Insurance

4. A representative of the insurer who seeks to determine the extent of the insurer's liability for loss when a claim is submitted
5. The individual trained in evaluating risks and determining rates and coverages for them. Also, an insurer
8. The chance of loss, or the person or entity that is insured
10. Fee paid to an agent or insurance salesperson as a percentage of the policy premium
11. The malicious and often random destruction or spoilage of another person’s property
13. A reduction in the quality or value of a property, or a legal liability
14. Property that is offered to secure a loan or other credit, which becomes subject to seizure on default. Also called security
17. Liability or loss resulting from an accident
18. A legal term denoting a wrongful act resulting in injury or damage, on which a civil court action or legal proceeding may be based
19. A demand made by the insured, or the insured's beneficiary, for payment of the benefits as provided by the policy

1. The size of a loss. One of the criteria used in calculating premium rates
2. The number of times a loss occurs. One of the criteria used in calculating premium rates
3. Temporary authorization of coverage issued prior to the actual insurance policy
6. Amount of loss that the insured pays before the insurance kicks in
7. A survey to determine a property’s insurable value, or the amount of a loss
9. The amount by which assets exceed liabilities
12. The written contract effecting insurance, or the certificate thereof, by whatever name called, and including all clause, riders, Endorsements, and papers attached thereto and made a part thereof
15. A licensed person or organization authorized to sell insurance by or on behalf of an insurance company
16. The automatic re-establishment of in-force status effected by the payment of another premium