The insurance company takes a microscopic look into each cost and only approves the amounts found reasonable and justified enough to be
approved under the terms of the policy.
Not exact matches
These features
of PBO programs mean that, after reviewing and
approving a program for the purpose
of our special
policy terms, LawPRO has confidence that claims risks associated with work done
under the program are appropriately managed.
In the event
of a claim flowing from services delivered
under a LawPRO -
approved PBO program, LawPRO waives the deductible that would otherwise be applied according to the
terms of the lawyer's
policy.
Once your application is
approved and placed in force, the life insurance company may not cancel your
policy and must honor the
terms and conditions
under which the
policy was issued, regardless
of any changes in your health.