1:00
en
CR
Insurance Vocabulary
13
Insurance:A contractual relationship that exists when one party (the insurer) for a consideration (the premium) agrees to reimburse another party (the insured) for loss to a specified subject (the risk) caused by designated contingencies (hazards or perils).
Insurer:The insurance company that undertakes to indemnify for losses and perform other insurance-related operations.
Policyholder:A written contract of insurance between the insurer and the policyholder. It is typically composed of a declarations page, policy form, and endorsements or riders that amend the policy form.
Insurance Policy:the entire printed insurance contract
Insured:The person(s) protected under an insurance contract.
Peril:Cause of loss—for example, fire, windstorm, collision
Benefits:Compensation for loss and other services provided by insurers under terms of insurance contracts.
Risk:Uncertainty arising from the possible occurrence of given events
Premium:The amount of money an insurer charges to provide the coverage described in the policy or bond.
Claim:Used in reference to insurance, a claim may be a demand by an individual or corporation to recover, under a policy of insurance, for loss that may come within that policy.
Deductible:An amount the insurer will deduct from the loss before paying up to its policy limits
Face value:Generally used to mean the amount of insurance provided.
Benefietary
Insurance Vocabulary
Across:2. | The person(s) protected under an insurance contract. | 4. | Compensation for loss and other services provided by insurers under terms of insurance contracts. | 5. | Uncertainty arising from the possible occurrence of given events | 7. | The insurance company that undertakes to indemnify for losses and perform other insurance-related operations. | 11. | | 12. | Used in reference to insurance, a claim may be a demand by an individual or corporation to recover, under a policy of insurance, for loss that may come within that policy. |
| | Down:1. | Cause of loss—for example, fire, windstorm, collision | 2. | the entire printed insurance contract | 3. | A contractual relationship that exists when one party (the insurer) for a consideration (the premium) agrees to reimburse another party (the insured) for loss to a specified subject (the risk) caused by designated contingencies (hazards or perils). | 6. | An amount the insurer will deduct from the loss before paying up to its policy limits | 8. | Generally used to mean the amount of insurance provided. | 9. | A written contract of insurance between the insurer and the policyholder. It is typically composed of a declarations page, policy form, and endorsements or riders that amend the policy form. | 10. | The amount of money an insurer charges to provide the coverage described in the policy or bond. |
| |
© 2015
PuzzleFast.com, Noncommercial Use Only
Insurance Vocabulary
Across:2. | The person(s) protected under an insurance contract. | 4. | Compensation for loss and other services provided by insurers under terms of insurance contracts. | 5. | Uncertainty arising from the possible occurrence of given events | 7. | The insurance company that undertakes to indemnify for losses and perform other insurance-related operations. | 11. | | 12. | Used in reference to insurance, a claim may be a demand by an individual or corporation to recover, under a policy of insurance, for loss that may come within that policy. |
| | Down:1. | Cause of loss—for example, fire, windstorm, collision | 2. | the entire printed insurance contract | 3. | A contractual relationship that exists when one party (the insurer) for a consideration (the premium) agrees to reimburse another party (the insured) for loss to a specified subject (the risk) caused by designated contingencies (hazards or perils). | 6. | An amount the insurer will deduct from the loss before paying up to its policy limits | 8. | Generally used to mean the amount of insurance provided. | 9. | A written contract of insurance between the insurer and the policyholder. It is typically composed of a declarations page, policy form, and endorsements or riders that amend the policy form. | 10. | The amount of money an insurer charges to provide the coverage described in the policy or bond. |
| |
© 2015
PuzzleFast.com, Noncommercial Use Only