Across
- 1. Having a financial stake/interest in property
- 3. A large grouping of homogenous units with the same perils
- 6. Termination of coverage during the policy period
- 9. Temporary Coverage
- 12. The insurance company keeps the premium earned during the policy period
- 14. Provides insurance advice for a fee
- 16. To make whole and not profit
- 17. Ex: Finding out a customer has vinyl countertops when they said they have granite
- 19. Where duties and obligations of the Named Insured and Insurer are listed
- 20. Transfer of risk
- 21. Setting your house on fire and then filing a claim
- 23. Not listed on insurance binder
- 24. Identifies the perils covered
- 26. Ex: Toys on a staircase
Down
- 2. A policy addition that is not included in the standard parts of the policy
- 4. Ex: Leaving your car running while you go into the gas station
- 5. Acronym for a resident agent/producer requirements
- 7. Courses needed to maintain status of your insurance licensed
- 8. The Named Insured keeps the unearned premium minus a penalty
- 10. Not covered under the policy
- 11. Has the authority to examine and investigate any person or business licensed in VA
- 13. Used when there is a dispute about the value of something
- 15. Only one party makes a promise
- 18. Both parties perform certain duties
- 22. An individual that is licensed to act as an insurance agent in VA
- 25. Ex: Fraud or Arson