MileHigh Vocab

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Across
  1. 2. Texas Standard Fire Policy
  2. 4. Commercial Property Policy
  3. 5. the result of an insured’s tort or wrongdoing. Consequences of a loss or amount and type of losses suffered.
  4. 7. a type of insurance associated with the risks or perils of transportation.
  5. 11. granting of the privileges and licensing in a state based on having a license in another state that is deemed equivalent by the granting state.
  6. 14. civil wrong based on common law.
  7. 17. legislative acts or laws.
  8. 18. Commercial Ocean Marine
  9. 19. uncertainty of a loss.
  10. 21. an individual hired by the insured to settle a claim with the insurance company on behalf of the insured.
  11. 22. a condition that enhances the chance of a loss.
  12. 25. amount of loss paid by the policyholder.
  13. 26. the party buying the protection of the contract and using it to transfer the risk (insured).
  14. 27. Commercial Inland Marine
  15. 28. any request or demand for payment under the terms of the insurance contract.
  16. 29. a beneficiary of a contract only as a result of the First Party’s negligence and liability.
  17. 32. a loss covered by a specific named peril.
  18. 35. the result of a waiver, or of the conduct from which a waiver can be implied.
  19. 36. damaged property an insurer takes over to reduce their loss after paying a claim.
  20. 37. Proof of Loss
  21. 39. a written agreement attached to the policy expanding or limiting the benefits otherwise payable under the policy.
  22. 42. Continuing Education
  23. 43. a person who voluntarily gives up possession of the property.
  24. 46. Texas Insurance Code
  25. 47. a state officer who administers the state’s insurance laws and regulations.
Down
  1. 1. Texas Personal Auto Policy
  2. 3. the insurance company to which the risk is transferred to by the contract.
  3. 6. Additional Living Expense
  4. 8. the cost associated with replacing property at current market value. Actual cash value plus depreciation equals replacement cost.
  5. 9. amount of loss paid by the policyholder.
  6. 10. Non-Recoverable Depreciation
  7. 12. Recoverable Depreciation
  8. 13. personal property that is not part of the dwelling or structure.
  9. 15. Replacement Cost
  10. 16. the entity that is the “recipient” to the Principal.
  11. 20. guarantee that contractual obligations will be fulfilled.
  12. 21. an individual or organization offering continuing education courses for licenses and/or pre---licensing instruction for adjusters.
  13. 23. the process of involving a third party appraiser, or umpire, to govern a dispute of a claim settlement amount.
  14. 24. Personal Injury Protection
  15. 30. someone who intrudes on the privacy or property of another without permission.
  16. 31. Insurance Service Office
  17. 33. specific protection for an insured under an insurance policy.
  18. 34. Commercial General Liability
  19. 38. the process by which an insurance company, after paying a loss, seeks to recover the amount of the loss from the party responsible or liable for the damages.
  20. 39. a loss or risk that the policy does not cover.
  21. 40. Deceptive Trade Practices Act
  22. 41. Texas Department of Insurance
  23. 44. an individual who investigates or adjusts losses on behalf of either an insurer or self---insured, or any person who supervises the handling of claims.
  24. 45. Actual Cash Value
  25. 48. Special Investigation Unit