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IOSTB Life Puzzle 1

Horizontales
Failure to disclose facts which may void an insurance policy
The termination of an insurance policy usually before its expiration
A group of businesses who have common or similar exposures and are grouped together for rating purposes
An authorized representative of an insurance company.
Coverage is just another term for Insurance. It can be used to mean either the dollar amounts of insurance purchased ($500,000 of liability coverage), or the type of loss covered (coverage for theft).
The signature of a licensed agent or representative on a policy that is required to validate the policy
The designated person set to receive the death benefit if the insured should die.
The person presenting a claim
Things agreed upon in an insurance policy that state the rights and the requirements of the insured and the insurer
Verticales
A severe loss causing sizable financial loss
A form with the information needed for an insurance company to underwrite and rate a specific policy
The arranging or establishing of business groups or categories for rating purposes
The ending date of an insurance policy
An agreement between two or more parties with characteristics of mutual assent, competent parties, a valid consideration and legal subject
A request by a policyholder or a claimant for payment under a policy of insurance
Making the effective date of a policy earlier than the date of application. Backdating is often used to make the age of the applicant lower than it actually was at the time of application so that he/she can get a lower premium. State laws often set limits to this.
The insurance company which provides coverage