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JC Insurance
| Question | Answer |
|---|---|
| Application form for insurance | Proposal Form |
| Person who calculates the premium | Actuary |
| Person who calculates the damage | Assessor |
| Principle which states that you can't make a profit from insurance | indembity |
| Principle which states that you must benefit from the existence of the item being insured and suffer from its loss | insurable interest |
| Principle that states that you must tell the truth when taking out insurance | utmost good faith |
| amount you pay to be insured | premium |
| the rules or terms of the insurance agreement | policy |
| insurance against medical expenses | health insurance |