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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:

  1. Loss Adjuster
  2. Underwriting
  3. Exclusion
  4. Indemnity
  5. Deductible
  6. Policy Endorsement
  7. Reinsurance
  8. Aggregate Limit

Match these descriptions:

  1. A professional who assesses the validity of a claim and the extent of the insurer's liability. ____
  2. The principle that the insured should not profit from a claim, but should be restored to their original financial position. ____
  3. The practice of insurers transferring portions of risk to other parties to reduce the likelihood of large payouts. ____
  4. A provision in an insurance policy that excludes certain risks from coverage. ____
  5. An amendment to an existing insurance policy that changes its terms or coverage. ____
  6. The amount the policyholder must pay before the insurance policy pays out. ____
  7. The maximum amount that an insurer will pay out over a policy period for all claims. ____
  8. The process of evaluating and accepting potential risks for insurance. ____

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