Sentences with phrase «coverage of financial responsibilities»

Because term life insurance is a pure death benefit, its primary use is to provide coverage of financial responsibilities for the insured or his or her beneficiaries.

Not exact matches

Governor Andrew M. Cuomo announced on Monday, April 25, 2016, that the Department of Financial Services has issued guidance to inform health insurers of their responsibility to provide health insurance coverage for maternal depression screenings.

The Department of Financial Services has issued guidance to inform health insurers of their responsibility to provide health insurance coverage for maternal depression screenings.

Whenever any civil action has been brought against any officer of the Florida College System institution board of trustees, including a board member, or any person employed by or agent of the Florida College System institution board of trustees, of any Florida College System institution for any act or omission arising out of and in the course of the performance of his or her duties and responsibilities, the Florida College System institution board of trustees may defray all costs of defending such action, including reasonable attorney's fees and expenses together with costs of appeal, if any, and may save harmless and protect such person from any financial loss resulting therefrom; and the Florida College System institution board of trustees may be self - insured, to enter into risk management programs, or to purchase insurance for whatever coverage it may choose, or to have any combination thereof, to cover all such losses and expenses.

This article highlights seven examples of life changing events when you should re-evaluate your life insurance coverage to ensure you still have adequate coverage to meet financial responsibilities.

Increasing your liability coverage can keep financial responsibility in the hands of your Durham insurance provider and out of yours.

If you're looking to instill a foundation of financial responsibility for your child, get coverage with a policy that's guaranteed for life.

The Florida Financial Responsibility Law, requires every driver to have full liability insurance coverage in the event of a crash.

This (subject to terms and conditions of coverage) means a motor vehicle without liability insurance or a motor vehicle not otherwise in compliance with the state's minimum financial responsibility requirements or other applicable requirements under another state's law.

The responsibility of the insurance company to provide financial coverage for the conduct that led to an injury usually is clear and is usually not at issue in a personal injury lawsuit.

Even though insurance companies provide financial coverage for damaged property, it's far too common for these companies to downplay the severity of the damage or to deny responsibility altogether.

In general, Covina renters must assume more of the financial responsibility for earthquake coverage.

Residents of the Badger State who choose to purchase a policy in order to satisfy Wisconsin's Financial Responsibility law are required to acquire quite a bit of coverage.

Nearly every state in the Union requires that motorists carry minimum levels of auto insurance coverage (or the equivalent in financial responsibility waivers) in order to ensure that its drivers can cover the cost of damages to people or property in the event of an automobile accident.

Before you request an auto insurance quote, familiarize yourself with Alabama auto insurance requirements so you can get the coverage you need to meet the financial responsibility requirements of the state.

That being said, if you still have children who are not out of the house, a mortgage, or other financial responsibilities, term life insurance coverage will be the best bang for your buck.

Failure to show proof of at least the minimum coverage requirements is a violation of the state's financial responsibility laws.

If you want to drive in Pennsylvania, you'll need to maintain financial responsibility, typically in the form of auto insurance coverage, for as long as a vehicle is registered in your name.

Anyone who chooses to be insured in order to fulfill their financial responsibility obligations has to carry three types of coverage at a minimum on their policies.

Florida does not require bodily injury liability, New Hampshire and Wisconsin only require proof of financial responsibility along with underinsured / uninsured motorist coverage, while Tennessee only requires proof of financial responsibility.

All states require either insurance or a proof of financial responsibility, and in most, coverage for bodily injury and property damage liability is mandatory.

This article highlights seven examples of life changing events when you should re-evaluate your life insurance coverage to ensure you still have adequate coverage to meet financial responsibilities.

Auto insurance law in New Mexico mandates that drivers must maintain financial responsibility by purchasing coverage in two different types of auto insurance policy.

For the purpose of this section, an «uninsured motor vehicle» shall be a motor vehicle as to which there is no bodily injury liability insurance and property damage liability insurance in at least the amounts specified in subsection (c) of G.S. 20 - 279.5, or there is that insurance but the insurance company writing the insurance denies coverage thereunder, or has become bankrupt, or there is no bond or deposit of money or securities as provided in G.S. 20 - 279.24 or 20 - 279.25 in lieu of the bodily injury and property damage liability insurance, or the owner of the motor vehicle has not qualified as a self - insurer under the provisions of G.S. 20 - 279.33, or a vehicle that is not subject to the provisions of the Motor Vehicle Safety and Financial Responsibility Act; but the term «uninsured motor vehicle» shall not include:

It can provide coverage for financial responsibilities and loss of income should the unthinkable happen.

