Sentences with phrase «by applicants for insurance»

The contestability period protects the insurance company from fraudulent and misleading statements made by applicants for insurance.

Not exact matches

The New York Insurance Law defines a «misrepresentation» as a false statement «as to past or present fact, made to the [insurance company] by, or by the authority of, the applicant for insurance or the prospective insured, at or before the making of the insurance contract as an inducement to the making thereoInsurance Law defines a «misrepresentation» as a false statement «as to past or present fact, made to the [insurance company] by, or by the authority of, the applicant for insurance or the prospective insured, at or before the making of the insurance contract as an inducement to the making thereoinsurance company] by, or by the authority of, the applicant for insurance or the prospective insured, at or before the making of the insurance contract as an inducement to the making thereoinsurance or the prospective insured, at or before the making of the insurance contract as an inducement to the making thereoinsurance contract as an inducement to the making thereof.»

Genetic tests could be performed only for research or medical reasons, ruling out their use by employers or insurance companies to screen applicants.

Populaire (R for sexuality) French farce, set in 1958, about an applicant (Deborah Francois) for a secretarial position at an insurance company who is informed by her prospective employer (Romain Duris) that she'll have to win a speed typing competition in order to land the job.

Applicants for life insurance usually have to have a physical check - up by a doctor chosen by the insurance company.

Preferred Rating Class: One of the best premium rate classes available on life insurance policies for applicants that are determined by underwriting to be in better than average health.

Rebating: The act of giving something of value to an applicant by the agent / broker in return for purchasing a life insurance policy (e.g. sharing commissions).

Insurability: General acceptability by an insurance company of an applicant for insurance based on underwriting review, which may include items such as the applicant's current health status, medical history and driving record among others.

Evidence of Insurability: Factual information used by insurance companies to determine an applicant «ss qualification for insurance.

By forgoing it, applicants pay more — maybe more than for a term life insurance policy.

The damages sought by the applicant were for lost wages from the termination date (May 16, 2011) to the baby's due date (December 2011), and for lost EI (Employment Insurance) parental and maternity benefits until December 2012.

Transmission of applicant or employee health information by the employer's management to the group health plan may be permitted under the ADA standards as the use of medical information for insurance purposes.

These include applicants who are in good health and who may be able to qualify for a preferred premium rate, to those who have severe health conditions — and who may even be considered as uninsurable by other life insurance companies.

As the name suggests, there is no medical examination that is required by applicants for no medical exam life insurance coverage — and, there are also various no medical exam plans that will not ask for health information on the application.

Preferred Plus Rating Class: The best premium rate class available on life insurance policies for applicants that are determined by underwriting to be in better than average health.

Applicants who are not part of the categories identified above and would like to have their plan or policy recognized as minimum essential coverage, should use the process outlined in sub-regulatory guidance issued by the Center for Consumer Information and Insurance Oversight (CCIIO).

HIV Consent Form: A required form completed by the applicant and submitted with the application for insurance.

Standard Plus Rating Class: The premium rate class available on life insurance policies for applicants that are determined by underwriting to be of slightly better than average health.

Rebating: The act of giving something of value to an applicant by the agent / broker in return for purchasing a life insurance policy (e.g. sharing commissions).

For example, final expense life insurance is most often purchased by those who are between the age of 50 and 80 years old — and there are some insurance carriers that may offer final expense insurance to applicants who are older.

Evidence of Insurability: Factual information used by insurance companies to determine an applicant «ss qualification for insurance.

Underwriting: The process by which a life insurance company evaluates applicants for insurance based on a set of guidelines.

Standard Rating Class: The premium rate class available on life insurance policies for applicants that are determined by underwriting to be of average health.

Applicants for life insurance usually have to have a physical check - up by a doctor chosen by the insurance company.

Some insurance companies allow one application for multiple children by listing the eldest child as the primary applicant.

This flat extra compensates the insurance company for the added risk it is taking on by approving the applicant.

Many things about life insurance can be modified by the applicant to attempt to get their premiums within a range they are looking for.

Applicants with disabilities can request special arrangements for their insurance exam by contacting PSI by phone at 1-800-733-9267

Note that not everyone is eligible for a no - medical exam term life insurance policy; applicants may be limited by their desired coverage amounts or term lengths, and people in poor health may still be subjected to a medical exam.

When obtaining quotes for a life insurance policy, premiums are typically set in large part by an applicant's «risk class.»

Evidence of Insurability: Factual information used by insurance companies to determine an applicant's qualification for insurance.

Insurance applicants will be assigned a rating for their premium which is reflected by their general health and lifestyle.

By understanding how life insurance companies arrive at their premiums, applicants can get the most coverage for their money and still provide their loved ones with the protection they need and deserve.

In some cases, an applicant who is able to lower his or her risk, for instance by ceasing the risky activity or lowering their blood pressure, may even be able to re-apply for standard life insurance coverage at a future time.

If you are considering applying for a term life insurance policy, this article will prevent you from making the # 1 mistake made by many applicants each day.

With a process called accelerated underwriting used by some companies, young and healthy applicants can qualify for up to $ 1 million of term life insurance without a medical exam and get a policy within minutes of applying online.

Conventional methods [7] for determining costs of motor vehicle insurance involve gathering relevant historical data from a personal interview with, or a written application completed by, the applicant for the insurance and by referencing the applicant's public motor vehicle driving record that is maintained by a governmental agency, such as a Bureau of Motor Vehicles.

Because most applicants who are 37 - years - of - age are healthy, their health status typically allows them to easily opt for an affordable 20 to 30 - year term life policy that is seen as a low - risk by the insurance companies.

These are life insurance policies that will require that the insurance applicant take a medical exam (paid for by the insurance carrier).

The reason for this is so that the insurance company can protect itself financially from applicants who are typically riskier than those who are covered by a medically underwritten policy.

During this initial 2 year period, all insurance companies will investigate death claims for fraud and misleading statements made by deceased applicants.

Nearly any type of major illness suffered by an applicant for life insurance will raise his or her risk factor, and therefore lessen their insurability in the eyes of life insurance companies.

A study conducted by the American Association for Long - Term Care Insurance in 2008 revealed the percentage of applicants who qualify for good health discounts.

Compare Rates from Multiple Insurers — Each insurer has their own approach to rating life insurance applicants for coverage, so rates do vary by insurance carrier.

- Inexpensive (see life insurance rates by age)- Easy to qualify for, and - Will provide applicants with the most options to choose from.

It can be very helpful for people whose driving record is not spotless to work with an independent insurance agent who already knows which insurance vendors tend to be more lenient when it comes to having their rates influenced by an applicant's driving history.

The old account is flagged for cancellation after they the applicant does not respond to the new statement sent by the insurance company and this event goes on the person's record.

Motor vehicle reports generally cost the carrier up to $ 15 per applicant so you will have to wait until your report is returned by your state Motor Vehicle Department before you will get the final rate for your life insurance policy.

A table rating is like a rate surcharge used by the insurer when the applicant does not qualify for standard insurance rates.

Therefore, once the premium has been paid by the applicant, he or she will be guaranteed for approval and will have life insurance coverage.