Across
- 3. Date The date on which the policy ends.
- 4. When services, usually in healthcare, are paid by both the individual and the insurance company. Most notebly doctor visits and prescription drugs.
- 5. A licensed person or organization authorized to sell insurance by or on behalf of an insurance company.
- 7. Provider A provider who has a contract with your health insurer or plan who has agreed to provide services to members of a plan. You’ll pay less if you see a provider in the network. Also called “preferred provider” or “participating provider.”
- 8. An estimate of the cost of insurance, based on information supplied to the insurance company by the applicant.
- 10. Damage Damage to another person's property. The purpose of liability insurance is to cover property damage to a third party resulting from the negligent or intentional acts of an insured.
- 12. Usually known as an endorsement, a rider is an amendment to the policy used to add or delete coverage.
- 13. Driver Discount To be eligible for the Good Drivers Discount all operators of the insured vehicles must have been licensed for three or more year, have no more than a one (1) point charge on their driving record and has not been determined "at fault" in an accident resulting in bodily injury or death to any person.
- 14. (Auto) Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property as a result of an auto accident.
- 17. The written contract of insurance.
- 18. Period A specified period immediately following the premium due date during which a payment can be made to continue a policy in force without interruption. This applies only to Life and Health policies. Check your policy to be sure that a grace period is offered and how many days, if any, are allowed.
- 20. The amount of the loss which the insured is responsible to pay before benefits from the insurance company are payable. You may choose a higher deductible to lower your premium.
- 23. Insurance Health insurance that provides income payments to the insured wage earner when income is interrupted or terminated because of illness, sickness, or accident.
Down
- 1. The restoring of a lapsed policy to full force and effect. The reinstatement may be effective after the cancellation date, creating a lapse of coverage. Some companies require evidence of insurability and payment of past due premiums plus interest.
- 2. Insurance An elective combination of coverages for the risks of owning a home. Can include losses due to fire, burglary, vandalism, earthquake, and other perils.
- 6. The process of selecting applicants for insurance and classifying them according to their degrees of insurability so that the appropriate premium rates may be charged. The process includes rejection of unacceptable risks.
- 9. Limit The most you could pay during a coverage period (usually one year) for your share of the costs of covered services. After you meet this limit the plan will usually pay 100% of the allowed amount. This limit helps you plan for health care costs. This limit never includes your premium, balance billed charges or health care your plan doesn’t cover. Some plans don’t count all of your copayments, deductibles, coinsurance payments, out-of-network payments, or other expenses toward this limit.
- 11. Insurance A policy that will pay specifies sums for medical expenses or treatments. Health policies can offer many options and vary in their approaches to coverage.
- 15. A licensed person or organization paid by you to look for insurance on your behalf.
- 16. Insurance A policy that will pay a specified sum to beneficiaries upon the death of the insured.
- 19. The amount of money an insurance company charges for insurance coverage.
- 21. Notice to an insurer that under the terms of a policy, a loss maybe covered.
- 22. Maximum amount a policy will pay either overall or under a particular coverage.