Property and Casualty Crossword

leases, easement of license agreements, agreement with a municipality as required by ordinance, sidetracke agreement, elevator maintenance agreements
Oral or false statements injurious to a person's reputation; a false and malicious statement of report about someone
A fasle publication, as in writing, print, signs, or picture that damages a person's reputation
Legal doctorine that states that an agent has the authority specifically given to the agent,either orally or in writing, by the principal is what type of authority
A civil wrong for which monetary damages may be providded; does not include losses arising out of contracts
Liability that a person or business incurs because of the actions of others, such as family members or employees
Type of policy that provides broad coverage for an insured's liability over and above liability covered by an underlying contract; may also cover losses that are excluded by the underlying policiy; available as personal or commercial
The taking of property by a person unlawfully entering or leaving the premises as evidenced by visible signs of forced entry or exit
Defined in most policies to include injury, sickness, disease, and death resulting from any of these at a time (Abbr)
A broad term encompassing any unlawful taking of property, including burglary and robbery
The intentional relinquishment of a known right
Type of physical damage coverage that covers loss that occurs when the insured auto strikes another object or vehicle; may also include upset or overturn of the insured auto
A loss that occurs at a specific time and place or over a period of time
A from attached to an insurance policy that alters the policy's coverage, terms, and conditions. The additional coverage is listed in the policy, and the cost of insuring each risk must be added to the cost of the premium
Section of an insurance policy that lists property, perils, persons, or situations that are not covered under the policy
Policy that provides property and liability coverage both owned and non-owned autos used, maintained, or operated by the insured and the insured's family members (Abbr)
General term used to desribe someone who sells insurance, such as an agent, broker, or solicitor
Under the claims-made CGL form, a date stipulated in the declerations as the first date on which an event may occur and be covered by the policy if a claim is filedis what date
Damage to or destruction of property, including loss of use of the propertyis what kind of damage
A condition or situation that presents a possibility of a loss
The chance or uncertainty of a loss
There are three types: moral, morale, physical
One policy limit that applies to both BI and PD losses is what limit
Type of policy limit found in liability policies that limits coverage to a speciified total amount for all losses occurring within the policy period is what limit
The withholding of a material fact involved in the contract on which the insurer relies
The lack of reasonable care that is required to protect others from the unreasonable chance of harm
Policy condition that outlines a procedure for when the insured and insurer disagree on the amount of a loss. Each party selects an appraiser and two appraisers select an umpire.
Condition found in property insurance contracts that provides that if the insurer broadens coverage under a plicy form or endorsement without requiring an additional premium, then all existing similar policies or endorsements will be construed to contain the broadened coverage
Replacement cost minus depreciation (Abbr)
Tendency of insureds with a greater than average chance of loss to purchase insurance is what type of selection
Restores an inusred to the approximate condition before the loss, no better or worse.
Federal law designed to ensure that insurance coverage for terrorism losses under commercial line policies will be available and affordable. (Abbr)
Financila loss resulting directly from a loss to property is what type of loss
An insurance policy or an addition to another insurance policy, covering personal property deemed to be easily movable. Covers property lost,damged, or destroyed
A deliberate misrepresentation that causes harm; an all out effort by one party to decieve and cheat another; must have intent
Program established by law that makes property insurance available to insureds who might otherwise be uninsurable in the standard market (Abbr)
Oral or written statement that provides immediate insurance protection for a specified period; designeed to provide temporary coverage until a policy is issued or denied
Package policy designed to provide broad property and liability coverage for small businesses; eligibilty requirements are stricter than the CPP (Abbr)
An action that, in natural and continuos sequence, produces a loss. is what cause
Statements on an insurance application that the applicant beleives are true; not considered a matter to which the parties contract, so a policy cannot be voided on this basis
Prevents double recovery by assigning or substituting the right of one party to another to collect damages from another party
A specific agreement between the insured and the insurer that becomes a part of the insurance policy, a breach of warranty can void the policy
Absence of both people and property
Type of contract that is one sided
insurance policy that protects the insured from losses caused by any peril that is not specifically excluded by the policy is what type of peril policy
Coverage A: dwelling; B:Other structures; C: Personal Property; D:loss of use; E: Personal Liability; F: Medial payments; is what type of policy
Ammount of expenses that must be paid out of pocket before insurer will pay any expenses coverd from a loss
Risk in which there is no chance of gain, only loss