Across
- 5. type of hazard involved in risky behavior
- 6. statement not guaranteed to be true but believed to be true to best knowledge
- 8. restore to status quo before incident occured (reimbursement for loss)
- 11. intentional info given for purpose of insurance scam
- 12. insurance producer representing applicant
- 14. gives rise to peril( certain chance of loss) 3 types
- 17. contract between insured and insurer
- 19. legal representative of ins company
- 20. person applying for insurance
- 21. type of hazard involved with knowing insurance will cover you
Down
- 1. money insured pays to ins company
- 2. intentional withholding of info by applicant may void policy
- 3. type of risk based on gain and not insurable
- 4. absolutely true statement made by applicant
- 7. company issues insurance policy
- 8. person the policy is for
- 9. applicant says something that is not true that can void contract
- 10. person with right to exercise policy powers
- 13. type of hazard that is caused by environment example tornadoes
- 15. uncertainty regarding financial loss
- 16. type of loss based on chance is insurable
- 18. mutual exchange of rights and privileges