A) | The chance of loss, the degree of probability of loss, and the amount of possible loss.
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B) | A risk that no insurance company will cover.
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C) | A written contract between the insured and an insurance company that promises to pay for all or part of a loss.
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D) | Rule saying that an insured person or organization cannot collect more than the actual loss from an insurable risk.
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E) | The threat of loss with no chance for profit.
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F) | A statement of a loss that the insured sends to the insurance company to request payment.
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G) | A chance of either profit or loss.
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H) | A risk that the typical insurance company will cover.
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I) | Principle that if a large number of people are exposed to the same risk, a predictable number of losses will occur during a given period of time.
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J) | The fee charged by an insurance company for an insurance policy.
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K) | A type of insurance company owned by its policyholders.
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L) | The possibility of the policyholder to suffer a loss.
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M) | A type of insurance company owned by shareholders.
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N) | The practice of setting aside money to cover routine claims and buying only "catastrophe" policies to cover big losses.
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