Across
- 4. risk insurance due to dishonesty or reckless behavior
- 6. process of evaluating risk and deciding coverage and price
- 8. principle of restoring the insured to the financial position before loss
- 11. damage , injury, or financial harm that my be covered by insurance
- 12. the written insurance contract
- 15. legal responsibility for injury or damage to others
- 17. specific loss or condition that a policy does not cover
- 19. person who investigates claims and determines payment amounts
- 20. insures right to recover from a third party after paying a claim
- 22. another term for an insurance company that underwrites coverage
- 23. person or entity designated to receive policy proceeds
- 25. legally binding agreement an insurance policy is one
- 27. optional add-on that modifies or adds coverage to a policy
- 28. an unexpected event that results in injury or damage
- 30. temporary proof of coverage before the policy issued
- 31. amount paid to keep insurance coverage in force
- 34. eligible for coverage because the risk can be accepted and priced
- 35. protection provided by the policy for specified losses
- 38. extra time after the due date pay without losing coverage
- 41. failure to use reasonable care, leading to harm
- 42. condition that increases the chances or severity of a loss
- 44. company that provides coverage and pays covered losses
- 45. policy provisions that describe duties and rules for coverage
- 47. maximum amount an insurer will pay for a covered loss
- 48. person or entity covered by the policy
- 50. fixed amount paid for a covered health service
Down
- 1. auto coverage that pays for damage from hitting another object/vehicle
- 2. professional who uses statistics to price risk and set premiums
- 3. request for payment under the terms of an insurance policy
- 5. insurance purchased by an insurer to spread risk
- 7. submission of required information or documents (e.g., premium reports )
- 9. auto coverage for non- collision losses like theft or hail
- 10. cost - sharing percentage the insured pays after the deductible
- 13. premium methods based on an insured's prior history
- 14. coverage for movable items often scheduled (e.g , jewelry)
- 16. agent who represents only one insurance company
- 18. cost the insured pays that are not reimbursed by insurance
- 21. an event that triggers coverage under an occurrence-based policy
- 24. amendment that changes a policy's terms or coverage
- 26. termination of coverage due to nonpayment of premium
- 29. decrease in value over time; affects actual cash value claims
- 32. cause of loss insured against (e.g.,fire,wind)
- 33. party to whom a policy owner transfer certain policy rights
- 36. licensed representative who sells insurance for a company
- 37. amount the insured pays before the insurer begins to pay
- 39. form used to request insurance and provide underwriting information
- 40. contract that provides a stream of payments, often for retirement
- 43. compensation paid to an agent or broker for selling a policy
- 46. intermediary who shops coverage from multiple insures for a client
- 49. intentional deception to obtain insurance benefits unlawfully