Across
- 2. The chance of a loss
- 6. A legal principle calling for the highest standards of integrity on the part of the insured and the insurer
- 7. A licensed independent person or firm who acts on behalf of an insured in placing business with insurance companies
- 9. fact A fact that would affect a contract of insurance enough to influence an insurer's decision regarding whether to accept or reject the risk or the premium to be set
- 11. To provide compensation for loss or expenses incurred
- 13. A contract in which one party, the insurer, for monetary consideration agrees to reimburse another, the insured, for a loss or liability for a loss on a defined subject caused by specified hazards or perils
Down
- 1. The price of insurance protection for a specified risk for a specified period of time
- 3. The individual within an insurance company whose responsibility it is to accept or reject business
- 4. unlawful removal of property from premises involving visible forced entry
- 5. A risk or probability that the event insured against might occur
- 8. Failure to use the degree of care expected from a reasonable and prudent person
- 10. One who investigates insurance claims, makes recommendations regarding the payment of benefits from insurance policies, and negotiates payments and settlements
- 12. The event that caused a loss covered by the policy