Sentences with phrase «by policyholders who»

This type of exclusion is commonly used by policyholders who live with someone who has a poor driving record and would significantly raise the premium.

Mutual companies are actually owned by the policyholders who are considered shareholders and can receive dividend payment distributions and may not be penalized by an increase in premium due to losses.

Not exact matches

Notably, most cyber liability policies only respond by covering third - party damages or damages affecting someone who is not the policyholder.

Every New Yorker who pays for home, auto or business insurance would foot the bill: In the event of PRI's demise, its unpaid claims would be paid by the state's insurance company guaranty fund, with the cost ultimately passed on to policyholders statewide.

But a policyholder who operates a daycare out of their home will likely be required by their homeowners insurance company to purchase an endorsement or a separate commercial policy.

As dividends are treated as a return of premium by the IRS, they are not taxable to the policyholders who receive them.

Stock life insurance companies, on the other hand, are owned by their stockholders, who vote for the officers of the company, rather than by their policyholders.

Mutual insurance companies are not owned by shareholders but rather by the participating policyholders, who share in the ownership rights of the company, as well as take part in the company's profits through dividends.

Wrongfully assuming a specific peril is covered by a renters insurance policy could be devastating to the policyholder and whoever else who else might depend on that coverage.

7) As I suggested regarding ACA Capital Holdings, they ended up owned by their policyholders, who get an equitable interest in the assets of the company, though not enough to settle their claims.

Dividends are a portion of the life insurance company's profits that is paid to policyholders who, by purchasing life insurance, are investing in the life insurance company's growth.

Uninsured and underinsured motorist accident attorney J. Todd Tenge, serving Boulder, Denver, and Fort Collins, will fight against insurers who unfairly reject, ignore, delay, or undervalue claims from policyholders who have been injured by motorists with little or no insurance.

Policyholders can refuse uninsured motorist coverage in writing, but it is wise not to refuse this coverage because uninsured motorist insurance coverage offers protection to the individual who is injured by the negligence of an uninsured driver.

We see this occur with policyholders who are injured in a motor vehicle accident — and even hit by an uninsured or underinsured motorist — and are unfairly denied reimbursement and reasonable compensation.

The class action lawsuit was brought by millions of policyholders who claimed State Farm had violated their insurance policies and consumer protection laws by offering inferior parts to repair their cars.

There will be a set of authorized banks that can make electronic transaction to insurance company; the policyholder who has an account with such banks that are authorized by insurance company can make his payment through net banking.

In India, the word term insurance refers to a policy that provides financial cover by assuring an amount for the life of a person who is the policyholder during a specified interval of his life (called the term).

On the other hand, Schreier tells us that policyholders who are already on vacation in an area affected by a hurricane may require trip interruption or evacuation benefits.

By being proactive policyholders who have fallen behind in their monthly premium payments may be able to preserve their coverage and keep their life insurance coverage from lapsing.

Schreier says APRIL Travel Protection policyholders who are preparing to travel to a destination that is hit by a hurricane may be eligible for trip cancellation benefits if they are unable to proceed with their travel plans.

Companies set premiums by using rating classifications that are developed by determining the risk of insuring potential policyholders who fall into...

«TWIA has mobilized over 1,000 field adjusters as well as additional claims and call center staff who are ready to assist TWIA policyholders affected by Hurricane Harvey,» Anna Stafford, spokesperson for the association, said in an email.

Safe driver discounts are offered by some insurance companies to policyholders who complete the GoToTrafficSchool.com Ronceverte West Virginia online defensive driving school.

Personal health insurance can only cover the injuries obtained by the policyholder as well as certain dependents, but in terms of underinsured motorist coverage, it covers all the passengers involved in a vehicle, including those who are not included in the coverage of the driver's medical insurance.

A form of insurance by which an insurance company pays for a policyholder's financial loss resulting from an automobile accident without concern for who was at fault.

