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AINS 102 - Chapter 1 & 2

Horizontales
Conditions where coverage does not apply
A portion of a covered loss that is not paid by the insurer
Payment such as bail bonds, interest accruing after a judgement, expenses incurred at insurer's request
Wrongful act or an omission that invades a legally protected right
Verticales
Damages that result in a monetary award that do not involve specific, measurable expenses
Process insurer can take to recover amounts paid from the party who is legally liable
Property that is tangible or intangible and is not real property
Failure to exercise the degree of care that a reasonable person in a similar situation would exercise to avoid harming others
Section of the PAP that indicates insurer is providing coverage subject to payment of premium and terms of the policy