Across
- 3. James has a DP-2 policy and there is a power surge that causes damage to his TV. In this case, the power surge is considered what?
- 5. Alaina has several apartment complexes that each have their own policies. This is known as what kind of insurance?
- 8. Tim is an insurance agent in Florida and is getting a non-resident license for the state of GA. Because he holds a license in Florida, he does not have to retake his pre-licensing courses or sit for the state test in Georgia. This is because of what principle?
- 11. Mark is part of a crew that helps to rescue ships. He and his crew members are entitled to sell the damaged ships and cargo that they rescue. What is the term for the funds that they receive due to these sales?
- 13. April pays a certain amount each month to keep her insurance policy active. What is this amount called?
- 16. Bobby accepts premium payments when selling and negotiating policies. He then ensures that the funds are correctly sent to the insurer. What type of responsibility does Bobby hold?
- 17. Victoria has a home in "Tornado Alley" and there is a high risk of her home being hit by tornado. Due to this she cannot get insurance through normal insurers. What type of plan would best suit her?
- 19. While selling insurance policies, Juan is accused of telling people that the benefits in his policies are much better than other policies. What unfair trade practice might Juan be guilty of if this information is false?
- 20. In order to stay competitive, Angelica's insurance company broadened her coverage to include more perils. This is an example of what principle?
- 21. Suzanne has a home and fails to make payments to the bank that loaned her the money to buy the home. As a result, what may the bank place on her home?
- 22. Becky's policy expires and the insurance decides not to renew. This is an example of what?
- 23. Samantha takes applications and looks over the information, determines the risks, and ultimately decides what applications should be approved. This process is known as what?
- 24. Thomas is injured in an accident caused by another driver. His insurance company pays for the care of his injuries as well as the damage to his vehicle. After, they reach out to the other driver's insurance company to regain the amount paid. This is known as what?
- 26. Tony sells insurance in Texas but he and the insurance company he works for is based in Virginia. What kind of insurer is this an example of?
- 27. Any action, or inaction, that leads to legal liability is known as what?
- 28. Amber has an auto policy that has separate limits depending on the type of damage that occurs. This is known as what kind of limit?
- 29. Greg's homeowner's insurance application asks certain questions such as: "Age?", "Gender?", and his address. His responses to these specific types of questions would be considered what?
- 31. Irma has someone break in and threaten her while taking her valuables. Ethan had someone break into his car and take his sound system. Both Irma and Ethan were the victims of what?
- 32. Diane has a dog that digs holes in her front yard. She fails to fill in the holes and a neighbor falls and breaks his leg. Diane is guilty of what?
- 33. Durham and Sons insurance company is not doing well financially and in order to stay solvent has decided to partner with another insurance company to take over some of the risks that they are currently covering. This is known as what?
- 35. Brandi has a car accident and her car is totaled. The insurance company assesses the damage and sends a check for the amount of the car. What principle is this an example of?
Down
- 1. Stephanie works for one insurance company and receives commission for each policy she sells. What kind of agent is Stephanie considered?
- 2. Ronald has coverage on his boat as well as excess coverage to help with any liability issues that may arise. If there is a loss, which policy will pay first?
- 4. When Alice is selling policies, she offers tickets to an upcoming concert in order to entice people to sign up. This is considered what kind of unfair trade practice?
- 6. Several businesses in a strip mall band together to cover a loss caused by a fire. This is known as what kind of risk management?
- 7. Hannah's auto insurance allows her to decline certain coverages. If she does so, this is known as a what?
- 8. Annie fills out her application for insurance and submits it to the underwriter. The responses that Annie submits in writing are considered what?
- 9. Elliot was injured after he slipped and fell on his neighbor's sidewalk that had not been shoveled. His neighbor's insurance looked at the claim and paid him for the medical bills needed to help him. This process is known as what?
- 10. Holden has put up smoke alarms as well as a security alarm to help decrease the amount of damage a peril might cause. This is an example of what kind of risk management?
- 12. Mimi works for an insurance company and her contract states she is allowed to negotiate insurance contracts. This is an example of what kind of authority?
- 14. Robyn pays her premiums each month and her insurance policy promises to pay for losses. If Robyn does not pay premiums, her policy will be cancelled, but if the insurer fails to pay for losses, they will be held legally liable. This large difference in the consequences of each party's actions makes this what kind of contract?
- 15. Dwelling policies only cover property and are called what kind of policies?
- 18. Joe's car was damaged due to a hit and run accident and as a result he has to rent a car until his car is repaired. What type of loss would the car rental be considered?
- 25. When signing up for an auto insurance policy, Tanya is asked if she has any accidents in her prior driving history. She lists all that she remembers and mistakenly leaves one of them off. This is an example of what?
- 30. Bruce has a break in at his home and the person who breaks in threatens him with a gun while stealing his valuables. This is an example of what?
- 34. Ian's contract does not state that he has to take payments when selling insurance, but in order for the application to go through the proper channels, it is a necessity. This is an example of what kind of authority?