Banking- Unit IV Insurance Exam

Front

Provides payments for both liability and property insurance on a vehicle

Back

automobile insurance

Front

Someone who receives money if an insured person dies

Back

beneficiary

Front

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury

Back

claim

Front

Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid

Back

co-insurance

Front

The risks covered and amount of money paid for losses under an insurance policy

Back

coverage

Front

Someone who relies on someone else for income and care

Back

dependent

Front

The risks covered and amount of money paid for losses under an insurance policy

Back

coverage

Front

Someone who relies on someone else for income and care

Back

dependent

Front

Provides payment to replace earnings during times when workers cannot work due to illness or injury

Back

disability insurance

Front

Cash set aside that can be used to cover the costs of unexpected expenses

Back

emergency savings