Insurance

3. The person or entity that owns an insurance policy.
4. An individual responsible for evaluating and settling insurance claims.
6. A condition that increases the likelihood of loss or damage.
7. A contract between the insurance company and the policyholder outlining the terms of coverage.
11. The termination of an insurance policy by either the policyholder or the insurance company.
12. A change or addition to an insurance policy.
13. The amount paid to the insurance company for coverage under a policy.
18. The intentional deception or misrepresentation of information in order to receive a benefit or payment from an insurance company.
19. The amount of protection provided by an insurance policy.
21. Legal action taken to resolve a dispute or claim.
22. A representative of an insurance company who sells and services insurance policies.
24. A professional who uses mathematical and statistical methods to evaluate and manage risk.
25. The process of extending an insurance policy beyond its initial term.
26. Insurance purchased by an insurance company to protect itself against large claims.
27. The likelihood of a loss or harm occurring.

1. The cause of a potential loss or damage.
2. An independent agent who represents multiple insurance companies.
5. The process in which an insurance company takes over the policyholder's rights to collect damages from a third party.
8. A request for payment or benefit made by the policyholder to the insurance company.
9. To compensate for loss or damage.
10. Having less insurance coverage than is needed to fully protect against loss or damage.
14. The amount that the policyholder must pay out-of-pocket before the insurance coverage begins.
15. Additional liability coverage that provides protection above and beyond the limits of other policies.
16. The payment or service provided by the insurance company under a policy.
17. Legal responsibility for damages or losses.
20. The process of evaluating and accepting or rejecting insurance applications.
23. A financial contract that provides regular payments to an individual in exchange for a lump sum payment or series of payments.