CrossWord

4. Insurer’s inability to pay debts.
6. The price of an insurance policy.
8. The potential danger that threatens to harm or destroy an object, event, or person.
9. The conversion of mutual insurance companies into publicly traded stock insurance companies.
11. Maximum amount of insurance that can be paid for a covered loss.
12. Number of times a loss occurs.
13. The company’s best estimate of what it will pay for claims, which is periodically readjusted.
17. Percentage of each premium dollar an insurer spends on claims.
18. Insurance salesperson that searches the marketplace in the interest of insured.
19. A similar word that represents liability.

1. The person who reviews an application for insurance and decides if the applicant is acceptable and at what premium rate.
2. Fee paid to an agent as a percentage of the policy premium.
3. The cause of a possible loss.
5. The amount by which assets exceed liabilities.
7. Insurance written in an amount approximating the value of the insured property.
10. The ability of a business to quickly convert assets into cash without incurring a considerable loss.
14. The automatic re-establishment of in-force status effected by the payment of another premium.
15. A third party
16. Movable property such as jewelry or sports equipment.
20. Available resources of an insurance company that might be used to pay its debts.