Sentences with phrase «insurance types of contract»

It is the amount which a surety company gives a policy owner for cancellation of contracts and is normally associated with life insurance types of contract.

Not exact matches

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)

An annuity is an insurance contract, and the issuing insurance company provides some type of guarantee on your investment.

Care by Volvo takes care of insurance, maintenance, and «ownership» of the XC40 on a lease type basis, effectively creating a cell - phone contract - like subscription in which the driver only needs to pay for refuelling, with all other costs covered within the monthly subscription fee.

There are numerous types of life insurance contracts available.

These include profit - sharing plans, any type of Individual Retirement Account (IRA), insurance contracts, or IRA recharacterizations.

You'd have to qualify for the life insurance contract, but if you did, you'd find that your returns were competitive with other types of investments of the day.

This is another way that insurance companies get paid on these types of contracts.

Now we find ourselves with payments for different types of insurance being billed at different times, gym memberships, cloud storage, for some of us credit card payments, exterminator or other home maintenance - related contracts, game subscriptions — an endless variety of things.

In addition to remaining in effect as long as you pay your monthly premiums and keep any other obligations per your contract with the insurance company, these type of policies also accrue «cash value».

Universal Life Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one insurance that combines term life insurance and an investment feature into one insurance and an investment feature into one contract.

Additionally, the IRS considers specified types of insurance policies with high cash balances to be modified endowment contracts (MECs).

A life insurance policy is a type of paid contract between the owner and the insurance company.

Like other types of cash value life insurance policies which allow policy loans, most annuity contracts allow owners to borrow against the annuity contract's accumulated cash value.

Annuities are insurance contracts that build in costs to cover the payment guarantees, and with some types of annuities, you can't change your mind and get your money back.

The pro of whole life is that the higher price tag can be mitigated by getting this type of life insurance policy at a young age, adding specific riders that maximize the cash value up to, but not crossing the line, of becoming a modified endowment contract MEC, and allowing you to utilize that cash value in as little as 30 days.

This means that like other types of life insurance, the contract can either be funded by lump sum or series of installment payments.

This type of contract, usually sold by life insurance companies, pays a regular stream of income to the beneficiary or annuitant at some agreed - upon start date in the future.

Insurance is a type of a contract between the policy holder and the insuranceInsurance is a type of a contract between the policy holder and the insuranceinsurance company.

Don't forget that you can also do a contract for deed on a condo or another type of home where an association takes part of the insurance responsibility.

But here's the good news: Despite the seeming complexity, there are major similarities between certain types of life insurance contracts: term insurance typically works the same from company to company, and so do different types of permanent or cash value policies.

Under both ERISA and IRS Codes, there are only two types of investments excluded: Life Insurance Contracts and Collectibles such as works of art, rugs, jewelry etc..

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

For those of you that are familiar with the Internal Revenue Code (IRC), or happen to know a little about the tax advantages of Life Insurance contracts, you probably know that IRC section 7702 defines the type of life insurance contract that receives tax adInsurance contracts, you probably know that IRC section 7702 defines the type of life insurance contract that receives tax adinsurance contract that receives tax advantages.

A type of life insurance where the contract is renewed each year with a premium payment.

Our attorneys have a thorough understanding of the terms and conditions underlying all types of insurance contracts and are skilled in interpreting policies and analyzing complex coverage issues.

(2) Sections 412 to 417 of the Act apply in respect of all types of endorsements to contracts of automobile insurance written on Ontario Policy Form 1 or 2.

[54] Given the intention of parties to this type of insurance coverage, which is to compensate the insured person injured as a result of an incident involving an unidentified automobile, it seems unreasonable to enforce a term of the contract that demands physical contact between the insured motor vehicle and the unidentified... [more]

Jack has over twenty years of experience in numerous types of commercial litigation matters, with substantial representations of clients in many matters involving environmental litigation, including five trials pursuant to the Comprehensive Environmental Response, Compensation and Liability Act, significant architectural, engineering and construction disputes, business acquisition and transactional disputes, including takeover / merger and acquisition litigation, claims under purchase and sales and indemnity contracts, securities law litigation, insurance coverage on behalf of the insured, and legal issues relating to medical records release and copying.

(12) Where a contract provides coverage of the type mentioned in clause 216 (a) of The Insurance Act, being chapter 224 of the Revised Statutes of Ontario, 1970, in respect of an automobile operated in the business of carrying passengers for compensation or hire and insured for that purpose, the insurer may,

The policy can be tailored to the needs of the insured, regardless of the subject matter or jurisdiction and the type of insurance cover can range from something as simple as a breach of a supply contract or dispute with an employee through to highly complicated intellectual property or product liability litigation.

While it's true that when it comes to workers» compensation, life insurance, health insurance, and other types of insurance, the contracts state the carriers must pay you what they have agreed to pay provided you meet specific qualifying criteria.

Mr. Geiger represents business clients in all types of disputes, such as product liability (including pharmaceuticals and medical devices), toxic torts, medical and genetics negligence, breach of privacy, other personal injury claims, class actions, multidistrict litigation, governmental actions, insurance litigation, breaches of contract, allegations of fraud and unfair trade practices, commercial warranty disputes and intellectual property controversies.

