Types of Insurance
Which insurance policy covers hospital bills and doctor visits
Health insurance
What is deductible
A set amount paid before insurance covers the rest
Honesty between insurer and insured
Utmost Good Faith
Identifying potential losses
Risk identification
A mastermind in red jumpsuits plans the perfect heist with masks and mayhem
Money heist
Which insurance policy protects your home and belongings
Homeowners insurance
What is beneficiary
The person who receives insurance benefits
Insurance must only be taken if the policyholder has a financial stake in the risk
Insurable Interest
Preventive actions taken to reduce risk
Risk Mitigation
The sci-fi thriller begins with a boy disappearing and ends up revealing a secret lab, a parallel world, and a girl named Eleven.
Stranger Things
Which insurance policy do you need if u meet an accident and the opposite person suffers from it
Third-party/ liability insurance
What is a policyholder
The one who owns insurance policy
Insurance only compensates for the actual loss, not profit
Principle of indemnity
Transfer of uncertainties from one party to another
Risk Transfer
Hundreds of people compete in a deadly game for money and most don't make it past round one
Squid games
Which insurance policy pays money to family after death
Life Insurance
What is underwriting
The process of evaluating risk before issuing a policy
When multiple insurers share liability proportionally
Principle of contribution
Using data to calculate possible losses
Risk Assessment
She is a gossip blogger in London with a secret identity and her name is Lady Whistledown
Bridgerton
Which insurance policy protects income if you are unable to work
Disability Insurance
What is grace period in insurance terms
Extra time to pay a missed premium without losing coverage
The right of the insurer to recover the loss from a third party
Subrogation
Risk = probability x impact. Name this concept.
Risk Formula
A young ------- Addams joins Nevermore Academy and investigates a murder mystery
Wednesday