Insurance Words - Answers

1. A(n) ______ calculates insurance risks and premiums.
Answer: actuary

2. To ______ means to evaluate the value of a loss or damage.
Answer: assess

3. A ______ is a request for payment under the insurance policy.
Answer: claim

4. ______ is the responsibility for causing damage or injury.
Answer: Liability

5. ______ loss refers to indirect damage caused by a covered incident.
Answer: Consequential

6. A(n) ______ represents clients in buying insurance.
Answer: broker

7. The person who owns the insurance policy is the ______.
Answer: policy holder

8. The ______ is the regular payment made for an insurance policy.
Answer: premium