insuranceagentA professionalinsurancesalesperson who actsfor the insurer innegotiating,servicing, or writingan insurance policyinsurableinterestany financial interestin life or propertysuch that, if the life orproperty were lost orharmed, the insuredwould sufferfinancially.exclusionsSpecifiedlosses thatthe insurancepolicy doesnot coverinsuredThe person orcompanyprotected againstloss (not alwaysthe owner of thepolicy)beneficiaryA person namedon an insurancepolicy to receivethe benefits fromthe policyproofof lossThe writtenverification of theamount of a loss thatmust be provided bythe insured to theinsurer before a claimcan be settledbenefitsSums of money tobe paid for specifictypes of lossesunder the terms ofan insurancepolicypropertyriskThe chanceof loss orharm topersonal orreal propertystandardpolicyThe contract formthat has beenadopted by manyinsurers, approved bystate insurancedepartments, orprescribed by lawactuarialtableA table ofpremium ratesbased onages and lifeexpectanciesdeductibleThe specified amountof a loss that thepolicyholder paysbefore the insurer isobligated to payanything; the insurancecompany pays only theamount in excess ofthe deductiblelossn unexpectedreduction in value ofthe insured’s propertycaused by a coveredperil; the basis of avalid claim forreimbursement underthe terms of aninsurance policyspeculativerisknot “accidental” orrandom and mayresult in either gain orloss, you cannotprotect yourself fromlosses in a traditionalmanner.claimA policyholder’srequest forreimbursement fora loss under theterms of aninsurance policyprobabilityThe mathematicsof chance, orstatisticallikelihood thatsomething willhappenindemnificationthe process of puttingthe policyholder backin the same financialcondition he or shewas in before theloss occurredpremiumthe fee usuallypaid at regularintervals by theowner of thepolicyunearnedpremiumThe portion of apaid premium thatthe insurer has notyet earnedbecause the policyterm has notended;economicriskrisks due tothe currentstate of theeconomypersonalriskthe chance ofloss involvingyour incomeand standardof living.faceamountThe amountstated in a lifeinsurancepolicy to bepaid upondeathpureriska chanceof loss withno chancefor gain.cashvalueThe amount ofmoney payable toa policyholderupondiscontinuation ofa life insurancepolicycoverageProtectionprovided bythe terms ofan insurancepolicyactuaryA specialistin insurancecalculationsand statisticsinsurableriska pure risk that isfaced by a largenumber of peopleand for which theamount of the losscan be predictedgraceperiodThe additional timeafter the premiumdue date that theinsurer allows thepolicyholder to makethe payment withoutpenalty (usually 30days)liabilityriskthe chance of lossthat may occur whenyour errors or actionsresult in injuries toothers or damages totheir propertyperilAn event whoseoccurrence cancause a loss; peoplebuy policies forprotection againstsuch perils as a fire,storm, explosion,accident, or robberyhazardA condition thatcreates or increasesthe likelihood ofsome loss; forexample, defectivehouse wiring canincrease thelikelihood of a fireinsurerThe insurancecompany whoprovidesinsurancecoverage for apolicyholderinsurancea method forspreading individualrisk among a largegroup of people tomake losses moreaffordable for all.insuranceagentA professionalinsurancesalesperson who actsfor the insurer innegotiating,servicing, or writingan insurance policyinsurableinterestany financial interestin life or propertysuch that, if the life orproperty were lost orharmed, the insuredwould sufferfinancially.exclusionsSpecifiedlosses thatthe insurancepolicy doesnot coverinsuredThe person orcompanyprotected againstloss (not alwaysthe owner of thepolicy)beneficiaryA person namedon an insurancepolicy to receivethe benefits fromthe policyproofof lossThe writtenverification of theamount of a loss thatmust be provided bythe insured to theinsurer before a claimcan be settledbenefitsSums of money tobe paid for specifictypes of lossesunder the terms ofan insurancepolicypropertyriskThe chanceof loss orharm topersonal orreal propertystandardpolicyThe contract formthat has beenadopted by manyinsurers, approved bystate insurancedepartments, orprescribed by lawactuarialtableA table ofpremium ratesbased onages and lifeexpectanciesdeductibleThe specified amountof a loss that thepolicyholder paysbefore the insurer isobligated to payanything; the insurancecompany pays only theamount in excess ofthe deductiblelossn unexpectedreduction in value ofthe insured’s propertycaused by a coveredperil; the basis of avalid claim forreimbursement underthe terms of aninsurance policyspeculativerisknot “accidental” orrandom and mayresult in either gain orloss, you cannotprotect yourself fromlosses in a traditionalmanner.claimA policyholder’srequest forreimbursement fora loss under theterms of aninsurance policyprobabilityThe mathematicsof