Sentences with phrase «by the policyholder which»

Policyholders need to understand that insurance policies are individually fashioned according to the information provided by the policyholder which is why anything outside the ambit of the policy is not covered.

Not exact matches

Under English law, which often applies to such policies involving international trade, because insurance contracts are «of the utmost good faith», the policyholder is required to disclose all «material» facts to the insurance company even if no question is asked by the insurance company.

Despite the double - digit hike on the individual exchange, the Cuomo administration touted its vigilance, saying the department reduced insurers» requested 2017 rate increases by more than 28 percent overall, which will save policyholders more than $ 302 million.

We'll use the example of a fire which was negligently caused by the policyholder.

It's the same premise as TRIA, which was recently reauthorized by Congress, designed to keep insurance companies stable for their policyholders while still offering the coverage in a form that people can purchase if they want it.

72 (t) Free Withdrawal RiderAny withdrawal charges and MVA will be waived for the amount which would comply with substantially equal periodic payment requirement to avoid tax penalty for policyholders younger than age 59 1/2, as required by IRS Code 72 (t).

A type of uninsured / underinsured motorist coverage in which policyholders can «stack,» or combine the limits of the uninsured / underinsured motorist coverage they purchase for each of their insured vehicles to help cover the cost of damage from an accident caused by an uninsured or underinsured driver.

However, an option now exists which enable policyholders to receive amounts more than cash surrender value by selling the policy on the life settlement market.

The policyholder can send a request for change of premium payment method, through a policy service request form which should be duly completed and signed by the policy holder.

Even in states that require all riders by law to wear helmets, insurers can not police which policyholders are protecting themselves with a helmet.

Allianz Global Assistance services, which every policyholder can use, are easily accessible by the carrier's TravelSmart app, which is available for both iOS and Android devices.

Underwriters need to consider carefully the information provided by policyholders at inception and be more pro-active in seeking out further information which may be material to the underwriting of the risk.

In a homeowners» fire case, she obtained a significant jury verdict for an insurance company client, including a finding of fraud on the part of the policyholder and a $ 330,000 damages award for her client, a verdict which was affirmed by the Second Circuit Court of Appeals.

The defects in our national law conflict with the superior Community law requirement that the insurance cover afforded to third parties should embrace any use to which the vehicle is put and that the effects of any breach of policy term by the user should be confined to the insurer and its policyholder.

The amount of premium that is owed to an insurer for a policy, but which has not yet been paid by the policyholder.

Life insurance, meanwhile, generates an estate, diminishes the financial uncertainty of passing away too soon, grants the beneficiary a specified amount at death of the policyholder in exchange for a premium which is determined by sex, age, type of insurance, amount of death benefit and health.

This insurer is a mutual insurance company, which means that it is essentially owned by its policyholders.

Claiming that the policyholder would receive bonuses being distributed by IRDAI if they purchase an insurance policy and wait for a few months after which the bonus would be released by IRDAI.

Claim is the policyholder's request for the reimbursement of a loss which is covered by their insurance policy.

This will be a convenient guide by which policyholders can compare other auto insurance coverage.

We'll use the example of a fire which was negligently caused by the policyholder.

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.

The plans are designed in such a manner that from a specific date, which is chosen by the policyholder, the insurance company will pay pensions or annuities regularly till the policyholder is alive.

Policyholders will now be able to claim for Additional Living Expenses incurred during the period of time in which access to the premises is prohibited by Civil Authority / Mass Evacuation Order, subject to the new 30 - day maximum.

* Examples of disclosures permitted by law would include disclosures to organizations, including our affiliated companies, which provide claims administration, underwriting, investigation or policyholder services for us or on our behalf.

Bonus is an extra amount of money additional to the proceeds, which is distributed to a policyholder by an insurer.

Policy Term: The total duration for which the policyholder will be covered by the insurance provider is known as the policy term.

Under this HDFC life term plan, additional coverage can be decreased by the policyholder after attaining 45 years of age, which subsequently lowers future premiums

The expenses related to marketing and services are quite large in number, which are certainly recovered from the premiums paid by the policyholders.

If the life insured dies during the term of this LIC online term plan chosen by him at the starting of the plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy

The policyholder is supposed to service the plan by paying the low amount of designated premiums while the company promises payment of the Sum Assured in the event of death which is the covered eventuality.

Critical - illness riders pay out to the policyholder to cover treatment for certain illnesses specified by the policy, which could include heart attack, cancer, stroke, kidney failure, coma, ALS, AIDS, and other critical conditions that will most likely limit your life expectancy.

The annuity payments will then start immediately from the next frequency which was chosen by the policyholder and will be payable for his entire lifetime.

Bharti AXA Life eProtect is an online term insurance plan which enables the policyholder to secure his future by the click of a mouse.

A good financial plan with returns and life coverage invest the premium as paid by the policyholder in the stock market and gives them returns which are comparatively volatile as they depend on the performance of the stock markets.

But it's also possible reports of $ 0 bronze plans and low - cost silver plans — the result of higher premium tax credits inadvertently created by Trump — lured existing policyholders to the marketplace for some comparison - shopping (in which case auto - enrollment numbers might be lower).

Some insurers appoint a surveyor to decide the IDV of a particular two - wheeler which may cause additional charges borne by the policyholder.

There are two preferences of payment of death benefit under this HDFC child plan which are Save Benefit and Save - n - Gain Benefit and the death benefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying the plan

For example, a policyholder insured by Allstate Indemnity, which is the non-standard company of Allstate Insurance in many states, may think he has a typical Allstate policy.

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.

The company remained a mutual company, meaning it was owned by its policyholders for more than 160 years before demutualizing in 2002 in an attempt to add a more competitive structure in which the company could operate and grow.

Exide Life Mera Ashirvad is a traditional child plan which safeguards the child's future even in the absence of the policyholder by creating a guaranteed corpus

Next in the rating system is the Financial Size Category (FSC), which is indicated by a Roman numeral between I (the lowest), and XV (adjusted policyholder surplus of greater than 2,000); with the indicated numbers being equivalent to perceived value in terms of millions of dollars multiplied by the FSC of the company.

The insurer was also rated «Among the best» overall by the 2014 J.D. Power Homeowners Insurance Study, which surveys existing policyholders on a number of customer satisfaction elements.

For the last decade, carriers and producers have de-emphasized cash accumulation insurance products (which build value that can be accessed by the policyholder or turned into supplemental retirement income) in favor of no - lapse guarantee life products that simply promote cheap premium.

A type of uninsured / underinsured motorist coverage in which policyholders can «stack,» or combine the limits of the uninsured / underinsured motorist coverage they purchase for each of their insured vehicles to help cover the cost of damage from an accident caused by an uninsured or underinsured driver.

The policy offered by Northwestern Mutual is a participating policy, which means that the company shares its profits with policyholders in the form of a dividend payment that is paid to the policy.

Policy The legal document issued by an insurance company to a policyholder, which outlines the conditions and terms of the insurance.

For instance, if a life insurance policyholder dies and her remaining family members are unaware of the existence of the policy, the proceeds should eventually be delivered by the insurer to the state, which can then distribute them.

On the financial side, Nationwide offers policyholders the Vanishing Deductible program, which reduces deductibles by $ 100 for every year customers maintain a safe driver status.