Sentences with phrase «incurred by the insurance company»

In the case of an oil spill cleanup, the costs are likely to be directly incurred by an insurance company, but the premiums paid for that insurance come at the expense of the value of the oil transportation service — the higher the expected clean - up costs from oil spills, the higher insurance premiums will be, and this will mean higher pipeline tolls, which in turn implies lower profits, taxes, and royalties on the products shipped.

Even though much of Lyme disease treatment is denied health insurance benefits, in the end the cost incurred by insurance companies are higher since many late stage Chronic Lyme victims later require treatment by multiple physician specialist.

Policy Fee: A charge for policy administration expenses incurred by the insurance company.

Essentially, persons who suffer a minor injury are only entitled to receive the sum of $ 3,500 for medical and rehabilitation benefits, inclusive of all fees and expenses that are incurred by their insurance company for medical assessments and examinations the usual purpose of which is to serve as a foundation to deny a claim for services made by the injured person!

If the policyholder cancels the policy before the end of the surrender period, it is not likely the policyholder will receive any amount of the cash value because these costs are incurred by the insurance company to set up the policy.

Suppose claim occurs for Rs 3 lac in that case 1 lac rupees will be incurred by insured and Rs 2 lac will be incurred by insurance company.

Policy Fee: A charge for policy administration expenses incurred by the insurance company.

Policy Administration Charges: These charges are deducted on a monthly basis by cancelling units to recover the expenses incurred by the insurance company in servicing and maintaining the policy like paperwork, cost of sending reminder notices, issuing ulip statements on a regular basis, etc..

These charges are deducted on account of the initial expenses (such as cost of underwriting, medicals & expenses related to the intermediary's commission, etc.) incurred by the insurance company in issuing the policy.

In such a case the Policy would then be cancelled and the premium paid by the client would be refunded to him, after deducting: proportionate risk premium for the period on cover, expenses incurred by the Insurance Company on medical examination of the client and stamp duty charges.

Not exact matches

Reinsurers help mitigate losses to insurance companies by agreeing to take on some of the risk an insurer might incur after the primary insurer has incurred a preset loss level.

One more related tip, if you haven't done so already: Make sure any earnings or benefits owed to your wife's estate by the company (or their insurance plans) have been paid out, such as regular pay for the final pay period worked, quarterly profit sharing (if applicable), accrued but untaken vacation time (usually there is some), not - yet - reimbursed employment expenses (check her credit card statements, if she typically incurred work expenses), etc..

In turn, the insurance company will calculate how much they believe you will need to cover the damage and any other costs incurred by you.

Benefit claims will be paid by your insurance company to help you pay for expenses incurred for caregivers, medical costs, housekeeping, and funerals.

Insurance companies measure the severity of your injuries by the type of injuries you sustained, the amount of your medical bills you incurred, and the length of your recovery time.

While this may seem like plenty of time, building a strong case against manufacturers, airlines and insurance companies often requires intensive investigation of the incident, the damages incurred by the plaintiff, and complex Florida aircraft law.

The personal injury attorney can then put that information together in a «demand package» or «settlement brochure» explaining to the insurance company the fault for the collision and fully explaining the damages incurred by you.

Earned premium naturally means that the insurance company did not have to pay claims to the policy holder for the elapsed time period since a payout on the policy would inevitably mean reducing the portion of the earned premium equal to the loss incurred by the policy holder and at times even resulting in loss for the insurance company as they might have to pay out more for the loss than the amount they have earned.

J. RETURN OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Person.

In 2015, over 48 million dollars in losses were incurred by auto insurance companies in the U.S. as the result of physical damage to private passenger automobiles, according to the recently released Auto Insurance Database report from the National Association of Insurance Commissioinsurance companies in the U.S. as the result of physical damage to private passenger automobiles, according to the recently released Auto Insurance Database report from the National Association of Insurance CommissioInsurance Database report from the National Association of Insurance CommissioInsurance Commission (NAIC).

Incurred claim ratio — The total amount spent on claims to the total amount earned as a premium by the insurance company in a financial year.

To protect a business in the event of the death of a key employee, Key Person Insurance, payable to the company provides the owners with the financial flexibility needed to either hire a replacement or replace the financial loss incurred by the business.

Under emergency medical expenses, charges incurred on ambulance services (to and from the hospital) are covered by insurance company.

These commissions (as well as every other expense the life insurance company incurs by insuring you) is already baked into the cost of your policy (your premium).

Travel insurance is offered by a number of companies, However, The various overseas travel insurance plans offered by Star health are unique in their nature and each plan comes with a special value added benefit to it, thereby, taking care of all the sudden expenses that can be incurred during travel.Travel insurance by star health comes in a lot of variants.

