Sentences with phrase «of policy term insurer»

At the end of policy term insurer will not get any bonus, but some guaranteed additional amount.

Not exact matches

«In terms of the percentage increase for [Universal] compared to other insurers, we can not speak to other insurers» situations but an important consideration is that [Universal] has continued to serve the residents of South Florida by consistently writing policies in that area,» Miller said in an email statement.

You can only purchase a Banner term life insurance policy through age 75, but the insurer is has some of the best rates available, even if you have some medical conditions.

The policy provided by certain Lloyd's of London and London Company Insurers is subject to its own terms and conditions.

«[E] ach policy of aircraft accident liability insurance... shall specify that it shall remain in force, and may not be replaced, canceled, withdrawn, or in any way modified to reduce the minimum standards set forth in this part, or to change the extent of coverage by the insurer or the carrier, nor expire by its own terms in regard to coverage for the carrier in its common carrier operations in air transportation, until 10 days after written notice by the insurer (in the event of replacement, by the retiring insurer), or by the insurer's representative, or by the carrier to the Department... which 10 - day notice period shall start to run from the date such notice is actually received at the Department.»

Failing to notify your insurer about an auto accident could be a violation of the terms and conditions of your auto insurance policy — one that, according to Pyles, could lead to a denial of coverage.

The only case in which you'd get cash back from an insurer with a term life insurance policy is if you have a return of premium rider.

Even if you have health issues and would have difficulty passing a medical exam, a large number of insurers offer no medical exam term policies that provide higher maximum death benefits.

Many insurers offer convertible term life insurance policies, meaning that for a specified period of time you can convert the term policy to a permanent life insurance policy without going through a new medical review.

You need to take time to really understand the terms of the life insurance policy your insurer presented to you.

But insurers have accounted for lower lapse rates in new policies, says Jesse Slome, of the American Association for Long - Term Care Insurance.

You can only purchase a Banner term life insurance policy through age 75, but the insurer is has some of the best rates available, even if you have some medical conditions.

Term insurance is a great deal for the insurer, since 99 % of term policies expTerm insurance is a great deal for the insurer, since 99 % of term policies expterm policies expire.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

The termination of insurance coverage by either the policyholder or the insurer before the official end of the policy term.

Regardless of the type of policy, there must be a renewability provision on page one which clearly describes the initial term of coverage, the conditions for renewal, and, in the case of a «guaranteed renewable» policy, the conditions which would allow the insurer to change the premium amount.

Term life is a contract between the insured and insurer for a specified period of time, i.e. the «term» of the polTerm life is a contract between the insured and insurer for a specified period of time, i.e. the «term» of the polterm» of the policy.

For instance, 10 - year term policies for $ 500,000 of insurance for a 35 - year old male smoker in Ontario have annual premiums ranging from just over $ 500 to more than $ 1,000, depending on which insurer you choose.

The policy requires most lenders and insurers to qualify the borrower under the Bank of Canada Benchmark rate for any mortgage / line of credit that is either a VRM or any fixed term of less than five years.

If you lock in a twenty year term the insurer sees the chances of having to cash out that policy pretty low.

A typical period of coverage for a term life policy may be 5, 10, 15, 20, 25, or 30 years (terms available may vary by insurer and your age at the time of buying your policy).

In order to speed up the time in underwriting, as well as to cut underwriting costs, many top - rated life insurers have opted to forgo the medical exam on term life policies that have death benefits of up to $ 1,000,000.

If you die during the policy term your insurer will pay the calculated amount of cover at that time.

In addition, people up to age 95 can apply for a Banner Life term policy, which is nearly unheard of in the insurance industry (most other insurers cap applicants at age 65 or 75).

You need to take time to really understand the terms of the life insurance policy your insurer presented Continue ReadingBitter Truth about Life Insurance Popolicy your insurer presented Continue ReadingBitter Truth about Life Insurance PolicyPolicy →

If you don't and your insurer discovers that you are renting your property out, the odds are that you'll be in violation of your insurance policy's terms.

Non-cancelable means the insurer can't change the terms of your policy (including the premium rate), as long as the premiums are paid.

The information contained in this website is for illustrative purposes only and coverage under any pet insurance policy is expressly subject to the conditions, restrictions, limitations, exclusions and terms of the policy documentation issued by the insurer.

The term «insurance» is a contractual agreement, most commonly in the of an insurance policy, which legal binds the insurer to cover the cost of all or any portion of damages suffered by the insured party as defined in the policy.