Long - term disability insurance often refers to a type of insurance contract whereby the insurance company (insurer) agrees to pay a portion of your pre-disability income if and when you become unable to earn your livelihood as a result of an illness or injury, in exchange for payment of monthly premiums by you.

We handle all types of civil and commercial litigation, including bad faith insurance claims, employment disputes, and breach of contract.

Prior to this decision, obligations of good faith arose in a piecemeal fashion and only to certain types of contracts (for example employment and insurance contracts), or certain types of contractual clauses (for example, performance of a condition precedent and the exercise of a discretionary power under the contract).

Allen's representative work includes the successful defense of a multi-million dollar insurance coverage and rescission suit by Lloyd's of London; dismissal of a six - figure claim for retroactive premiums against the St. John Community Development Center; summary judgments (affirmed on appeal) against Essex Insurance Company and Liberty Mutual Fire Insurance Company for breach of their respective insurance contracts; trial verdicts against Allstate Fire and Casualty Insurance Company and Liberty Mutual for insurance bad faith; and numerous confidential five, six, and seven figure settlements reached in insurance disputes of all types (including residential and commercial property, commercial general liability, auto liability, errors and omissions, negligent procurement, and insurer bainsurance coverage and rescission suit by Lloyd's of London; dismissal of a six - figure claim for retroactive premiums against the St. John Community Development Center; summary judgments (affirmed on appeal) against Essex Insurance Company and Liberty Mutual Fire Insurance Company for breach of their respective insurance contracts; trial verdicts against Allstate Fire and Casualty Insurance Company and Liberty Mutual for insurance bad faith; and numerous confidential five, six, and seven figure settlements reached in insurance disputes of all types (including residential and commercial property, commercial general liability, auto liability, errors and omissions, negligent procurement, and insurer baInsurance Company and Liberty Mutual Fire Insurance Company for breach of their respective insurance contracts; trial verdicts against Allstate Fire and Casualty Insurance Company and Liberty Mutual for insurance bad faith; and numerous confidential five, six, and seven figure settlements reached in insurance disputes of all types (including residential and commercial property, commercial general liability, auto liability, errors and omissions, negligent procurement, and insurer baInsurance Company for breach of their respective insurance contracts; trial verdicts against Allstate Fire and Casualty Insurance Company and Liberty Mutual for insurance bad faith; and numerous confidential five, six, and seven figure settlements reached in insurance disputes of all types (including residential and commercial property, commercial general liability, auto liability, errors and omissions, negligent procurement, and insurer bainsurance contracts; trial verdicts against Allstate Fire and Casualty Insurance Company and Liberty Mutual for insurance bad faith; and numerous confidential five, six, and seven figure settlements reached in insurance disputes of all types (including residential and commercial property, commercial general liability, auto liability, errors and omissions, negligent procurement, and insurer baInsurance Company and Liberty Mutual for insurance bad faith; and numerous confidential five, six, and seven figure settlements reached in insurance disputes of all types (including residential and commercial property, commercial general liability, auto liability, errors and omissions, negligent procurement, and insurer bainsurance bad faith; and numerous confidential five, six, and seven figure settlements reached in insurance disputes of all types (including residential and commercial property, commercial general liability, auto liability, errors and omissions, negligent procurement, and insurer bainsurance disputes of all types (including residential and commercial property, commercial general liability, auto liability, errors and omissions, negligent procurement, and insurer bad faith).

Two other types of covered entities are not required to produce a notice: a correctional institution that is a covered entity and a group health plan that provides benefits only through one or more contracts of insurance with health insurance issuers or HMOs.

[54] Given the intention of parties to this type of insurance coverage, which is to compensate the insured person injured as a result of an incident involving an unidentified automobile, it seems unreasonable to enforce a term of the contract that demands physical contact between the insured motor vehicle and the unidentified automobile, notwithstanding the existence of physical evidence corroborating the fact that the relevant incident occurred as a result of the insured's defensive driving action directed at avoiding physical contact with another vehicle.

Such knowledge helps one to know what type of commercial contract, insurance requirement, and banking facilities needed, to mention a few.

Like any other types of insurance contracts, Indemnity Insurance Plans have their advantages and disadinsurance contracts, Indemnity Insurance Plans have their advantages and disadInsurance Plans have their advantages and disadvantages.

The information on this website is not a contract, as it is provided for general information to explain potential types of insurance coverages.

This type of insurance provides unique benefits when compared to a traditional default process, that will normally require litigation and delays that will significantly affect contract schedule.

On average, this coverage is available to the same people who are eligible for other types of coverage under a Homeowners Insurance contract (for example, dwelling, property and liability protection).

You didn't mention what type of family member bought the insurance on your child, and that may play into whether or not you can get the contract cancelled.

The type of life insurance most commonly taken out in a divorce scenario is a term life insurance contract.

Like any other type of life insurance, term life insurance represents a legal contract between the owner of the policy and the insurance company, and like any type of contract, it has a language of its own.

One thing everyone should remember when purchasing any type of insurance whether, auto, health, home, travel insurance, etc. you are give a policy that when you make the purchase it is almost like signing a contract stating you understand and agree to the terms of the contract.

Your travel insurance policy is an agreement — a legal contract between you and the travel insurance provider, just like any other type of insurance.

There are numerous types of life insurance contracts available.