Please note that it is an insured person's sole and exclusive responsibility to determine the insurance requirements applicable to them, and the Company and the administrator shall have no liability whatsoever, including for any penalties a person may incur, for failure to obtain coverage required by any applicable law including, without limitation, PPACA.

The missing income combined with the debts incurred by the mortgage, car and credit card payments as well as the funeral itself represents a terrible financial burden on the family that is only compounded by the idea that the insurance company will not pay due to the means of the death.

The National Insurance Company Ltd has been directed by a consumer forum here to pay Rs 2.75 lakh to a policy holder for rejecting his claim seeking reimbursement of expenses incurred on his mother's knee replacement surgery.

The user can legally held the organization responsible for any accidents incurred by him on the road while manning the organizations vehicle & would legally claim liability from the company providing insurance to that particular organization.

In the event of a covered loss, the insurance company pays for the financial losses the business incurs up to the limit of the policy after the deductible amount is paid by the business filing a claim.

K. RETURN OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Person.

H. EMERGENCY MEDICAL EVACUATION BENEFIT — Subject to the applicable Maximum Limit set forth in the Schedule of Benefits / Limits set forth in Section C, above, and the other Terms of this insurance, including the Exclusions set forth in Section T and the Conditions and Restrictions set forth below, the Company will reimburse the Insured Person for the following transportation costs, when the Company or Plan Administrator arranges such transportation, and expenses incurred by the Insured Person arising out of or in connection with an Emergency Medical Evacuation occurring while this Certificate is in effect and during the Period of Coverage:

On receipt of the free - look intimation and Policy / Certificate of Insurance, the company shall refund the premium, subject to deduction of the expenses incurred by us for medical examination (if any) and stamp duty (if any).

Following this, you are entitled to a refund of the premium paid, provided no claim has been made under this mediclaim insurance policy (subject only to a deduction of the expenses incurred by the company on medical examination and the stamp duty charges).

A refund will be given by the insurance company subject to deduction of the proportionate risk premium for the period on the cover, the expenses incurred on medical examination if any and stamp duty.

Thankfully, most of the insurance companies in India cover the damages done by animal and bear the expenses incurred during repairing.

The general insurance companies have incurred a total claim of INR 17,589 crore during 2012 - 13 as per the data provided by the reliable official sources.

It is said by the regulator that the actuary's under - reserving has emerged in the deficit in the IBNR, i.e. Incurred But Not Reported Claims Reserve, of Rs. 4,263 crores, that was given away in the fiscal statements of insurance company as on March 31, 2016.

The eligible medical expense, thus incurred, shall be settled by the Insurance Company directly with the hospital.

Expenses incurred by the insurance provider — Insurance companies incur various expenses such as salaries paid to employees, commissions paid to agents, overhead costs, marketing or advertisement costs and other operational insurance provider — Insurance companies incur various expenses such as salaries paid to employees, commissions paid to agents, overhead costs, marketing or advertisement costs and other operational Insurance companies incur various expenses such as salaries paid to employees, commissions paid to agents, overhead costs, marketing or advertisement costs and other operational expenses.

This party and their insurance company then assumes the financial cost of all medical expenses and property damage repair costs incurred by other motorists in the accident.

In order to be eligible for coverage under the Continuation of Treatment Period provision, the Insured Person must be covered by an insurance policy, benefit plan, or Other Coverage for expenses or charges incurred by the Insured Person, and the Other Coverage remains in effect during the duration of coverage with the Company.

This fee reflects expenses the insurance company incurs by placing the policy on its books, and subsequent administrative expenses.

For example, a plan with a hundred dollar deductible means that the first hundred dollars of cost for replacing a damaged item is incurred by the policy holder rather than the insurance company.

The pre determined deductible amount stays the same where as the insurance amount paid by the company varies as per the charge incurred in getting a damaged car fixed.

Insurance companies anticipate higher rates of accidents by senior citizens and therefore charge higher monthly premium rates from elderly to make up for the potential loss that might be incurred by them.

The extra costs have to be born by the policy holder but the expenses incurred to repair or change the damaged parts will be reimbursed by the insurance company.

Some companies like Scottsdale Automobile Insurance Company in Maricopa County, Scottsdale, Arizona also implements Additional Auto Insurance coverage which means that collision coverage extends up to the damages the vehicle may incur during accidents (may be from another vehicle or by an object).

For the Travel companion plan, for all expenses incurred the medical bills have to be paid upfront by the insured and the later claimed from the insurance company for reimbursement by producing required documents.

Yapian — which is in the process of being acquired by South Korean cryptocurrency trading firm Coinbin — said that it planned to use the payment from the insurance company to reimburse customers for losses they incurred as a result of the hack.