Across
- 5. The person or organization designated in the policy as the insured
- 7. To scrutinize a risk and decide whether or not the risk meets company guidelines
- 8. Agent who represents many insurance companies, rather than a single company
- 10. Beginning of an insuring agreement submitted on an application or uploaded to our system by an agent or broker
Down
- 1. Method used to determine an insurance company’s success in covering current losses out of current premium income: determined by dividing incurred losses (IL) by earned premium (EP)
- 2. A demand by an individual or corporation for payment of loss covered by the policy
- 3. A person who represents the company and sells insurance on a commission basis
- 4. Term commonly applied to an agent, solicitor, broker or other person who sells insurance, producing business for the company and is paid a commission by the company
- 6. To restore a party who has had a loss to the same financial position that would have existed had no loss occurred
- 9. A notification that coverage will not continue after the expiration date