PF Insurance
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Actuarial Table | A table of premium rates based on ages and life expectancies (for life insurance)
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| Beneficiary | A person named on an insurance policy to receive the benefits from the policy
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| Benefits | Sums of money to be paid for specific types of losses under the terms of an insurance policy
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| Claim | A policyholder's request for reimbursement for a loss under the terms of an insurance policy
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| Coverage | Protection provided by the terms of an insurance policy
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| Deductible | The specified amount of a loss that the policyholder pays before the insurer is obligated to pay anything; the "out-of-pocket" amount paid when a claim occurs
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| Insured | The person protected against a loss
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| Insurer | Insurance company who provides insurance coverage for a policyholder
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| Loss | An unexpected reduction in value of the insured's property caused by a covered peril; the basis of a valid claim for reimbursement under the terms of an insurance policy
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| Peril | An event whose occurrence can cause a loss; people buy policies for protection against such occurrences (fire, storm, explosion, accident, robbery, etc)
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| Probability | The mathematics of chance; the statistical likelihood that something will happen
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| Proof of loss | The written verification of the amount of a loss that must be provided by the insured to the insurer before a claim can be settled
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| Insurance | A method for spreading individual risk among a large group of people to make losses more affordable for all
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Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
C.Westcott
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