Sentences with phrase «issues of the policy holders»

It is then that the state's guaranty association takes charge of the concerns and issues of the policy holders arising from the bankruptcy.

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).

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.

It addresses a range of issues, such as how statistics often is misused, how scientific progress is made in general, that the «scientific method» is not always as straightforward as one might like to think, the influence of stake - holders, the importance of knowing the context of the research, relationships between science and policy, and ploys designed to bypass logic.

Tax patents, the lawyers wrote, amount to «government - issued barbed wire» to keep some taxpayers from getting equal treatment under the tax code... After all, as Mr. Devinsky and his colleagues wrote, «The successful patenting of tax strategies now limits Congress» ability to shape economic policy through legislation, and places that power in the hands of individual patent holders.»

While serving as US Attorney, Mr. Machen was also appointed by Attorney General Eric Holder as a member of the Attorney General's Advisory Committee, a small group of US Attorneys from across the country who provide advice and counsel to the Attorney General on policy, management and operational 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.

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.

In contrast, when a mutual company issues a dividend, it issues it to the policyholders It's policy holders, then, «participate» in the profits of the company.

Dividends issued to holders of participating policies are received tax - free, because they are defined by the IRS as a return of overpaid premium.

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.

This one - of - a-kind coverage also gives policy holders the opportunity to submit to a medical exam, and secure additional coverage, after the policy has been issued.

[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.

This is not the same as cancelling or surrendering the policy through the issuing insurer — and in many cases, the amount of cash that is received by the policy holder can be up to four times higher than what is in the cash value component.

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.

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.

If the policy holder anytime during the plan term losses the policy documents or the documents get destroyed due to any reason, then on the policyholder's request, the company shall issue a copy of the policy documents which shall be duly endorsed to show the agreeable reasons of the document's loss.

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.

already have cancer or any of these disease what they asked in their heath questions but declared as «NO health issues», because policy holder even not know itself and eventually dies..

We have done a detailed investigation of the facts presented by you and wish to share the following: • We would like to inform you that the policy was issued post the documents and consent received from the policy holder to issue the policy.

This type of policy may have lower initial expenses, but may become more expensive than issue - age pricing or community - rated pricing as the policy holder ages.

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.

This can be a real advantage — especially if the policy holder plans to keep the whole life policy for a lengthy period of time, or if he or she has health issues and will not qualify for coverage again out in the marketplace.

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..

In the absence of an agent, the policy holder has to deal directly with the insurer for procedural issues such as change in address, nominations etc..

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 disclose:

Insurance21 Replied: 08-09-2017 22:14:44 If policy holder's age is above 8 years, then life cover will be 10 times of basic premium from the day the policy is issued.

Under former Attorney General Eric Holder — under some pressure from Congress — the Department of Justice in 2015 issued a policy that federal authorities could only use cell - site simulators with a warrant.