Terms to know

Question 1

termination of a policy prior to the expiration date

Answer 1

cancellation

Question 2

termination of a policy at itx expiration date

Answer 2

nonrenewal

Question 3

the maximum amount an insured may collect

Answer 3

policy limits (limitations)

Question 4

policy territory- location where coverage is provided

Answer 4

policy territory

Question 5

right and obligations withing the contract

Answer 5

provisions