General Insurance

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Across
  1. 6. The state requires the insurance company to have a certificate of authority (1 Word)
  2. 9. A position of a financial trust (2 Words)
  3. 11. Believed to be true (1 Word)
  4. 14. Uncertainty/Possibility of loss (1 Word)
  5. 17. The insured and insurance company have a right to expect honesty from each other(3 words)
  6. 19. This method of handling risk is self insuring (1 Word)
  7. 23. This method of marketing can only represent one insurance company (1 Word)
  8. 24. Insured must pay the premium for coverage and file a claim if a loss occurs (1 Word)
  9. 26. Policy written by the insurance company and is take it or leave it. Customer has no say. (1 Word)
  10. 28. Transfer of risk (1 Word)
  11. 32. Something that causes an increase in the chance of loss (1 Word)
  12. 34. Not equal value. Small premium for a large amount of coverage(1 Word)
  13. 36. Risks for which the insurance company would be liable
  14. 37. The acronym used for a legal contract (1 Word-Hint:acronym)
  15. 38. A promise or guaranty (1 Word)
  16. 41. An insurer publicly owned by stockholders/shareholders (2 Words)
  17. 43. These risks are calculable, affordable, non-catastrophic, homogeneous, accidental and measurable (1 Word- Hint:Acronym)
  18. 45. Retaining risk rather than transferring risk (2 Words)
  19. 49. Unauthorized;Insurance company not required to have a Certificate of Authority (2 Words)
  20. 50. Who is considered the 1st party of a contract (1 Word)
  21. 51. An insurance company incorporated in any country other than the USA (1 Word)
  22. 52. An insurance company located in any state or US territory other than the state where incorporated (1 Word)
  23. 54. Only ONE promise made (1 Word)
  24. 55. Voluntarily giving up a right
  25. 57. A report card of the company (3 Words)
  26. 58. The larger the group, the more accurate losses can be predicted (4 Words)
  27. 59. Liability insurance company created for and owned by policyholders from the same industry (3 Words)
  28. 60. Type of insurer where the members are subscribers (2 Words)
  29. 61. A group of businesses from the same industry joining together to buy liability insurance from an insurance company (3 Words)
Down
  1. 1. Insurance provided by individual underwriters, not companies (2 Words)
  2. 2. Type of insurer owned by the policyholder (2 Words)
  3. 3. What agent authority is written in the agents contract with the company (2 Words)
  4. 4. Giving something of value (1 Word)
  5. 5. The number one method of handling risk (1 Word)
  6. 7. This method of marketing is where no agent or producer is involved. Typically done by mail, television, etc. (2 Words)
  7. 8. An insurance company located in the state where the company is incorporated (1 Word)
  8. 10. Any insured age 18 and sane (2 Words)
  9. 12. Actions reasonably relied on by one party can't be denied by the party that accepted same previously (1 Word)
  10. 13. State license for an insurance company( 3 Words)
  11. 15. Handling a risk by sharing it amongst a group of people or business (1 Word)
  12. 16. An insurance company(the ceding company) paying another insurance company (1 Word)
  13. 18. The insurance agent acts on behalf of the principal(1 Word)
  14. 20. Who is considered the 2nd party of a contract (1 Word)
  15. 21. What agent authority is not written but are things agents normally do to sell insurance (2 Words)
  16. 22. This method of handling risk is not taking the risk at all (1 Word)
  17. 25. This method of marketing can represent more than one insurance company (1 Word)
  18. 27. Pay for the loss but with no gain (1 Word)
  19. 29. This method of handling risk is doing something to lower the risk to reduce chance of loss (1 Word)
  20. 30. Must be a member of the society to get the benefit with this insurer (2 Words)
  21. 31. Insurance sold by unauthorized/non-admitted insurers and can only be sold to certain high risk insureds ( 2 Words)
  22. 33. Risks that have a greater than average chance of loss (2 Words)
  23. 35. What agent authority is what an agent does that a reasonable person would assume as authority (2 Words)
  24. 39. This type of hazard is carelessness (1 Word)
  25. 40. An agreement between the insured and the insurer (1 Word)
  26. 42. Insurance from the state or federal government (2 Words)
  27. 44. This type of hazard can be seen (1 Word)
  28. 46. Chance of loss or gain and not insurable (2 Words)
  29. 47. Failure to disclose (1 Word)
  30. 48. This hazard is a belief that intentionally causing a loss is acceptable (1 Word)
  31. 53. A cause of loss (1 Word)
  32. 56. Intentional act to cheat one another (1 Word)