standardpolicyThe contract formthat has beenadopted by manyinsurers, approved bystate insurancedepartments, orprescribed by lawclaimA policyholder’srequest forreimbursement fora loss under theterms of aninsurance policyliabilityriskthe chance of lossthat may occur whenyour errors or actionsresult in injuries toothers or damages totheir propertyinsurableinterestany financial interestin life or propertysuch that, if the life orproperty were lost orharmed, the insuredwould sufferfinancially.pureriska chanceof loss withno chancefor gain.economicriskrisks due tothe currentstate of theeconomyactuarialtableA table ofpremium ratesbased onages and lifeexpectanciesperilAn event whoseoccurrence cancause a loss; peoplebuy policies forprotection againstsuch perils as a fire,storm, explosion,accident, or robberyinsurerThe insurancecompany whoprovidesinsurancecoverage for apolicyholderinsurableriska pure risk that isfaced by a largenumber of peopleand for which theamount of the losscan be predictedinsurancea method forspreading individualrisk among a largegroup of people tomake losses moreaffordable for all.deductibleThe specified amountof a loss that thepolicyholder paysbefore the insurer isobligated to payanything; the insurancecompany pays only theamount in excess ofthe deductiblegraceperiodThe additional timeafter the premiumdue date that theinsurer allows thepolicyholder to makethe payment withoutpenalty (usually 30days)benefitsSums of money tobe paid for specifictypes of lossesunder the terms ofan insurancepolicybeneficiaryA person namedon an insurancepolicy to receivethe benefits fromthe policylossn unexpectedreduction in value ofthe insured’s propertycaused by a coveredperil; the basis of avalid claim forreimbursement underthe terms of aninsurance policypersonalriskthe chance ofloss involvingyour incomeand standardof living.speculativerisknot “accidental” orrandom and mayresult in either gain orloss, you cannotprotect yourself fromlosses in a traditionalmanner.faceamountThe amountstated in a lifeinsurancepolicy to bepaid upondeathindemnificationthe process of puttingthe policyholder backin the same financialcondition he or shewas in before theloss occurredhazardA condition thatcreates or increasesthe likelihood ofsome loss; forexample, defectivehouse wiring canincrease thelikelihood of a fireexclusionsSpecifiedlosses thatthe insurancepolicy doesnot coverpropertyriskThe chanceof loss orharm topersonal orreal propertyactuaryA specialistin insurancecalculationsand statisticsproofof lossThe writtenverification of theamount of a loss thatmust be provided bythe insured to theinsurer before a claimcan be settledunearnedpremiumThe portion of apaid premium thatthe insurer has notyet earnedbecause the policyterm has notended;probabilityThe mathematicsof chance, orstatisticallikelihood thatsomething willhappencashvalueThe amount ofmoney payable toa policyholderupondiscontinuation ofa life insurancepolicyinsuranceagentA professionalinsurancesalesperson who actsfor the insurer innegotiating,servicing, or writingan insurance policycoverageProtectionprovided bythe terms ofan insurancepolicypremiumthe fee usuallypaid at regularintervals by theowner of thepolicyinsuredThe person orcompanyprotected againstloss (not alwaysthe owner of thepolicy)standardpolicyThe contract formthat has beenadopted by manyinsurers, approved bystate insurancedepartments, orprescribed by lawclaimA policyholder’srequest forreimbursement fora loss under theterms of aninsurance policyliabilityriskthe chance of lossthat may occur whenyour errors or actionsresult in injuries toothers or damages totheir propertyinsurableinterestany financial interestin life or propertysuch that, if the life orproperty were lost orharmed, the insuredwould sufferfinancially.pureriska chanceof loss withno chancefor gain.economicriskrisks due tothe currentstate of theeconomyactuarialtableA table ofpremium ratesbased onages and lifeexpectanciesperilAn event whoseoccurrence cancause a loss; peoplebuy policies forprotection againstsuch perils as a fire,storm, explosion,accident, or robberyinsurerThe insurancecompany whoprovidesinsurancecoverage for apolicyholderinsurableriska pure risk that isfaced by a largenumber of peopleand for which theamount of the losscan be predictedinsurancea method forspreading individualrisk among a largegroup of people tomake losses moreaffordable for all.deductibleThe specified amountof a loss that thepolicyholder paysbefore the insurer isobligated to payanything; the insurancecompany pays only theamount in excess ofthe deductiblegraceperiodThe additional timeafter the premiumdue date that theinsurer allows thepolicyholder to makethe payment withoutpenalty (usually 30days)benefitsSums of money tobe paid for specifictypes of lossesunder the terms ofan insurancepolicybeneficiaryA person namedon an insurancepolicy to receivethe benefits fromthe policylossn unexpectedreduction in value ofthe insured’s propertycaused by a coveredperil; the basis of avalid claim forreimbursement underthe terms of aninsurance policypersonalriskthe chance ofloss involvingyour incomeand standardof living.speculativerisknot “accidental” orrandom and mayresult in either gain orloss, you cannotprotect yourself fromlosses in a