C12 - Study 10 Crossword

A person who is employed or authorized to act on behalf of another.
A licensed independent person or firm who acts on behalf of an insured in placing business with insurance companies.
One who investigates insurance claims, makes recommendations regarding the payment of benefits from insurance policies, and negotiates payments and settlements.
An insurance professional who invests the capital of an insurer’s shareholders by accepting or rejecting risk to implement an insurer’s strategic plan.
A term with several meanings but generally an underwriting term that refers to the subject matter of insurance.
The ratio of the number of losses to the number of exposure units is known as the _________ of loss.
A listing of the maximum amounts of exposure an insurance company is prepared to accept on various classes of risk, as well as parameters for acceptable risk in each class is known as the _______ _____.
The average size of losses is known as the _________ of loss.
The price of a unit of insurance for the policy period (usually one year).
The process of compiling and analyzing data to establish rates for different classes of risk.
A professional skilled in the application of mathematics to financial problems.
The total cost of the insurance. It is derived by multiplying the rate of insurance by the amount of insurance.
The process by which underwriters apply the rates developed by actuaries to the information that underwriters have gathered to determine premium for individual risks.
Intangible skills that are hard to measure and generally useful in any job rather than only one job in particular are known as _________ skills.
The immediate and necessary remediation required to protect, secure, and make reasonably safe a loss location, while protecting the premises from further damage is known as _________ repairs.