Sentences with phrase «issued the insurance holder»

Within a free look period of 15 days from the date of policy issued the insurance holder can cancel the policy if they are not satisfied with the terms and conditions of the policy.

Not exact matches

An issue has been raised that these GICs would be subordinate to other policy holder claims in the event that Executive Life ever is placed in conservatorship, (i.e., an insurance equivalent of Chapter 11).

Mortgage Life Insurance — an insurance policy specifically issued to pay off mortgage debt in the event the policy holInsurance — an insurance policy specifically issued to pay off mortgage debt in the event the policy holinsurance policy specifically issued to pay off mortgage debt in the event the policy holder dies.

It also covers the cost of a policy, usually issued by a title insurance company, that insures the policy holder in a specific amount for any loss caused by discrepancies in the title to the property.

They stopped just short of accusing me of getting insurance because of this issue when I have been a long time pet insurance holder with them through my original VPI contract.

We act exclusively for policy holders with respect to insurance coverage issues.

Sara also advises insurers, reinsurers and policy holders on insurance and reinsurance claims, subrogated recoveries, defence work and coverage issues.

As a policy holder of a guaranteed issue life insurance plan, you will also want to ensure that you have the ability to own your policy for at least 24 months.

Life insurance companies issuing a «no - lapse» policy AVOID paying cash surrender values to policy holders who terminate their coverage so they use this extra source of profit to be able to lower the premiums.

While the policy holder can keep multiple policies under one e Insurance Account issued by the authorities in the new system, the digitization also allows to reduce the cost of managing accounts at the insurer end.

Life insurance companies are legally required to search for beneficiaries once they become aware that their policy holder is deceased, but payouts are usually not issued automatically.

Cholamandalam Investment and Finance Company, key stake holder in the Cholamandalam Insurance JV, has stated that it would raise up to Rs. 6, 7 00 crore in various slots by issuing 60,000 secured redeemable, non-convertible debentures valued at Rs. 10 lakh.

While making claims on maturity, the insurance holder is required to provide a completely filled discharge form attached with the original policy documents as issued by LIC in the name of the policyholder.

But the crux of the issue is that the insurance company had a contract with the policy holder, your brother, and not with the beneficiary.

The annuity in which a policy holder pays a premium to the annuity providing insurance company that issues a contract promising to pay interest or gains made on the deposit while deferring the income and the taxes until you actually withdraw the money or begin receiving an income.

These repositories are required to maintain records of e-insurance accounts with an unique number, records of e-insurance policies issued and records of e-insurance policies converted back into physical form, index of policy holders and their nominees / assignees / beneficiaries in the respective life insurance policies, among others.

Another Rs 25 lakh penalty was imposed since Irda said the procedure adopted in issuing cheques favouring the Master Policy Holder was in violation of its group insurance guidelines.

[x] The period of time that is allowed to a life insurance policy holder, immediately after the policy gets issued.

In order for the policy holder to receive his or her cash value, he or she must surrender the policy contract, which serves as the documentation of his or her rights and obligations in his insurance policy, to the issuing life insurance company.

The total benefits available for long - term care insurance are selected by the policy holder at issue.

The risk that health will decrease for some of it's policy holders is assumed by life insurance companies, and this is priced into the ratings at issue.

But companies that issue life insurance actually do monitor a prospective policy holder's driving record because their history of driving, including accidents, DUI convictions and moving violations, can directly affect an individual's life expectancy and their risk of dying, all factors which influence the rate that an insurance company charges for a life insurance plan.

There are some health insurance companies that issue coverage till the recuperation of their policy holder.

Earlier, the SBI Life Insurance Company had raised a dispute that the regulator has no such powers to issue directions, but the IRDAI dismissed the contention of the company, and said that according to section 34 of the Insurance Act, it has the power to issue directions to any insurer to stop the activities that are harmful to the interests of policy holders.

This include but are not limited to age, sex, length of driving experience, previous claims, current coverage, amount of comprehensive car insurance coverage, the policy holder's credit, and the state that the policy is to be issued.

When a vehicle is totaled, a standard auto insurance comprehensive policy will issue a check to the policy holder for the actual cash value (ACV) of the vehicle, a number which represents the insurance company's closest assessment of its market value had it been sold on the day of the loss claim.

Columbia renters insurance saves protected policy holders from personally having to deal with uncompensated property losses and liability issues related to events at their rented home in Columbia SC.

The next step is to write an application to the insurance company giving complete details including name of the policy holder, policy number, date of issue, type of cover, date of issuance, etc..

Alexandria renters insurance gives insured policy holders in Alexandria VA needed protection from uncompensated personal property losses and uninsured personal liability issues.

In accordance with Section 45 of the Insurance Act, 1938, «No policy of life insurance effected before the commencement of this Act shall after the expiry of two years from the date of commencement of this Act and no policy of life insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on which it was effected be called in question by an insurer on the ground that statement made in the proposal or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policy - holder and that the policy - holder knew at the time of making it that the statement was false or that it suppressed facts which it was material to Insurance Act, 1938, «No policy of life insurance effected before the commencement of this Act shall after the expiry of two years from the date of commencement of this Act and no policy of life insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on which it was effected be called in question by an insurer on the ground that statement made in the proposal or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policy - holder and that the policy - holder knew at the time of making it that the statement was false or that it suppressed facts which it was material to insurance effected before the commencement of this Act shall after the expiry of two years from the date of commencement of this Act and no policy of life insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on which it was effected be called in question by an insurer on the ground that statement made in the proposal or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policy - holder and that the policy - holder knew at the time of making it that the statement was false or that it suppressed facts which it was material to insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on which it was effected be called in question by an insurer on the ground that statement made in the proposal or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policy - holder and that the policy - holder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose:

-- Inspects claim applicant's property for loss or damage — Evaluates vehicle value and determines best course of action for claim — Gathers all relevant information regarding specific claims — Interviews related witnesses for information — Develops reports on loss / damage — Negotiates with 3rd person parties for resolution of claim including other adjusters and repair contractors — Educates insurance holders on claim procedures — Handles necessary salvage issues, reports and closures