Sentences with word «insurable»

A matter of some interest — New Law Journal NLJ (2008) 158 NLJ 435 — the requirement of insurable interest in non-indemnity insurance — a sketch of the current law — arguments for change and the Law Commission's consultation.

There are several examples of insurable interest in life insurance.

Certain situations are not insurable risks because of the moral hazard.

For 2016 - 17, Budget 2012 forecasts a decline in the employee employment insurance rate from $ 1.98 per $ 100 of insurable earnings in 2015 to $ 1.95 in 2016, whereas the PBO is forecasting an increase of 5 cents, with the result that their EI premium revenues are $ 3.3 billion higher.

Certain situations are not insurable risks because of the moral hazard.

Sometimes called second - to - die insurance, survivorship life is often purchased by married couples or other pairs of people with insurable interest in each other, and it's generally more affordable than two separate policies.

This puts an additional burden on small business, in much the same way, as the limit on maximum insurable earnings puts on low - and middle - income workers.

The next step is usually proving insurable interest as well as consent.

But what if you are not insurable at that time.

For example, a business with a total insurable value of $ 2 million and a commercial property rate of $ 0.3 per $ 100 of TIV will pay an annual premium of $ 6,000 ($ 2 million (TIV) x $ 0.3 / $ 100).

«What the insurance company looks for is what's known as insurable interest,» says Marvin Feldman, president and CEO of Life Happens, a nonprofit funded by insurance companies and brokerages.

When possible, April directly pays for most insurable events in real time.

However, if the actuary decides that the renovation is more substantial or, worse, structural in nature, then you may find that you're no longer insurable under regular home insurance policies.

However, if you have received at least one week of pregnancy or parental benefits in the 208 weeks (4 years) preceding the qualifying period, you are only required to have accumulated 420 to 700 hours of insurable hours to qualify for regular EI benefits.

(Oh, and about getting one's own insurance before COBRA expires, and thus ensuring that one's still insurable unfortunately it doesn't necessarily work that way.

Please review the new maximum insurable mortgage calculations below.

They will verify the information and ask if insurable interest exists.

If, for instance, a person has terminal cancer, they will likely not be considered insurable by the insurance company because a death benefit payout is almost certain to be made before the insurance company covers their costs.

The situation became so out of control that Parliament enacted a new law: you can't buy life insurance without insurable interest.

Upon disclosing his plans he was told that he was no longer insurable under regular home insurance rates.

The WSIB will determine to which extent individual claims experience and collective class / subclass experience will affect an employer's premium rates by considering insurable earnings and total claims.

Comprehensive covers all other insurable circumstances other than car accidents.

If your spouse, civil partner or cohabitant works or is taking part in a Community Employment (CE scheme), Tús or Gateway their earnings from insurable employment are assessed in the same way as your earnings from part - time or casual work.

55 % of their average weekly insurable earnings across 35 weeks within a period of 12 months after the week in which the child was born or placed for adoption (up to a maximum amount of $ 547 per week); or

Reduces or pays off your line of credit balance up to the Maximum Insurable Limit in the event of your death or if you are diagnosed with a covered illness including cancer, heart attack, coronary artery bypass surgery, or a stroke

Pure risk is insurable because actuaries and underwriters can use historical data and mathematical formulas to figure out how likely losses might be and price the policy accordingly.

The Ministry of Finance has remedied a significant regulatory oversight that precluded low - risk borrowers from insurable mortgage rates simply because they refinanced after a certain date.

In order for the buyer to receive insurable title (meaning, her or she can receive title insurance), the case will have to be dismissed.

IT / Technical background is a plus but not required * Excellent communication skills * Self - Motivated * Ability to multi-task * Insurable driving record, current driver license, proof of current auto...

Life insurance companies require insurable interest if you are going to take out a funeral policy on parents.

If you have any questions about insurable interest or about finding the best plan to meet your needs.

You can get a full listing of insurable circumstances as well as an explanation of limitations and exclusions by contacting a Naperville renters insurance provider.

Insuring your home, car, recreational vehicles and other insurable items through the same company could help lower your premiums on all of the policies.

This is certainly not the case; yet, anyone who is insured in this manner is glad they are when insurable claims events cross their path in Oak Park.

The only situation in which insurable attention and approval are not needed is if parents apply to purchase insurance policy coverage on their minor child.

Some common forms of cancer that are easily insurable if within certain guidelines include prostate cancer, colon cancer and skin cancer.

Earthquakes and floods are never included in a standard home, renters or condo insurance policy, but flooding accounts for more individual losses than any other insurable peril.

Examples of insurable trip costs include non-refundable accommodations, tickets, tours, or other travel - related reservations.

You only have to show insurable interest at time of purchase.

At this point I was the optimist, since, given some specific criteria having been met, he would be very insurable at competitive rates.

Find out what insurable interest means and why it is a required disclosure when you are purchasing life insurance on someone.

The total insurable value determines the maximum coverage limit for the policy.

If you renew your term life up to the maximum insurable age, premiums will be very expensive.

In essence, this provision ensures the policyholder remains insurable, regardless of a decline in health.

Past measures: Four rounds of changes were made to tighten eligibility rules for new insurable loans between 2008 and 2012.