Insurance Crossword

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Across
  1. 3. an amendment to a policy agreement
  2. 6. situation where an insurer, on behalf of the insured, has a legal right to bring a liability suit against a third party who caused losses to the insured. Insurer maintains the right to seek reimbursement for losses incurred by insurer at the fault of a third party
  3. 8. a cost sharing mechanism in group insurance plans where the insured pays a specified dollar amount of incurred medical expenses and the insurer pays the remainder
  4. 9. A portion of the premium retained to pay future claims
  5. 10. circumstance which tends to increase the probability or severity of a loss
Down
  1. 1. the process by which an insurance company examines risk and determines whether the insurer will accept the risk or not, classifies those accepted and determines the appropriate rate for coverage provided.
  2. 2. Portion of the insured loss (in dollars) paid by the policy holder
  3. 4. an individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract
  4. 5. supplementary private health insurance products to Medicare insurance benefits
  5. 7. a refund of a portion of the premium paid by the insured from insurer surplus