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AINS 101 - Assignment #1

Horizontales
Cost of insurance coverage for a specified period.
Type of insurer owned by stockholders and formed for the purpose of earning a profit for the stockholders.
Transfer of insurance risk from one insurer to another for some or all of the financial consequences of certain loss exposures covered by the primary insurer .
Type of insurer owned by policyholders and formed for the purpose of providing insurance to them.
To restore a party after a loss to the same financial position prior to the loss.
Risk that has a chance of loss or no loss, but not chance of gain.
Verticales
Loss _______ is any condition that present the possibility of loss. whether or not a loss occurs
Person or organization covered by an insurance policy
Risk that has a chance of loss, no loss or gain
Insurance that covers the financial consequences of death.