Crossword

3. An intermediary who has access to a broader market and multiple price quotes (6)
6. A risk having greater than average likelihood of loss is known as (11)
10. Insurance agents can be sued if they misrepresent the nature of this (8)
11. The critical difference between moral hazard and morale hazard (5)
13. A condition or situation that increases the chances of loss arising from a peril (6)
14. Policy that has a list of perils not covered and everything not mentioned is covered (16)

1. A risk that involves no possibility of gain; either loss or no loss occurs (4)
2. A risk that involves three possible outcomes: gain, loss or no change (11)
4. One of the ways insurance companies lower moral hazard by having the policyholder share in the loss (10)
5. A kind of hazard that occurs when insured parties take more risks knowing their insurers will protect them against losses (5)
7. It is an estimate of premium for the insurance coverage you selected and information you entered, by just filling minimum required details (5,5)
8. This kind of moral hazard refers to the behavioural change of a policyholder before an event occurs (2,4)
9. Event, situation or incident that can cause any loss or damage (5)
12. Policy that has a list of perils covered; Anything not mentioned is not covered (5)