____ means security, protection and compensation given against damage,loss or injury. Insurance is not for making profit.
Indemnity
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5
This is a risk where the outcome of negative events can be measured in financial terms.
Financial Risk
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5
The person requesting insurance must have an insurable/financial interest in what is being covered/insured
Insurable Interest
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thief
Give points!
5
10
15
20
25
magnet
Take 15 points!
Okay!
shark
Other team loses 25 points!
Okay!
banana
Go to last place!
Oops!
5
This term refers to the insurance company (IAG, AMI & State)
Insurer
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10
New Zealand is situated in the ______ on the edge of two tectonic plates. Its location makes it vulnerable to earthquakes, Tsunamis, floods, storms and volcanic eruptions
Pacific Ring of Fire
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15
In 1931, these cities of were devastated by New Zealand's deadliest earthquake. At least 256 people died in the magnitude 7.8 'quake - 161 in _____, 93 in ____ and two in Wairoa. Many thousands required medical treatment.
Napier/Hastings earthquake (1931)
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10
Following heavy rain from the remnants of Cyclone Debbie, the stopbank protecting this city from the Tangitaiki River breached on the morning of 6 April 2017. What city is this?
Edgecumbe
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10
________is usually used to keep certain recipients in the loop, but not necessarily need to respond on the email
CC (Carbon Copy)
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5
_____% of Kiwis have no savings goal
42%
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5
This principle of insurance goes both ways. For the insured, they must provide complete, true information. As for the insurer (company), they must provide all necessary information regarding the policy.
Utmost Good Faith
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5
The act of stealing / taking and removing personal property with intent to deprive the owner of it
Theft
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heart
Other team wins 20 points!
Oops!
gift
Win 10 points!
Okay!
shark
Other team loses 25 points!
Okay!
banana
Go to last place!
Oops!
boom
Lose 50 points!
Oops!
magnet
Take 5 points!
Okay!
gift
Win 20 points!
Okay!
baam
Lose 25 points!
Oops!
5
A _______ is any condition or situation that makes it more likely that a peril will occur.