Across
- 5. An agreement between an insurer and the insured in which both parties expect to pay a certain portion of the potential loss
- 6. An unfair trade practice in which an insurer uses physical or mental force to persuade an someone to buy insurance
- 8. The cause of a possible loss
- 9. Someone licensed to sell, or negotiate insurance on behalf of an Insurer
- 10. The person who receives the proceeds from the policy
- 12. A contract with the exchange of unequal amounts
- 13. A circumstance that increases the likelihood of a loss
- 15. Uncertainty as to the outcome of an event when 2 or more possibilities exist
- 16. An Insurer based in another state
Down
- 1. A group insurance plan that requires the employees to pay part of the premium
- 2. An agent/broker who handles insurer's funds in a trust capacity
- 3. A supplemental agreement attached to and made a part of the policy indicating the policy expansion by additional coverage
- 4. The portion of the loss that is to be paid by insured before any claim may be paid by the insurer
- 7. Withholding information which, if material, can void a contract
- 11. Intentional misrepresentation or deceit with the intent to induce a person to part with something of value
- 12. The principle that a policy is "take-it-or-leave-it"
- 14. A material stipulation in the policy that if breached may void coverage