Sentences with phrase «cancelled by an insurer»

If at any time during your policy you stop paying the premium, your policy will be canceled by the insurer.

You never want to have a home insurance policy cancelled by an insurer as things can get very difficult and expensive for you when you attempt to find new coverage.

However, in addition to paying a higher insurance premium, you are now 1 out of 3 claims away from the possibility of having your policy cancelled by the insurer.

In fact, the policy can not be canceled by the insurer, other than for non-payment of the premium.

If at any time during your policy you stop paying the premium, your policy will be canceled by the insurer.

For instance, suppose your policy has been in effect for one month when it is cancelled by your insurer.

The policy can not be canceled by the insurer except for non-payment of premium.

An individual term life policy can be canceled by the insurer only for non-payment of premium.

Regardless of the reason you were dropped or canceled by your insurer, you need to act immediately to get another policy.

This is especially true if your policy is cancelled by your insurer — not having continuous insurance form a single company can be a negative factor in the rating strategies.

If your liability coverage has been canceled by your insurer then you will face a «flag» on the driver's license as well as registration suspension.

If at some point you stop paying on your policy, it will be canceled by your insurer.

In fact, in some cases drivers get cancelled by their insurers when these things happen.

If you have recently had your coverage involuntarily canceled by an insurer for reasons other than not paying your premiums, you may qualify for CoverColorado.

If you have individual life insurance, your coverage can not be cancelled by the insurer — only you — as long as you're paying your premiums.

Not exact matches

The British marine insurer Standard Club is understood to have cancelled the insurance on all ships owned by Femco, a Russian cargo line, amid widespread suspicion it planned to break the EU sanctions against the Middle East regime.

GINA Becomes Genuine By late May, President George W. Bush was expected to have signed into law the Genetic Information Nondiscrimination Act (GINA), which will prohibit health insurers from canceling or denying coverage or hiking premiums based on a genetic predisposition to a specific disease.

The House today passed a measure by a whopping 414 - to - 1 margin that would prohibit health insurers from canceling or denying coverage or hiking premiums based on a genetic predisposition to a specific disease.

«[E] ach policy of aircraft accident liability insurance... shall specify that it shall remain in force, and may not be replaced, canceled, withdrawn, or in any way modified to reduce the minimum standards set forth in this part, or to change the extent of coverage by the insurer or the carrier, nor expire by its own terms in regard to coverage for the carrier in its common carrier operations in air transportation, until 10 days after written notice by the insurer (in the event of replacement, by the retiring insurer), or by the insurer's representative, or by the carrier to the Department... which 10 - day notice period shall start to run from the date such notice is actually received at the Department.»

The following are just some of the cancellation fees charged by insurers if you cancel cover outside the 14 - day «cooling - off period» and if you've not made any claims during the current year.

(e) fees paid by the insurer that are referred to in paragraph 8 of subsection 24 (1) if the insured person fails, without a reasonable explanation, to attend a designated assessment that has been arranged, or cancels a designated assessment without providing such notice as may be specified in the Pre-assessment Cancellation Fee Schedule established by the committee referred to in section 52, as it may be amended from time to time, that he or she will not be attending the designated assessment.

Specifically, that provision of the statute requires an insurer that cancels coverage for non-payment to ensure notice is received by the named insured at least 10 days prior to the effective date of cancellation.

You can cancel your funeral insurance policy at any time after the cooling off period by contacting your insurer.

As per the IRDAI rules and regulations, you have the right to cancel your insurance policy within 15 (fifteen) days from the date of (online) receipt of insurance policy (referred to as «Free look period») and refund of your premium amount shall be processed as per the applicable process and procedures followed by the insurer.

The free look period is provided by the insurer during which the life insured can cancel the policy if he / she is dissatisfied with the policy's terms and conditions.

Free Look Period - If you are not pleased with the conditions set by the insurer, you are free to cancel their policy, provided your policy is still within the free look period (first 15 days of the policy) and you have not filed any claim yet.

If you are not pleased with the conditions set by the insurer, you are free to cancel their policy, provided your policy is still within the free look period (first 15 days of the policy) and you have not filed any claim yet.

If an insurer takes an adverse action by denying, canceling, increasing a consumer's premium or decreasing a consumer's coverage or amount of insurance based on the consumer's credit information, the insurer must provide the consumer with a phone number for their consumer reporting agency and notify the consumer of their right to a free copy of their credit report.

If your policy lapses or is canceled at any time during the mandatory SR22 filing period, three years in most states, your insurer is required by law to notify the DMV so your driving privileges can again be revoked or suspended.

Since the state of Georgia has this system in place, they will soon find out if you cancel your auto insurance policy or if it is terminated by the insurer.

The first named insured may cancel the policy at any time by mailing or delivering written notice to the insurer.

If your policy was canceled for non-payment of premiums in 2017 and you re-enroll with the same insurer (or another insurer owned by the same parent company) during open enrollment, the insurer will be able to require you to pay your past - due premiums before effectuating your new coverage.

The standard cancellation clause states that the policy may be cancelled by either of two parties: the first named insured or the insurer.

You can be confident that no matter why you are late, the insurance company must give you 30 days, by law, to bring the account current before the insurer can cancel the policy for non-payment.

This is not the same as cancelling or surrendering the policy through the issuing insurer — and in many cases, the amount of cash that is received by the policy holder can be up to four times higher than what is in the cash value component.

A 15 days free look period is provided by the insurer from the date of policy issued under which the insured can cancel the policy if he / she is dissatisfied with the policy terms and conditions.

Free Look Period: If the insured has not made any claim then he / she can cancel the policy within the free look period of 15 days.The free look period is provided by the insurer during which the life insured can cancel the policy if he / she is dissatisfied with the policy's terms and conditions.

Many variations of trade credit insurance have evolved ranging from coverage that can be canceled or reduced at an insurers discretion, to coverage that can not be canceled or reduced by the insurer during the policy period.

Redemption: When units are cancelled and they are encashed at the prevailing unit price offered by life insurer.

Keep your policies healthy by not letting your insurer to just cancel them.

Similarly, if you apply for Physical Damage coverage (Comprehensive and Collision) but don't bring your car in for a visual inspection by an insurance representative within 30 days of receiving a policy, your assigned insurer can cancel your coverage.

According to the Maine Bureau of Insurance, «During the first 90 days of a new policy, an insurer may decide to cancel a policy for any reason that is not otherwise prohibited by Maine law.

When a policy is cancelled within this period, the insured gets a full refund of the premium paid less any proportionate risk premium for the period on cover, expenses incurred by the insurer on medical examination and stamp duty charges.

If the claim is made by the policy holder himself then the insurer will ask for a cancelled cheque and Policy bond.