Sentences with phrase «insurance contract as»

Even though the Class 2 insured individual is not the policy owner or the relative of the policy owner, he or she is still covered under the insurance contract as long as he or she is lawfully occupying the vehicle.

There's no way of telling without examining your insurance contract as each insurer and policy may have different conditions on the return of premiums.

Search for «replacement cost» when signing the dotted line — this is generally the most significant section of a homeowners insurance contract as it covers the insured for the replacement cost of ones home if damage is significant enough

The cash value of an insurance contract as of the date that the policy is being redeemed.

Generally, if you receive the proceeds under a life insurance contract as a beneficiary due to the death of the insured person, the benefits are not includable in gross income and do not have to be reported; any interest you receive is taxable and you should report it just like any other interest received.

The New York Insurance Law defines a «misrepresentation» as a false statement «as to past or present fact, made to the [insurance company] by, or by the authority of, the applicant for insurance or the prospective insured, at or before the making of the insurance contract as an inducement to the making thereof.»

Cash Value It is referred to in most insurance contracts as cash surrender value or surrender value.

Not exact matches

Entrepreneurs can often find money and additional profits by simply putting out for bid line items such as commercial loans, cell phone contracts and insurance premiums.

Insurance, real estate, and manufacturing industries are big fax users as are other businesses that deal with contracts and paper forms, he says.

Employers like Buckingham contract with a financial services organization (generally, a brokerage house, mutual fund company, or insurance firm) to administer what is known as a prototype SEP plan.

PTE 84 - 24 [29] is a previously granted exemption for transactions involving insurance and annuity contracts, which was amended in April 2016 to include the Impartial Conduct Standards as conditions and to revoke relief for annuity contracts other than «fixed rate annuity contracts.»

As amended, Section IV (b) of PTE 84 - 24 requires Financial Institutions to obtain advance written authorization from an independent plan fiduciary or IRA holder and furnish the independent fiduciary or IRA holder with a written disclosure in order to receive commissions in conjunction with the purchase of insurance and annuity contracts.

[31] Therefore, from June 9, 2017, until January 1, 2018, insurance agents, insurance brokers, pension consultants and insurance companies will be able to continue to rely on PTE 84 - 24, as previously written, [32] for the recommendation and sale of fixed indexed, variable, and other annuity contracts to plans and IRAs, [33] subject to Start Printed Page 16917the addition of the Impartial Conduct Standards.

Past opportunities include claims, judgements, private notes and financings, loans, distressed secondaries, derivative contracts and other financial instruments in a variety of situations such as insolvencies, class actions, frauds and insurance liquidations.

The contract must clearly disclose any conflicts of interest that do exist, and must give the client instructions as to how he or she can obtain online access to compensation arrangements entered into by the insurance carrier (the final rule, however, provides for a streamlined disclosure pursuant to which individualized information about specific advisors need not be listed).

While the best interest contract exemption (the BIC, or BICE) would allow advisors to continue to sell traditionally commission - based products, such as variable and equity indexed annuities, it also exposes the insurance carrier to a heightened liability standard.

You have certain types of income (such as business or farm self - employment income; unreported tips; dividends on insurance policies that exceed the total of all net premiums you paid for the contract; or income received as a partner, a shareholder in an S corporation, or a beneficiary of an estate or trust)

The Department of Labor has issued technical corrections to the fiduciary rule, specifically clarifying whether insurance companies can use the best interest contract exemption as well as principal transaction exemption clarifications.

The DOL describes surrender charges as «fees an insurance company may charge when an employer terminates a contract (in other words, withdraws the plan's investment) before the term of the contract expires or if you withdraw an amount from the contract.

Most notably, it allows insurance agents or brokers to receive commissions, or other indirect compensation (e.g., 12b - 1 fees) that can vary based on the advice given, as long as the «Best Interest Contract» Exemption (BICE) applies.

Second, DOL «then offers an exemption from this far - reaching prohibition — known as the best interest contract exemption (or «BIC» exemption)-- but conditions it on financial services firms and insurance institutions agreeing to subject themselves to fiduciary standards of conduct in contracts that they must enter into with their customers, as well as a range of other restrictions and requirements.»

When the Group expects some or all of a provision to be reimbursed, for example, under an insurance contract, the reimbursement is recognized as a separate asset, but only when the reimbursement is virtually certain.

As an employer, the Civilian Board of Contract Appeals offers eligible employees an excellent compensation and benefits package that includes federal insurance plans, life insurance coverage, leave policies, thrift - savings plans, transit and child - care subsidies, training and development, and work flexibility.

