general insurance Crossword

The potential for an insured or beneficiary to suffer a financial or economic hardship in the event of a loss.
An insurer organized under the laws of this state, whether or not it is admitted to do business in this state.
Authority that is written into the producer's contract.
Membership typically consists of members of a given faith, lodge, order, or society.
Only one party is legally bound to contractual obligations after the premium is paid.
An insurer organized under the laws of any jurisdiction outside the United States, whether or not it is admitted to do business in this state.
Instances where there is a chance of loss or gain.
assume all of the financial risk faced without transferring that risk to an insurer.
Reduction, decrease, or disappearance of value.
Judicial denial of a contractual right based on prior actions contrary to what the contract requires.
Licensed individuals representing an insurance company when transacting insurance business.
A specific situation that increases the probability of a loss arising from a peril or that may influence the extent of the loss.
Voluntary surrender of a known right, claim or privilege.
A false statement in the application that can render the contract void, if material to acceptance of the risk.
Finds coverage when insurance cannot be obtained from admitted insurers.
No laws just recommendations
Identifies issues and gaps in state regulation
last chance for insurance
Owned by Policy Holders
no chance of winning
you could lose or win
restores to previous financial condition (no profit)
can place buisness with an unauthorized insurer
unwritten authority that is assumed by the public to exist