Across
- 4. A demand by a person or business seeking to recover from an insurance company for a loss that might be covered by an insurance policy.
- 6. The legal process an insurance company uses after paying a claim to recover the amount of a portion of the amount paid out on the loss from another party legally liable for it.
- 9. An independent business owner or firm that represents customers rather than insurers. They shop among insurance companies to find the best coverage or value for their clients.
- 10. This is the amount you pay to the insurance company to buy a policy.
Down
- 1. The cause of a possible loss.
- 2. The insurance measurement of the size of a loss and may be used to calculate premium rates.
- 3. Liability or loss resulting from an accident.
- 5. A specialist in the mathematics of insurance who calculates rates, reserves, dividends and other statistics. (Americanism: In most other countries the individual is known as "mathematician.")
- 7. Offering anything of value, other than the insurance itself, to an applicant as an inducement to buy or maintain insurance.
- 8. A private wrong, independent of contract and committed against an individual, which gives rise to a legal liability and is adjudicated in a civil court. It can be either intentional or unintentional, and liability insurance is mainly purchased to cover unintentional ones.