Effective January 1, 2013, Insurance Law § 2612 also requires a health insurer, as defined in that section, to accommodate a reasonable request made by a person covered by an insurance policy or contract to receive communications of claim - related information by alternative means or at alternative locations if the person clearly states that disclosure of the information could endanger thInsurance Law § 2612 also requires a health insurer, as defined in that section, to accommodate a reasonable request made by a person covered by an insurance policy or contract to receive communications of claim - related information by alternative means or at alternative locations if the person clearly states that disclosure of the information could endanger thinsurance policy or contract to receive communications of claim - related information by alternative means or at alternative locations if the person clearly states that disclosure of the information could endanger the person.

So if the estate tax disappears, then demand for specially structured life insurance contracts could weaken as well.

(2) And as part of your contract with an insurance company, you can also receive income guarantees and death benefits.

Contracts may have additional requirements such as Tenants Betterment and Improvement endorsements, Employer Liability Insurance, and Worker's Compensation as well.

Under the economic benefit regime, the owner of the life insurance contract is treated as transferring economic benefits to the non-owner.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

Bob MacDonald, founder of LifeUSA, writing in Forbes, defines an annuity as a long - term contract between a buyer and an insurance company that allows the accumulation of funds on a tax - deferred basis for later payout in the form of a guaranteed income, the core strength being the safety the guarantees.

Sometimes I want to throw up when I hear John 3:16 because of its haunting memories of being used as a sledgehammer, fire insurance contract, etc..

Chris@82: The salary - cap rules are completely self - serving for the top Premiership clubs in as much as they are intended as insurance against the clubs blowing their TV money on hugely increased contracts for players and then seeing those broadcasting - rights fees shrink in the next renewal cycle.

As long as MPCS is contracted with an insurance payer, we can continue to be the patient's supplieAs long as MPCS is contracted with an insurance payer, we can continue to be the patient's supplieas MPCS is contracted with an insurance payer, we can continue to be the patient's supplier.

Since taking over the DME Dept, Ben has acquired multiple insurance contracts and added numerous items such as Breast Pumps and Diabetic footwear to the DME Department.

«Formal membership comes with perks such as discounts on travel, insurance and other products, not to mention the ability to vote on union contracts.

Negotiations with the public employee unions on contracts will have a dramatic impact on the budget as the county grapples with the rising cost of health insurance and rapidly escalating costs of paying into the public employee retirement and pension system.

Thus, after a contract expires, employers could not unilaterally alter health insurance, holidays, hours of work, or other benefits defined as mandatory subjects of collective bargaining.

The contract talks have been particularly tense in recent weeks as the two sides attempted to find common ground on the key issues of teacher salaries, work rules and health insurance.

In most cases, the grant is attached to an employment contract with the recipient's institution that includes public social security coverage such as health insurance and pension benefits.

He refers to my wife as my wife,» she says, adding that Mazur provided her with health insurance, something her postdoctoral contract did not originally cover, when she told him that her wife's workplace was deducting more than $ 300.00 additional per month in taxes to cover Julie's benefits.

A far less popular — yet very common — alternative is the libéralités, grants from various bodies that do not come with the social benefits (such as pension and medical insurance) a contract confers.

As a contract worker, I have to pay for my own health insurance, but I'll happily trade fringe benefits for a fun job.

As such, we may bill separately, utilize different billing services, and maintain different insurance contracts.

These results may not represent the total impact, as not all districts have renegotiated insurance contracts.

As mentioned above, some districts have not yet been able to use their new powers because of unexpired collective bargaining contracts or insurance policies, so there are more savings to be had.

(i) The Contractor shall submit to the Contracting Officer a request for reimbursement of the cost of the replacement or repair together with whatever supporting documentation the Contracting Officer may reasonably require, and shall identify the request as being submitted under the Insurance clause of this contract.

(2) The Government does not assume any risk with respect to loss or damage compensated for by insurance or otherwise or resulting from risks with respect to which the Contractor has failed to maintain insurance, if available, as required or approved by the Contracting Officer.

(i) Casualty, accident, and liability insurance, as approved by the Contracting Officer, insuring the performance of its obligations under paragraph (c) of this clause.

Every person who acquires a life insurance contract or any interest in a life insurance contract in a reportable policy sale during any taxable year shall make a return for such taxable year (at such time and in such manner as the Secretary shall prescribe) setting forth --

Lessee responsible for insurance during the lease term, excess wear and tear as defined in the lease contract, $ 0.25 / mile over 30,000 miles and a disposition fee of $ 350 at lease end.