insurance vocabulary

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Across
  1. 1. coverage: provides an insured party with financial protection against claims resulting from injuries and damage to others
  2. 5. relating individually to each of two or more persons or things.
  3. 7. the amount of risk or liability that is covered for an individual or entity by way of insurance services
  4. 9. a third party with an interest in an asset who will be paid first in the event of loss
  5. 11. to put up with; stand
  6. 13. Passenger Auto: a four-wheeled motor vehicle owned or with a written lease of six months or longer
  7. 16. interest: an accumulation of interest that accrues on a judgment in a suit defended by the insurance company AFTER the judgment has been entered and BEFORE the insurance company offers to pay
  8. 18. ordered; required; obligatory.
  9. 19. touchable property
  10. 20. a relationship in which one party holds property for the benefit of another party
Down
  1. 2. the individual who manages a trust
  2. 3. a person or group in whose name an insurance policy is held
  3. 4. the party that receives a trust’s assets when the trustor dies; one who receives or is formally designated to receive money or property, as from a will or insurance policy
  4. 6. to grow or accumulate over time, especially as something of benefit
  5. 8. coverage: provides an insured party with financial protection against claims resulting from injuries and damage to others
  6. 10. to become liable for or bring upon oneself (usually some unwanted or harmful consequence)
  7. 12. good faith”: the principle that legally obliges all parties of a contract to act honestly and not mislead or withhold critical information from one another
  8. 14. a legal claim on a piece of property when the current owner is in default on a debt or obligation.
  9. 15. an act or instance of breaking or violating, usually a rule or law; violation or breach
  10. 17. any belief, opinion, doctrine, or the like, that a person or especially an organization holds as being true