INSURANCE TERMINOLOGIES

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Across
  1. 2. Form of insurance that insurance companies buy for their own protection, “a sharing of insurance.”
  2. 3. Relationship of incurred losses plus loss adjustment expense to earned premiums.
  3. 4. A specified length of time within which a premium that is due may be paid without penalty.
  4. 5. - The limit of insurance or the amount of benefit that will be paid in the event of the death of a covered person.
Down
  1. 1. Coverage for losses above the limit of an underlying policy such as homeowners and auto insurance.
  2. 5. Amount of loss that the insured pays before the insurance kicks in.
  3. 6. Insurance salesperson that searches the marketplace in the interest of clients, not insurance companies.