Across
- 1. Number of months within which a lapsed policy can be reinstated
- 3. Death that occurs from natural causes such as disease or old age
- 5. A representative of an FSP who’s licensed to sell and service policies for one specific FSP
- 6. Policies written in response to applications for insurance, as distinguished from renewal
- 8. A request to an FSP to pay a benefit scheduled in policy document
- 9. The specific circumstances when the benefits from a policy aren’t paid
- 12. The authorised financial services provider that sells life/funeral insurance or other policy to you
- 14. A recognised relationship between the policyholder/owner and the life assured
- 15. Information supplied by the insured to the FSP which is incorrect to a material degree
Down
- 2. The failure to disclose material facts before entering into a policy.
- 4. A life policy with a low sum assured intended to pay for the burial costs on the death of the insured.
- 7. Literally “an act of grace”. If a claim is paid in full or in part by an insurer without admission of liability and without waiver of right
- 10. The chance of a loss occuring
- 11. A licensed representative who sells and services insurance policies for different FSPs
- 13. The fee paid to a broker/agent for the broker’s/agent's services and is calculated as a percentage of the premium generated on the insurance policy.
- 16. The regular monthly contractual payment made by the policyholder in return for funeral cover