Insurance Terminology

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Across
  1. 4. A temporary agreement to provide insurance coverage until a formal written policy is issued
  2. 5. the chance of loss from an event that cannot be entirely controlled
  3. 6. A request made by the insured for insurer remittance of payment due to loss incurred and covered on the policy
  4. 7. An individual who is licensed to sell, negotiate, or effect inssurance contracts on behalf of an insurer
  5. 8. Protection against Possible financial loss
  6. 9. Portion of the insured loss (in dollars) paid by the policy holder
  7. 11. A change, amendment, or rider to a policy adjusting the coverages and taking precedence over the original agreement
  8. 12. Termination of a policy because the premium has not been paid by the end of the grace period resulitng in a lapse of coverage
  9. 13. Homeowners insurance sold to condominium owners occupying the described property known as HO6
  10. 14. Period for which policy is in effect
  11. 16. An individual who receives commissions from the sales and services of insurance policies
  12. 17. Policy statement identifying critical policy information
Down
  1. 1. Money charged for the insurance coverage reflecting expectation of loss
  2. 2. Requirements needed to bind, issue, or endorse a policy
  3. 3. A lender who receives a pledge of property to secure a hole
  4. 10. A person whose interestes are protected by an insurance policy
  5. 11. Risk of possible loss
  6. 15. A written contract ratifying the legality of an insurance agreement