Insurance Words

Choose the best answer from the three options in each question.

1. A(n) ______ calculates insurance risks and premiums.
a) broker
b) adjuster
c) actuary

2. To ______ means to evaluate the value of a loss or damage.
a) assess
b) claim
c) cover

3. A ______ is a request for payment under the insurance policy.
a) premium
b) claim
c) policy

4. ______ is the responsibility for causing damage or injury.
a) Liability
b) Cover
c) Loss

5. ______ loss refers to indirect damage caused by a covered incident.
a) Direct
b) Total
c) Consequential

6. A(n) ______ represents clients in buying insurance.
a) loss adjuster
b) actuary
c) broker

7. The person who owns the insurance policy is the ______.
a) underwriter
b) policy holder
c) claimant

8. The ______ is the regular payment made for an insurance policy.
a) premium
b) risk
c) coverage