Across
- 4. Conditions that increase the chances of a loss occurring are known as ___.
- 6. This type of risk is uninsurable
- 9. HO3 is also known as a ___ form.
- 12. A person who lives with someone else for an agreed upon price, usually for a considerable amount of time
- 13. Failure to act as a reasonable and prudent person would under given circumstances
- 15. Insurers who have not been approved to do business in the state are ___.
- 16. Insurers authorized to do business in the state, but are domiciled in another state are ___ insurers.
- 19. A temporary insurance contract that goes into effect prior to the policy issue, and expires when the policy kicks in
- 22. The ability to meet financial responsibility is known as ___.
- 24. This is made when the insurance application is submitted.
- 25. Someone would show this hazard if they left the stove on while taking their dog out, causing their house to go up in flames.
- 28. This type of loss is the actual damage to the property itself
- 33. In this policy, coverage can be greater or less than the underlying policy
- 36. Person granting a lease of a motor vehicle
- 38. Examples of these compensatory damages include pain and suffering, impairment, and anguish.
- 39. This liability applies to unsafe manufactured products
- 41. An insurer's right to seek damages from a third party after paying out a loss is know as ___.
- 43. This hazard describes someone who intentionally lies, cheats, steals, etc.
- 44. To restore an insured to the same financial status before a loss
- 45. Mutual exchange of rights and privileges
- 47. This is what both parties in a contract "bring to the table"
- 51. This type of loss would include loss of income and other temporary living expenses after a house fire
Down
- 1. The reduction in value, particularly due to wear and tear
- 2. This limit is the maximum limit of coverage available during a policy year.
- 3. A tornado that destroys a property would be considered a ___.
- 5. Insurance is a contract that protects the insured from what?
- 7. Insurers authorized to do business in the state, but are domiciled in another country are known as ___.
- 8. Sudden, unplanned, and unexpected events resulting in injury or damage
- 10. Contract where unequal values are exchanged
- 11. This modifies the original contract policy's terms
- 14. These damages are awarded for extreme behavior, gross negligence, or willful intent
- 17. Certificate of ___ is a statement of coverage verifying there is a policy in place
- 18. When an insured and an insurer disagree on the value of a property loss, either can make a written demand for this.
- 20. This would cover an insured in the case of their car flipping over due to black ice.
- 21. A wrongful act or the violation of someone's rights that leads to legal liability
- 23. This happens when the underwriter approves a prepaid application
- 26. Contract that is prepared by one party and either accepted or rejected by the other as is
- 27. Examples of these compensatory damages include medical expenses and loss of income; have specific monetary value
- 29. This policy mirrors the underlying policy and increases the limits of liability
- 30. This type of risk only presents outcomes of loss or no change
- 31. No people, no items
- 32. This type of policy insures all property at multiple locations for a single amount.
- 34. A Certificate of ___ authorizes insurance to transact business in a certain state.
- 35. When an insured and an insurer disagree on a claim, either can make a written demand for this.
- 37. One-sided contract where one party makes a contractual obligation
- 40. This is the head of the State Department of Insurance.
- 42. DP-1 is also known as a ___ form.
- 46. No people, but property is inside
- 48. Part A of a Personal Auto Policy (PAP)
- 49. HO2 is also known as a __ form.
- 50. Forced entry into another's premises with felonious intent is known as what?