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ACSR 322 - Coverage Inquiries

Horizontales
____ _____ is coverage that insures against direct physical loss unless the loss is excluded or limited by the policy
interest that may accrue on damages before a judgment has been rendered
Money claimed by or monetary award to a party who has suffered loss or injury for which another party is legally responsible.
Termination of a policy by either the insurer or the insured during the policy term
A portion of a covered loss that is not paid by the insurer
Verticales
An accident, including continuous or repeated exposure to substantially the same general harmful conditions
Net income that results when revenues exceed expenses
Process an insurer can, after it has paid a loss, to recover the amount paid from any party, other than insured, who caused the loss or is legally labile for the loss
_____ _____ is optional coverage that suspends the coinsurance condition
Method of resolving disputes between insurer and insured over the amount owed on a covered loss