Insured is the Word

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Across
  1. 2. hospital inpatient care for any medical condition.
  2. 4. An insurance solicitor, licensed by the state, who places business with a variety of insurance companies and who represents the buyers of insurance rather than the companies even though he or she is paid commissions by the companies.
  3. 6. An alteration to a policy. Can either be attached to the policy or written on a page of the policy itself.
  4. 7. Ratio, A ScoreCard term for the number of policies lapsing divided by the number of policies in force at the beginning of the year. It is expressed as a percentage.
  5. 9. Annualized Premium, The amount of premium payable in a year for the base policy, less any option benefits or riders.
  6. 11. Indicates the relationship of trust and confidence where one person (the fiduciary) holds or controls property for the benefit of another person.
  7. 13. period of time for which policy is in effect.
  8. 14. A demand to the insurer by the insured person or beneficiary for the payment of benefits under a policy.
  9. 15. Record, A unique record created in the system for each policy and riders for a customer.
  10. 17. Deduction, Amount the firm withholds from the Customer's paycheck for premiums.
  11. 20. Reimbursement Arrangement (HRA), An employer-funded, tax-free reimbursement account that can be used to reimburse employees’ eligible out of pocket medical expenses.
  12. 23. The company employee who decides whether or not the company should assume a particular risk.
  13. 26. of Insurability, Any statement or proof of a person's physical condition and or other factual information affecting his acceptability for insurance.
  14. 27. Any systematic investigation of procedures or operations for the purpose of determining conformity with prescribed criteria.
  15. 28. an amendment to a policy agreement.
Down
  1. 1. A formal document changing the provisions of the group contract and signed jointly by authorized representatives of the insurer and the policyholder.
  2. 2. A sudden, unexpected occurrence, traceable within reasonable limits to definite time, place and cause.
  3. 3. Period, A specified period after a premium payment is due, in which the policyholder may make such payment and during which the protection of the policy continues.
  4. 5. The part of an insurance premium paid by the insurer to a broker for his services in procuring and servicing the business.
  5. 8. The person to whom the proceeds of a policy are payable at the death of the insured.
  6. 10. A list of coverages or amounts concerning things or persons insured.
  7. 12. A physical or mental condition which makes an insured person incapable of performing one or more duties of their normal occupation.
  8. 16. All conditions pertaining to an individual which affect his health, susceptibility to injury as well as his expectancy of life.
  9. 18. A sum set aside by an insurance company to assure the fulfillment of commitments for future claims.
  10. 19. Amount, the value of a policy to be provided upon maturity date or death.
  11. 21. termination of a policy due to failure to pay the required renewal premium.
  12. 22. A legal entity that is created when a person or organization transfers assets to a trustee for the benefit of designated persons.
  13. 24. A contract that provides an income for a specified period of time such as a number of years or for life. Often used synonymously with pension.
  14. 25. Period, The length of time a benefit is payable.