _ _.
28. is representation that is false .

1. means substitution of the insurer in place of the insured for the purpose of claiming indemnity from a third party for a loss covered by insurance is related to the principle of
3. Contract means that only one party makes a legally enforceable promise.
4. _ _ _ _ _ _ policy laws A law that exists in some states that requires payment of the face amount of insurance to the insured if a total loss to real property occurs from a peril specified in the law
5. Insurable Interest prevents g _ _ _ _ _ _ _.
7. Subrogation prevents the insured from collecting _ _ _ _ _ for the same loss
8. is intentional failure of the applicant for insurance to reveal a material fact to the insurer.
10. Principle of ?? States that the insured must be in a position to lose financially if a covered loss occurs.
12. In life insurance, the insurable interest requirement must be met only at the _ _ _ _ _ _ _ _ _ of the policy.
13. A higher degree of honesty is imposed on both parties to an insurance contract than is imposed on parties to other contracts is related to the principle of
18. Subrogation does not apply to _ _ _ _ insurance contracts.
20. The insurer cannot subrogate against its own _ _ _ _ _ _ _ _.
27. _ _ _ _ _ _ cash value is the Basic method for indemnifying the insured is based on the actual cash value of the damaged property.