A policyholder who is not properly guided by the existing life insurance company has the right to exercise the restoration of the existing policy within seven days from the receipt of the new one.

This option is toted as «fast, easy, and convenient for policyholders who prefer to pay online» by SGI insurance representatives.

The rider states that if the parent who is the policyholder and life insured under the plan dies during the tenure of the plan, all future premiums payable under the plan will be waived and paid for by the company.

If the policyholder chooses the Save Benefit under any of the plan option, then on death or critical illness, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and paid for by the company and the plan continues.

Uninsured motorists coverage protects you, the policyholder, in the event that you are injured by a hit - and - run driver or a driver who does not have auto insurance.

For those who applied for an automatic extension, no penalties will be charged if the policyholder paid about 90 % of their tax liability on the due date and the remaining amount by the extension date.

A policyholder who is not properly informed by the current life insurance company has the liberty to exercise the restoration of the existing policy within seven days from the receipt of the new one.

The portals, which promise savings by showing consumers many price quotes so they do not have to shop site by site, are putting pressure on insurance agents, who typically collect 10 percent or more of their policyholders» payments.

For those who may wish to have permanent life insurance coverage in the future, the Lincoln TermAccel policy may be converted over into a permanent life insurance policy if the policyholder moves forward with such a conversion by the end of the term's coverage or by age 70 (whichever occurs first).

Individuals related (by blood or otherwise) to a policyholder who have substantial economic interest in the continued well being of said policyholder.

Those policyholders who present a lower risk to the company, generally by being in good health and demonstrating that they likely won't require an insurance payout, get treated to the lowest rates.

If a loss occurs, the clause penalizes policyholders who have underinsured their property by forcing them to become «coinsurers.»

July 12, 2012 - Thousands of homeowners policyholders with Allstate in South Carolina could have their policies dropped by the insurer, which is sending notices to customers who have homes over 10 years old, have policies worth less than $ 220,000 and do not have...

Like any variable life policy, variable survivorship life insurance has a cash value component in which a portion of each premium payment is set aside to be invested by the policyholder, who bears all investment risk.

Safe driver discounts are offered by some insurance companies to policyholders who complete the GoToTrafficSchool.com Mesquite Nevada online defensive driving school.

Although the requirements differ by state, Uninsured / Underinsured Motorist coverage pays for medical expenses, lost wages, property damage, and other general damages when policyholders or passengers are injured in an accident caused by a driver who does not have car insurance or has insufficient coverage.

Known within the auto insurance industry and investigatory agencies, «price optimization» is a practice by which insurers use a high - tech data - mining tool to identify loyal policyholders who are potentially the least likely to shop for a new insurance carrier — then charge them more for that loyalty.

Being a mutual insurance company means that Lafayette Life is owned by participating policyholders, who share in the ownership rights of the company, as well as take part in the company's profits through dividends.

Mutual companies are not owned by shareholders but rather by the participating policyholders, who share in the company's profits through dividends.

Person (s) who will be authorized by the policy holder to enjoy the benefits of the policy in case of the death of the policyholder or owner of the policy.

Agent - An insurance company representative licensed by the state who solicits and negotiates contracts of insurance, and provides service to the policyholder for the insurer.

Mutual insurance companies are not owned by shareholders but rather by the participating policyholders, who share in the ownership rights of the company, as well as take part in the company's profits through dividends.

«Preferred Rate» is a lower premium rate offered to the policyholder who is deemed healthy through medical checkups and tests as requested by the insurance company and not applicable in case you buy health insurance without medical tests.

Mrs Sharma is surprised to know about portability through a friend who describes it as a provision implemented by IRDA that allows the policyholder to switch over to a new insurance service provider under the same terms those exist under the present policy.

In deferred annuity, money is invested for some period before payments are made.It can be chosen by individuals who are working and still have some years of work before retirement.It may also come with a «life cover» which implies that in case of death of the policyholder, a lump sum amount is paid to the nominee.