insurance 9

2. In life insurance, the insurable interest requirement must be met only at the _ _ _ _ _ _ _ _ _ of the policy.
6. is intentional failure of the applicant for insurance to reveal a material fact to the insurer.
7. In _ _ _ _ _ _ _ _ _ _ _ cost insurance there is no deduction for physical depreciation in determining the amount paid for a loss.
13. Answers to the insurer questions are the _ _ _ _ _ _ _ _ _ _ _ _ _ _ _.
14. A higher degree of honesty is imposed on both parties to an insurance contract than is imposed on parties to other contracts is related to the principle of
15. _ _ _ _ _ _ policy laws A law that exists in some states that requires payment of the face amount of insurance to the insured if a total loss to real property occurs from a peril specified in the law
16. Insurable Interest prevents g _ _ _ _ _ _ _.
19. is a statement that becomes part of the insurance contract and is guaranteed by the maker to be true in all respects.
20. is representation that is false .
21. Subrogation helps to hold down insurance _ _ _ _ _.
22. means substitution of the insurer in place of the insured for the purpose of claiming indemnity from a third party for a loss covered by insurance is related to the principle of

1. Insurer agreeing to pay no more than the actual amount of the loss is related to principle of
3. Fundamental truth or proposition that serves as the foundation for a system of belief
4. Insurable Interest prevents m _ _ _ _ _ _ _ _ _ _.
5. The insurer cannot subrogate against its own _ _ _ _ _ _ _ _.
8. Subrogation does not apply to _ _ _ _ insurance contracts.
9. Principle of ?? States that the insured must be in a position to lose financially if a covered loss occurs.
10. _ _ _ _ insurance contract is not a contract of indemnity
11. Insurable Interest prevents g _ _ _ _ _ _ _.
12. _ _ _ _ _ _ cash value is the Basic method for indemnifying the insured is based on the actual cash value of the damaged property.
15. Policy that pays the face amount of insurance if a total loss occurs.
17. In property insurance, the insurable interest must exist at the time of the _ _ _ _.
18. Subrogation prevents the insured from collecting _ _ _ _ _ for the same loss