Introduction to Risk Management

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Across
  1. 4. Sums of money to be paid for specific types of losses under ther terms of an insurance policy
  2. 7. The insurance company who provides insurance coverage for a policyholder
  3. 10. Specified losses that the insurance policy does not cover
  4. 12. The amount of money payable to a policyholder upon discontinuation of a life insurance policy
  5. 15. The additional time after the premium due date that the insurer allows the policyholder to make the payment without penalty (usullay 30 days)
  6. 16. The specified amount of a loss that the policyholder pays before the insurer is obligated to pay anything; the insurance company pays only the amount in excess
  7. 17. The amount stated in a life insurance policy to be paid upon death
  8. 19. A policyholder's request for reimbursement for a loss under the trems of an insurance policy
Down
  1. 1. A person named on an insurance policy to receive the benefits from the policy
  2. 2. A professional insurance salesperson who acts for the insurer in negotiating, servicing, or writing an insurance policy
  3. 3. An event whose occurrence can cause a loss
  4. 5. The person or company protected against loss
  5. 6. The written verification of the amount of a loss that must be provided by the insured to the insurer before a claim can be settled
  6. 8. An unexpected reduction in value of the insured's property caused by a covered peril
  7. 9. The portion of a paid premium that the insurer has not yet earned because the policy term has not ended
  8. 11. The mathematics of chance, or statistical likelihood that something will happen
  9. 13. Protection provided by the terms of an insurance policy
  10. 14. A condition that creates or increases the likelihood of some loss; for example, defective house wiring can increase the likelihood of a fire
  11. 18. A specialist in insurance calculations and statistics