Glossary Boss

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Across
  1. 3. Actual losses determine the final premium
  2. 5. The ticket to transact the business of insurance
  3. 6. Take or Leave it, gray areas favor the insured
  4. 8. Outside of the US
  5. 10. A single dollar limit of BI & PD
  6. 13. Exchange something of value
  7. 14. Insurance applies separately to each insured
  8. 17. Contains the insureds personal information
Down
  1. 1. Authority written into the agents contract
  2. 2. Increases the likelihood of a loss
  3. 4. Statements made by the applicant
  4. 7. To give up a known right
  5. 9. Taking of property by threat
  6. 11. Replacement minus depreciation
  7. 12. Writing polices only for family and friends
  8. 15. Damage caused by defective products
  9. 16. A wrongful act