traditionalmanner.faceamountThe amountstated in a lifeinsurancepolicy to bepaid upondeathindemnificationthe process of puttingthe policyholder backin the same financialcondition he or shewas in before theloss occurredhazardA condition thatcreates or increasesthe likelihood ofsome loss; forexample, defectivehouse wiring canincrease thelikelihood of a fireexclusionsSpecifiedlosses thatthe insurancepolicy doesnot coverpropertyriskThe chanceof loss orharm topersonal orreal propertyactuaryA specialistin insurancecalculationsand statisticsproofof lossThe writtenverification of theamount of a loss thatmust be provided bythe insured to theinsurer before a claimcan be settledunearnedpremiumThe portion of apaid premium thatthe insurer has notyet earnedbecause the policyterm has notended;probabilityThe mathematicsof chance, orstatisticallikelihood thatsomething willhappencashvalueThe amount ofmoney payable toa policyholderupondiscontinuation ofa life insurancepolicyinsuranceagentA professionalinsurancesalesperson who actsfor the insurer innegotiating,servicing, or writingan insurance policycoverageProtectionprovided bythe terms ofan insurancepolicypremiumthe fee usuallypaid at regularintervals by theowner of thepolicyinsuredThe person orcompanyprotected againstloss (not alwaysthe owner of thepolicy)

Intro to Insurance Bingo - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


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  1. The contract form that has been adopted by many insurers, approved by state insurance departments, or prescribed by law
    standard policy
  2. A policyholder’s request for reimbursement for a loss under the terms of an insurance policy
    claim
  3. the chance of loss that may occur when your errors or actions result in injuries to others or damages to their property
    liability risk
  4. any financial interest in life or property such that, if the life or property were lost or harmed, the insured would suffer financially.
    insurable interest
  5. a chance of loss with no chance for gain.
    pure risk
  6. risks due to the current state of the economy
    economic risk
  7. A table of premium rates based on ages and life expectancies
    actuarial table
  8. An event whose occurrence can cause a loss; people buy policies for protection against such perils as a fire, storm, explosion, accident, or robbery
    peril
  9. The insurance company who provides insurance coverage for a policyholder
    insurer
  10. a pure risk that is faced by a large number of people and for which the amount of the loss can be predicted
    insurable risk
  11. a method for spreading individual risk among a large group of people to make losses more affordable for all.
    insurance
  12. The specified amount of a loss that the policyholder pays before the insurer is obligated to pay anything; the insurance company pays only the amount in excess of the deductible
    deductible
  13. The additional time after the premium due date that the insurer allows the policyholder to make the payment without penalty (usually 30 days)
    grace period
  14. Sums of money to be paid for specific types of losses under the terms of an insurance policy
    benefits
  15. A person named on an insurance policy to receive the benefits from the policy
    beneficiary
  16. n unexpected reduction in value of the insured’s property caused by a covered peril; the basis of a valid claim for reimbursement under the terms of an insurance policy
    loss
  17. the chance of loss involving your income and standard of living.
    personal risk
  18. not “accidental” or random and may result in either gain or loss, you cannot protect yourself from losses in a traditional manner.
    speculative risk
  19. The amount stated in a life insurance policy to be paid upon death
    face amount
  20. the process of putting the policyholder back in the same financial condition he or she was in before the loss occurred
    indemnification
  21. A condition that creates or increases the likelihood of some loss; for example, defective house wiring can increase the likelihood of a fire
    hazard
  22. Specified losses that the insurance policy does not cover
    exclusions
  23. The chance of loss or harm to personal or real property
    property risk
  24. A specialist in insurance calculations and statistics
    actuary
  25. The written verification of the amount of a loss that must be provided by the insured to the insurer before a claim can be settled
    proof of loss
  26. The portion of a paid premium that the insurer has not yet earned because the policy term has not ended;
    unearned premium
  27. The mathematics of chance, or statistical likelihood that something will happen
    probability
  28. The amount of money payable to a policyholder upon discontinuation of a life insurance policy
    cash value
  29. A professional insurance salesperson who acts for the insurer in negotiating, servicing, or writing an insurance policy
    insurance agent
  30. Protection provided by the terms of an insurance policy
    coverage
  31. the fee usually paid at regular intervals by the owner of the policy
    premium
  32. The person or company protected against loss (not always the owner of the policy)
    insured