| A | B |
|---|
| Actuary | An insurance employee who calculates premiums and risks based upon historical data. |
| Risk | The PRODUCT of the likelihood of a loss AND the value of the loss. |
| Liability | Something owed to another. |
| Make Whole | Full compensation to the insured for the loss suffered. |
| Premium | Periodic payments made to the Insurer for insurance coverage |
| Collision | Auto insurance to compensate for losses due to a collision. |
| Comprehensive | Auto insurance to compensate for losses NOT due to a collision. |
| Uninsured Motorist | Insurance coverage for losses from a driver who does not have insurance. |
