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en
CR
TAIB
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EXCLUSION : A provision in an insurance policy that eliminates coverage for certain risks, people, property classes, or locations.
EXPOSURE : Possibility of loss
INSOLVENCY : Insurer’s inability to pay debts.
INTERMEDIATION : The process of bringing savers, investors and borrowers together so that savers and investors can obtain a return on their money and borrowers can use the money to finance their purchases or projects through loans.
LAPSE : The termination of an insurance policy because a renewal premium is not paid by the end of the grace period.
MORAL HAZARD : The possibility that a person may act dishonestly in an insurance transaction.
OPTIONS : Contracts that allow, but do not oblige, the buying or selling of property or assets at a certain date at a set price
PENSIONS : Programs to provide employees with retirement income after they meet minimum age and service requirements. Life insurers hold some of these funds.
RESERVES : A company’s best estimate of what it will pay for claims.
Refusal : to issue insurance based solely on where applicants live is illegal in all states. Denial of insurance must be risk-based.
TAIB
Across:1. | Programs to provide employees with retirement income after they meet minimum age and service requirements. Life insurers hold some of these funds. | 4. | Possibility of loss | 5. | A company’s best estimate of what it will pay for claims. | 8. | to issue insurance based solely on where applicants live is illegal in all states. Denial of insurance must be risk-based. | 9. | Insurer’s inability to pay debts. | 10. | The termination of an insurance policy because a renewal premium is not paid by the end of the grace period. |
| | Down:2. | The process of bringing savers, investors and borrowers together so that savers and investors can obtain a return on their money and borrowers can use the money to finance their purchases or projects through loans. | 3. | Contracts that allow, but do not oblige, the buying or selling of property or assets at a certain date at a set price | 6. | A provision in an insurance policy that eliminates coverage for certain risks, people, property classes, or locations. | 7. | The possibility that a person may act dishonestly in an insurance transaction. |
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© 2013
PuzzleFast.com, Noncommercial Use Only
TAIB
Across:1. | Programs to provide employees with retirement income after they meet minimum age and service requirements. Life insurers hold some of these funds. | 4. | Possibility of loss | 5. | A company’s best estimate of what it will pay for claims. | 8. | to issue insurance based solely on where applicants live is illegal in all states. Denial of insurance must be risk-based. | 9. | Insurer’s inability to pay debts. | 10. | The termination of an insurance policy because a renewal premium is not paid by the end of the grace period. |
| | Down:2. | The process of bringing savers, investors and borrowers together so that savers and investors can obtain a return on their money and borrowers can use the money to finance their purchases or projects through loans. | 3. | Contracts that allow, but do not oblige, the buying or selling of property or assets at a certain date at a set price | 6. | A provision in an insurance policy that eliminates coverage for certain risks, people, property classes, or locations. | 7. | The possibility that a person may act dishonestly in an insurance transaction. |
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© 2013
PuzzleFast.com, Noncommercial Use Only