chance, orstatisticallikelihood thatsomething willhappenindemnificationthe process of puttingthe policyholder backin the same financialcondition he or shewas in before theloss occurredpremiumthe fee usuallypaid at regularintervals by theowner of thepolicyunearnedpremiumThe portion of apaid premium thatthe insurer has notyet earnedbecause the policyterm has notended;economicriskrisks due tothe currentstate of theeconomypersonalriskthe chance ofloss involvingyour incomeand standardof living.faceamountThe amountstated in a lifeinsurancepolicy to bepaid upondeathpureriska chanceof loss withno chancefor gain.cashvalueThe amount ofmoney payable toa policyholderupondiscontinuation ofa life insurancepolicycoverageProtectionprovided bythe terms ofan insurancepolicyactuaryA specialistin insurancecalculationsand statisticsinsurableriska pure risk that isfaced by a largenumber of peopleand for which theamount of the losscan be predictedgraceperiodThe additional timeafter the premiumdue date that theinsurer allows thepolicyholder to makethe payment withoutpenalty (usually 30days)liabilityriskthe chance of lossthat may occur whenyour errors or actionsresult in injuries toothers or damages totheir propertyperilAn event whoseoccurrence cancause a loss; peoplebuy policies forprotection againstsuch perils as a fire,storm, explosion,accident, or robberyhazardA condition thatcreates or increasesthe likelihood ofsome loss; forexample, defectivehouse wiring canincrease thelikelihood of a fireinsurerThe insurancecompany whoprovidesinsurancecoverage for apolicyholderinsurancea method forspreading individualrisk among a largegroup of people tomake losses moreaffordable for all.

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.


1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
  1. A professional insurance salesperson who acts for the insurer in negotiating, servicing, or writing an insurance policy
    insurance agent
  2. 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
  3. Specified losses that the insurance policy does not cover
    exclusions
  4. The person or company protected against loss (not always the owner of the policy)
    insured
  5. A person named on an insurance policy to receive the benefits from the policy
    beneficiary
  6. 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
  7. Sums of money to be paid for specific types of losses under the terms of an insurance policy
    benefits
  8. The chance of loss or harm to personal or real property
    property risk
  9. The contract form that has been adopted by many insurers, approved by state insurance departments, or prescribed by law
    standard policy
  10. A table of premium rates based on ages and life expectancies
    actuarial table
  11. 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
  12. 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
  13. not “accidental” or random and may result in either gain or loss, you cannot protect yourself from losses in a traditional manner.
    speculative risk
  14. A policyholder’s request for reimbursement for a loss under the terms of an insurance policy
    claim
  15. The mathematics of chance, or statistical likelihood that something will happen
    probability
  16. the process of putting the policyholder back in the same financial condition he or she was in before the loss occurred
    indemnification
  17. the fee usually paid at regular intervals by the owner of the policy
    premium
  18. The portion of a paid premium that the insurer has not yet earned because the policy term has not ended;
    unearned premium
  19. risks due to the current state of the economy
    economic risk
  20. the chance of loss involving your income and standard of living.
    personal risk
  21. The amount stated in a life insurance policy to be paid upon death
    face amount
  22. a chance of loss with no chance for gain.
    pure risk
  23. The amount of money payable to a policyholder upon discontinuation of a life insurance policy
    cash value
  24. Protection provided by the terms of an insurance policy
    coverage
  25. A specialist in insurance calculations and statistics
    actuary
  26. 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
  27. 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
  28. the chance of loss that may occur when your errors or actions result in injuries to others or damages to their property
    liability risk
  29. 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
  30. A condition that creates or increases the likelihood of some loss; for example, defective house wiring can increase the likelihood of a fire
    hazard
  31. The insurance company who provides insurance coverage for a policyholder
    insurer
  32. a method for spreading individual risk among a large group of people to make losses more affordable for all.
    insurance