Business English >> Advanced Vocabulary >> Insurance Terms Definition Matching
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Advanced Vocabulary
Insurance Terms Definition Matching
Match the insurance terms with their definitions by writing the appropriate number in each blank.
Terms:
- Loss Adjuster
- Underwriting
- Exclusion
- Indemnity
- Deductible
- Policy Endorsement
- Reinsurance
- Aggregate Limit
Match these descriptions:
- A professional who assesses the validity of a claim and the extent of the insurer's liability. ____
- The principle that the insured should not profit from a claim, but should be restored to their original financial position. ____
- The practice of insurers transferring portions of risk to other parties to reduce the likelihood of large payouts. ____
- A provision in an insurance policy that excludes certain risks from coverage. ____
- An amendment to an existing insurance policy that changes its terms or coverage. ____
- The amount the policyholder must pay before the insurance policy pays out. ____
- The maximum amount that an insurer will pay out over a policy period for all claims. ____
- The process of evaluating and accepting potential risks for insurance. ____