Sentences with phrase «company on behalf of the policyholder»
The remaining premiums are paid by the insurance company on behalf of the policyholder.
https://www.policybazaar.com/ Not exact matches
The action was brought on behalf of a class of people defined as follows: The action relates to a transaction whereby $ 40,000,000 was taken from the participating policyholders» account of GWLAC and used towards the financing of the acquisition of London Insurance Group Inc. (the parent company of London Life Insurance Company) by GWLAC and company of London Life Insurance Company) by GWLAC and Company) by GWLAC and Lifeco.
Our litigation lawyers have a well - earned reputation for successfully resolving insurance coverage and liability disputes on behalf of policyholders, brokers and insurance companies alike.
Two former London Life actuaries, Bill Rudd and Jay Jeffery, and John McKittrick, a Great - West policyholder, sued on behalf of 1.8 million people, accusing the companies of illegally using their funds to help pay for the $ 2.9 - billion acquisition.
* 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.
The company may manage, promote and hold the assets on behalf of the policyholders.
All the remaining premiums are waived off & the company continues to invest money on behalf of the policyholder.
It means, even if your insurance company wants to close down its business or moves out of the country, RBI can repay policyholders from the security deposit amount on behalf of the insurance company.
A child insurance plan has certain feature that make it an ideal choice for parents.So if the policyholder dies, all the future premiums are waived.Also, in the case of this eventuality, the company not only offers a lump sum but also continues investing the money on behalf of the deceased.
The policyholder may choose to invest in any of the fund himself or ask the company to do the investments on his behalf where the last 3 funds are chosen by the company
In such cases, on behalf of the policyholder, the insurance companies provides financial aid to develop child's future.
As explained above, first the company pays at the time of death of the policy holder and because of its Waiver of Premium (WOP) feature it continues to invest in the fund on the behalf of the policyholder.
In these policies, the insurance company utilizes a portion of the premium to meet administrative expenses and fund the death benefit, and it invests the remaining premium on behalf of the policyholder.
A certain amount of the premiums paid for the insurance coverage is invested on the policyholder's behalf by the insurance company.