Insurance terminology

4. This Act is administered by APRA.
5. An amount of money payable by the consumer to the insurer in return for the promise of payment by the insurer if the events covered by the insurance policy occur.
7. A lack of water in the body tissues. (refer to the word roots list)
8. Abbreviation: PMA
11. Abbreviation: APPs
13. The removal of a small piece of living tissue from an organ or other part of the body for microscopic examination or inspection, to confirm or establish a diagnosis, estimate prognosis, or follow the course of a disease. (refer to the word roots list)
14. The insurer reimburses the customer for an invoice they have settled where the insurer has authorised the supply.
15. Abbreviation: CCI
16. The right of one person to stand in the place of another and take advantage of all the rights and remedies of that other person.
17. A party is prevented from going back on its promise where it has been relied upon
18. The process by which an insurer determines whether or not to accept a risk and, if accepted, the terms and conditions to be applied and the level of premium to be charged.

1. The active cause that sets in motion a train of events that brings about a result without any break in the chain of causation.
2. Special, short-term or interim insurance contract taken out to provide insurance cover while a formal application for insurance by the consumer is assessed by the insurer.
3. The requirement that every policy be negotiated honestly and fairly by the insurer and the insured in ways that protect and further the interests of the other party.
5. Abbreviation: PDS
6. Abbreviation: TBI
9. The inflammation of a cell. (refer to the word roots list)
10. This rule means that where the term of a policy (especially an exclusion clause) is ambiguous, it should be interpreted against the party that drafted it. (Latin)
12. An independent person or business entity who is appointed to investigate claims for insurers.
15. Pertaining to the centre of the brain. (refer to the word roots list)