Across
- 1. Fixed amount paid for a covered health service.
- 3. An unexpected event that results in injury or damage
- 4. Intentional deception to obtain insurance benefits unlawfully.
- 6. Legally binding agreement; an insurance policy is one.
- 10. Party to whom a policy owner transfers certain policy rights.
- 11. Agent who represents only one insurance company.
- 14. Extra time after the due date to pay without losing coverage.
- 18. Cause of loss insured against (e.g., fire, wind).
- 20. Eligible for coverage because the risk can be accepted and priced.
- 22. Protection provided by the policy for specified losses.
- 23. Risk increase due to dishonesty or reckless behavior.
- 26. Licensed representative who sells insurance for a company.
- 27. Temporary proof of coverage before the policy is issued.
- 28. An event that triggers coverage under an occurrence-based policy.
- 29. Person or entity covered by the policy.
- 31. Intermediary who shops coverage from multiple insurers for a client.
- 32. Coverage for movable items, often scheduled
- 33. Optional add-on that modifies or adds coverage to a policy.
- 35. Specific loss or condition that a policy does not cover.
- 38. Auto coverage that pays for damage from hitting another object/vehicle.
- 39. Professional who uses statistics to price risk and set premiums
- 40. Amount the insured pays before the insurer begins to pay.
- 42. Person or entity designated to receive policy proceeds.
- 44. Condition that increases the chance or severity of a loss.
- 45. Maximum amount an insurer will pay for a covered loss.
- 46. Compensation paid to an agent or broker for selling a policy.
- 47. Amendment that changes a policy’s terms or coverage.
Down
- 1. Cost-sharing percentage the insured pays after the deductible.
- 2. Costs the insured pays that are not reimbursed by insurance.
- 3. Contract that provides a stream of payments, often for retirement.
- 5. Insurance purchased by an insurer to spread risk.
- 7. Another term for an insurance company that underwrites coverage.
- 8. Process of evaluating risk and deciding coverage and price.
- 9. Decrease in value over time; affects actual cash value claims.
- 12. Form used to request insurance and provide underwriting information.
- 13. Company that provides coverage and pays covered losses.
- 15. The written insurance contract.
- 16. Request for payment under the terms of an insurance policy.
- 17. Insurer’s right to recover from a third party after paying a claim.
- 19. Premium method based on an insured’s prior loss history.
- 21. Termination of coverage due to nonpayment of premium.
- 22. Auto coverage for non-collision losses like theft or hail.
- 24. Legal responsibility for injury or damage to others.
- 25. Failure to use reasonable care, leading to harm.
- 30. Amount paid to keep insurance coverage in force.
- 34. Person who investigates claims and determines payment amounts
- 36. Principle of restoring the insured to the financial position before loss.
- 37. Policy provisions that describe duties and rules for coverage.
- 41. Damage, injury, or financial harm that may be covered by insurance.
- 43. Submission of required information or documents (e.g., premium reports).