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AINS21 - Chapter 1-9 -- recap

Across
A person or organization that has committed a tort
Ability of an insurer to meet it financial obligation as they become due, even those resulting from insured losses that may be claimed several years in the future.
______ _______ covers losses resulting from the insured's liability to others
Amount the insurer estimates and sets aside to pay on an existing claim that has not been settled.
PROVISION IN AN INSURANCE POLC THAT QUALIFIES AN OTHERWISE ENFORCEABLE PROMISE OF THE INSURER
Provision in an insurance rate for losses that could not be anticipated in the loss data
DOCUMENT THAT AMENDS AN INSURANCE POLICY
Down
Amount of business an insurer is able to write
Independent producer who represents insurance customers
Failure to exercise the degree of care that a reasonable person in similar situation would exercise to avoid harming others
_____ ______ IS ENTITLED TO A SHARE IN WHATEVER LOSS PAYMENT AN INSURED RECEIVES
SOMETHING OF VALUE OR BARGAINED FOR AND EXCHANGED BY THE PARTIES TO A CONTRACT
____ _____ is a risk control technique that reduces the frequency of a particular loss
Person who uses mathematical methods to analyze loss data and develop insurance rates
PORTION OF A COVERED LOSS THAT IS NOT PAID BY THE INSURER