1	Peril		_____	One policy that covers multiple properties
2	Hazard		_____	The act of taking property by force
3	Insurable Interest		_____	Personalized section of the policy
4	Offer		_____	Ending the policy at it's expiration date
5	Acceptance		_____	Transfer Liability for one party to another who has the greater ability to pay
6	Moral hazard		_____	Insurers obligation and promise to pay, Effective and Renewal Dates, Description of Coverage, Covered Perils
7	Subrogation		_____	Absolute true statement
8	Negligence		_____	Form to notify the insurer of a potential claim
9	Direct Loss		_____	Material hazards that could cause a loss
10	Named Peril Policy		_____	Someone broke into Dan's house to take his property
11	Open Peril Policy		_____	Temporary contract before the policy kicks in
12	Theft		_____	Stopping the insured from collecting twice but allowing the insurer to go after the responsible third party
13	Burglary		_____	Signed, sworn statement before any payment of a loss is issued
14	Robbery		_____	A settlement process for a disagreement on casualty claims
15	Law of Large Numbers		_____	Something of value in exchange
16	Risk		_____	Maximum amount paid per accident
17	Pure Risk		_____	One policy for one property
18	Speculative Risk		_____	Liability is not paid if the person contributes to their own loss
19	Indemnity		_____	Extra coverage without an additional premium
20	Accident		_____	Insurer accepts the application and issues the policy
21	Occurence		_____	Kerry has a list of covered perils in her policy
22	Blanket Policy		_____	Unplanned or sudden one time event
23	Specific Policy		_____	Conditions that increase a chance of loss
24	Special Damages		_____	Fire burns down a building
25	General Damages		_____	Material Misrepresentation and Intentional
26	ACV		_____	Blood, Business, Family connection to be insured
27	Replacement Cost		_____	Out of pocket expenses
28	Co-Insurance		_____	Gambling, Betting, Investments
29	Consideration		_____	Makes sure each company is paying their portion
30	Represeantation		_____	Sally submits her application to the insurance company
31	Fraud		_____	Protects the consumer from the circulation of inaccurate and obsolete information
32	Binder		_____	Maximum amount paid for bodily injury
33	Declaration		_____	Current price of a property at today's price
34	Additional Coverage		_____	Mary has a history of lying on her application
35	Insuring Agreement		_____	Protects the consumer of nonpublic information to a nonaffiliated third party.
36	Conditions		_____	Ending the policy during the policy term
37	Insured		_____	Failure to act as a reasonable and prudent person
38	Pro-Rata		_____	Chance of loss
39	Notice of Claim		_____	Single amount for BI and PD
40	Proof of Loss		_____	Only a chance of loss
41	Cancellation		_____	Encourage the insured to insure their property to it's fullest value or at least 80%.
42	Non-Renewal		_____	Information on the application that is true to the best of the insured's knowledge
43	Fair Credit Reporting Act		_____	The act of stealing
44	Gram-Leach Bliley		_____	A cause of loss
45	TRIA		_____	A settlement process for a disagreement on property claims
46	Warranty		_____	Liability is paid in proportion to each parties negligence
47	Concealment		_____	Repeated exposure
48	Appraisal		_____	Protects against terrorism acts
49	Arbitration		_____	Anyone covered under a policy whether they are named or not
50	Morale Hazard		_____	Withholding information
51	Physical Hazard		_____	Reimbursement
52	Absolute Liability		_____	Liability is automatically imposed for owning a hazardous item
53	Vicarious Liability		_____	Replacement Cost less than depreciation
54	Comparative Negligence		_____	List of exclusions
55	Contributory Negligence		_____	Indifferent attitude. EX: not locking your doors
56	Per Occurrence		_____	Internal expenses, "feeling" expenses
57	Per Person		_____	The bigger the group the more predictable the loss will be
58	Single Limit		_____	Rules and Procedures