insuredThe person orcompanyprotected againstloss (not alwaysthe owner of thepolicy)speculativerisknot “accidental” orrandom and mayresult in either gain orloss, you cannotprotect yourself fromlosses in a traditionalmanner.insurerThe insurancecompany whoprovidesinsurancecoverage for apolicyholderhazardA condition thatcreates or increasesthe likelihood ofsome loss; forexample, defectivehouse wiring canincrease thelikelihood of a firebeneficiaryA 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 policypropertyriskThe chanceof loss orharm topersonal orreal propertyfaceamountThe amountstated in a lifeinsurancepolicy to bepaid upondeathindemnificationthe process of puttingthe policyholder backin the same financialcondition he or shewas in before theloss occurredinsurableriska pure risk that isfaced by a largenumber of peopleand for which theamount of the losscan be predictedinsuranceagentA professionalinsurancesalesperson who actsfor the insurer innegotiating,servicing, or writingan insurance policyunearnedpremiumThe portion of apaid premium thatthe insurer has notyet earnedbecause the policyterm has notended;personalriskthe chance ofloss involvingyour incomeand standardof living.benefitsSums of money tobe paid for specifictypes of lossesunder the terms ofan insurancepolicycoverageProtectionprovided bythe terms ofan insurancepolicyperilAn event whoseoccurrence cancause a loss; peoplebuy policies forprotection againstsuch perils as a fire,storm, explosion,accident, or robberyeconomicriskrisks due tothe currentstate of theeconomyactuaryA specialistin insurancecalculationsand statisticsinsurableinterestany financial interestin life or propertysuch that, if the life orproperty were lost orharmed, the insuredwould sufferfinancially.actuarialtableA table ofpremium ratesbased onages and lifeexpectanciesstandardpolicyThe contract formthat has beenadopted by manyinsurers, approved bystate insurancedepartments, orprescribed by lawproofof lossThe writtenverification of theamount of a loss thatmust be provided bythe insured to theinsurer before a claimcan be settledcashvalueThe amount ofmoney payable toa policyholderupondiscontinuation ofa life insurancepolicyexclusionsSpecifiedlosses thatthe insurancepolicy doesnot coverliabilityriskthe chance of lossthat may occur whenyour errors or actionsresult in injuries toothers or damages totheir propertyclaimA policyholder’srequest forreimbursement fora loss under theterms of aninsurance policydeductibleThe specified amountof a loss that thepolicyholder paysbefore the insurer isobligated to payanything; the insurancecompany pays only theamount in excess ofthe deductibleinsurancea method forspreading individualrisk among a largegroup of people tomake losses moreaffordable for all.premiumthe fee usuallypaid at regularintervals by theowner of thepolicygraceperiodThe additional timeafter the premiumdue date that theinsurer allows thepolicyholder to makethe payment withoutpenalty (usually 30days)probabilityThe mathematicsof chance, orstatisticallikelihood thatsomething willhappenpureriska chanceof loss withno chancefor gain.insuredThe person orcompanyprotected againstloss (not alwaysthe owner of thepolicy)speculativerisknot “accidental” orrandom and mayresult in either gain orloss, you cannotprotect yourself fromlosses in a traditionalmanner.insurerThe insurancecompany whoprovidesinsurancecoverage for apolicyholderhazardA condition thatcreates or increasesthe likelihood ofsome loss; forexample, defectivehouse wiring canincrease thelikelihood of a firebeneficiaryA 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 policypropertyriskThe chanceof loss orharm topersonal orreal propertyfaceamountThe amountstated in a lifeinsurancepolicy to bepaid upondeathindemnificationthe process of puttingthe policyholder backin the same financialcondition he or shewas in before theloss occurredinsurableriska pure risk that isfaced by a largenumber of peopleand for which theamount of the losscan be predictedinsuranceagentA professionalinsurancesalesperson who actsfor the insurer innegotiating,servicing, or writingan insurance policyunearnedpremiumThe portion of apaid premium thatthe insurer has notyet earnedbecause the policyterm has notended;personalriskthe chance ofloss involvingyour incomeand standardof living.benefitsSums of money tobe paid for specifictypes of lossesunder the terms ofan insurancepolicycoverageProtectionprovided bythe terms ofan insurancepolicyperilAn event whoseoccurrence cancause a loss; peoplebuy policies forprotection againstsuch perils as a fire,storm, explosion,accident, or robberyeconomicriskrisks due tothe currentstate of theeconomyactuaryA specialistin insurancecalculationsand statisticsinsurableinterestany financial interestin life or propertysuch that, if the life orproperty were lost orharmed, the insuredwould sufferfinancially.actuarialtableA table ofpremium ratesbased onages and lifeexpectanciesstandardpolicyThe contract formthat has beenadopted by manyinsurers, approved bystate insurancedepartments, orprescribed by lawproofof lossThe writtenverification of theamount of a loss thatmust be provided bythe insured to theinsurer before a claimcan be settledcashvalueThe amount ofmoney payable toa policyholderupondiscontinuation ofa life insurancepolicyexclusionsSpecifiedlosses thatthe insurancepolicy doesnot coverliabilityriskthe chance of lossthat may occur whenyour errors or actionsresult in injuries toothers or damages totheir propertyclaimA policyholder’srequest forreimbursement fora loss under theterms of aninsurance policydeductibleThe specified amountof a loss that thepolicyholder paysbefore the insurer isobligated to payanything; the insurancecompany pays only theamount in excess ofthe deductibleinsurancea method forspreading individualrisk among a largegroup of people tomake losses moreaffordable for all.premiumthe fee usuallypaid at regularintervals by theowner of thepolicygraceperiodThe additional timeafter the premiumdue date that theinsurer allows thepolicyholder to makethe payment withoutpenalty (usually 30days)probabilityThe mathematicsof chance, orstatisticallikelihood thatsomething willhappenpureriska chanceof loss withno chancefor gain.

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