In each instance, it is essential that homeowners understand the terms of their policy, what is covered, and the obligations of their insurer after a hurricane.

Besides the ongoing obligations (as described in the policy's terms and conditions) that exist between the insurer and insured, there is also a duty of utmost good faith (uberrimae fidei, for you Latin fans).

Whereas, in the latter case, it is entitled to avoid the policy if it can establish that the consumer either knew or did not care that the misrepresentation was: (i) untrue or misleading; and (ii) that it concerned a matter that was relevant to the insurer (ie that it was a material misrepresentation), regardless of whether it might have been prepared to offer cover on different terms, see s 5 (2) and Sch 1 Pt 1 (2) of the Act.

In the former case, an insurer can only avoid the policy if it can prove that it would not otherwise have offered cover on any terms; otherwise it is entitled to reduce its contractual indemnity to its policyholder, applying a formula set out in Sch 1 Part 1.8 of the Act.

Having an attorney on your side allows you to avoid these pitfalls because the attorney will make the insurer comply with state laws and all of the terms of their policy.

Thinking about the definition of what is an «offence» or any other term used to define what acts are covered by the policy, will the hypothetical e & o insurer take the position that there's a coverage issue here if, in fact, the VSA knew that his or her skills were better, since then the VSA is intending the result that occurred?

In Smigelski v. Potomac Insurance Co., the Maryland Court of Appeals affirmed a Montgomery County trial court's judgment in favor of an insurer, finding that under the terms of a workers» compensation policy that excluded coverage outside of Virginia a Virginia resident is not entitled to workers» compensation for injuries sustained while performing work in Maryland.

When an insurer agrees that the terms of the policy covers these legal fees, as well as the legal costs payable to the regulator, they are likely to recommend a panel solicitor.

After a jury - waived trial, the judge determined, based on the terms of the insurance policy, that the insurer had a choice of methods to calculate the loss and found for the insurer on all claims.

Although the policy did not define the term «actual cash value,» it expressly provided that the policy contained all the agreements between the parties concerning the insurance afforded and that the terms of the policy could be amended or waived only by endorsement issued by the insurer.

At issue was whether OCGA 33 -32-4 (a) authorizes the insurer to issue a credit life insurance policy which covers the total amount payable over the term of the loan or limits the policy's coverage to the principal amount financed by the insured.

He also assists clients responding to complaints to professional bodies, regulatory authorities and ombudsman services and advises a range of insurers on policy coverage, includ8ing issues as to notification, minimum terms and fraud.

This Massachusetts bright - line rule will likely reduce litigation over whether the duty to defend includes the duty to prosecute a counterclaim, and an insured in Massachusetts now knows that, if it wants its insurer to prosecute and fund the prosecution of a counterclaim, it should probably negotiate for that specific term in its policy.

The Law Society of England and Wales tried to address some of these problems by changing the mandatory «minimum terms and conditions» (or MTC) that insurers must abide by and also tried to reintroduce a master policy that would ensure all members of the bar were insured on equal terms (similar to the LAWPRO single policy which is issued to the Law Society of Upper Canada and insures individual lawyer - licensees and qualifying non-lawyer partners, as specified in its terms).

However, whether or not an ATE insurance policy can offer the defendant «sufficient protection» will depend on the terms of the policy in question, particularly whether there are any provisions which may permit the insurer to avoid the policy in certain circumstances (for example, if it emerges in the course of the proceedings that the claimant withheld or misrepresented key information regarding the facts of the case from the insurer).

The term «insurance» is a contractual agreement; most commonly refers to the instance of an insurance policy, which legally binds the insurer to cover the cost of all or any portion of damages suffered by the insured party as defined in the policy.

The defects in our national law conflict with the superior Community law requirement that the insurance cover afforded to third parties should embrace any use to which the vehicle is put and that the effects of any breach of policy term by the user should be confined to the insurer and its policyholder.

It might be more convenient for the doctor in terms of collection of bad debt, insurance policy claims (where an insurance card would normally be required, at least), protection against fraud claims from an insurer, and medical record keeping to have a name, so a doctor might make it a policy to require ID, but it is not required by law (except where a government benefit provider like Medicaid or Medicare is involved and has a regulation requiring it).

Maximum amount of coverage will vary by insurer, but will not be as much coverage as a whole life or term insurance policy.

The amount of interest credited to the policy is determined by the insurer and spelled out in the terms and conditions.

Term life insurance is the most basic form of life insurance policy offered by insurers.