The new
regulations give insurance companies more leeway to collect past - due premiums if the person chooses to re-enroll in a plan from the same insurer that terminated prior coverage for non-payment of premiums (or insurer that's part of the same controlled group, or parent company).
Not exact matches
One more note: there have been times in
insurance regulation where the regulators looked the other way and said to themselves, «Meh, the
company is insolvent if we marked it to market today, but if I just
give them a few years, operating profits will bail them out.
They include: (1) regulatory law and enforcement work, because industries from banking to private equity funds to large oil
companies will likely be targets of the new administration, while health
insurance companies will be subject to heightened
regulation; (2) litigation, because a Democratic administration will probably push back tort reform measures,
giving rise to more lawsuits; (3) «green» law, i.e., representing
companies that deal in green technology, whose growth will be stimulated by likely tax incentives as well as a cap and trade system; and (4) real estate, because the bailout legislation will most likely require banks availing themselves of the benefits to begin issuing mortgages again.
The Indian government
gives nod to the French
insurance company AXA to increase its stake by 49 % (Rs 858.6 crores capital investment) in the Bharti Group JV under FDI
regulations.
The case of Niruvati kamble (policy holder) whose insured dumper was stolen on 16 July 2012
gave rise to a new
regulation which stated that
insurance companies have to pay the claim in the delay written intimation case as well.