Intermediate Business Vocabulary

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

    broker

    adjuster

    actuary

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

    assess

    claim

    cover

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

    premium

    claim

    policy

4. ______ is the responsibility for causing damage or injury.

    Liability

    Cover

    Loss

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

    Direct

    Total

    Consequential

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

    loss adjuster

    actuary

    broker

7. The person who owns the insurance policy is the ______.

    underwriter

    policy holder

    claimant

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

    premium

    risk

    coverage