Your liability coverage is the most fundamental part of the whole Wheat Ridge auto insurance package, because for a relatively small cost, it provides you with protection from personal financial responsibility if you get into an accident and you are found to be at fault.

Presenting evidence of financial responsibility may possibly be asked for supplementary insurance information such as an identification card or any important document from your insurance company, an authorization letter, if you are self - insured or a depositor, a copy of the insurance certificate for the coverage of the policy and proof of whether the vehicle is rented or privately owned by an individual.

If the insurance company listed on the crash report has denied coverage, obtain a written letter of denial and attach to the report when mailing to the Bureau of Financial Responsibility.

The whole idea behind requiring this type of coverage in almost every state in the nation including ours is to promote financial responsibility and reduce the number of accidents that lead to expensive litigation.

The Florida Financial Responsibility Law requires that any person at fault in a crash resulting in bodily injury and property damage to others must have in effect at the time of the crash full liability insurance coverage.

The Florida Financial Responsibility Law requires that any person at fault in a crash resulting in bodily injury and property damage to others must provide financial coverage of at least $ 10,000 per person and $ 20,000 per Financial Responsibility Law requires that any person at fault in a crash resulting in bodily injury and property damage to others must provide financial coverage of at least $ 10,000 per person and $ 20,000 per financial coverage of at least $ 10,000 per person and $ 20,000 per accident.

Every state has some form of mandate requiring drivers to carry a type of vehicle coverage and / or show financial responsibility in the event of an accident.

Uninsured motorist coverage protects you from drivers without the proper coverage that cause you to be involved in a car accident as well as protection from financial responsibility if you are the victim of a hit and run accident.

Missouri's Motor Vehicle Financial Responsibility Law mandates all drivers to carry auto insurance with the stated minimum coverage and limits for liability of $ 25k / $ 50k / $ 10k and uninsured motorist of $ 25k / $ 50k.

In New Hampshire, drivers must prove financial responsibility in lieu of carrying liability coverage.

Choices typically include packages that offer only the minimum insurance required by your state, basic coverage aimed at those with limited income, higher levels of financial protection for those with more substantial responsibilities and the option to customize your insurance package.

Term life insurance is often considered to be the appropriate coverage when a financial responsibility exists for a specific period of time.

Most states require minimum limits of this coverage to demonstrate your financial responsibility on the road, but consumers can pay more and opt for greater coverage.

While there are other methods of proving financial responsibility, the easiest method is to purchase coverage from an insurance company.

Please note that fees for services not covered under a benefit plan, and fees in excess of the coverage provided under a benefit plan, will be the financial responsibility of the policyholder.

There are some alternatives to purchasing liability coverage that will allow you to remain in compliance with the financial responsibility laws of South Dakota.

In addition, if you choose to purchase automobile insurance to prove your financial responsibility according to the law in VA, your policy must also contain uninsured / underinsured motorist coverage, though there are no minimal amounts of this insurance required by the state.

The type of life insurance you need depends on your budget, your financial responsibilities, and what your goals are with acquiring life insurance coverage.

A lot of insurance providers offer liability insurance with a total coverage equivalent to the minimum financial responsibility mandated by law.

It may be the law to have car insurance or some other form of financial responsibility, but many drivers go without coverage.

SR - 22 is actually an addendum to the minimum liability coverage your state already requires and is not, in fact, an insurance policy but just the form that your insurance provider submits on your behalf as proof of your financial responsibility.

Increasing your liability coverage can keep financial responsibility in the hands of your Durham insurance provider and out of yours.

«Term» refers to the coverage that lasts for a specific amount of time usually between 10 to 30 - years to either take care of temporary financial responsibilities or provide affordable coverage while your situation gets better.

We want to raise awareness of life insurance as a necessity in every household by creating a way everyone can understand, afford and attain the right life insurance coverage to protect their financial responsibilities.

The state is notified whenever a driver's insurance status changes, and the driver must then provide proof of coverage or some other form of financial responsibility.