Sentences with phrase «settlement policy of the company»
Not exact matches
As part of the settlement, Qualcomm will retain two independent consultants to make policy recommendations that will ensure an equitable workplace, and the company will appoint an internal compliance officer to oversee the implementation of the agreement's terms.
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On the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiums.
Liability coverage generally includes defense costs, as well, and most policies pay those without regard to the policy limits because it's in the best interest of you, the company, and other policyholders to prove the liability claim before paying it, in order to avoid large settlements for false or frivolous claims.
That has long - term implications, and your insurance company only has a duty to defend you until the policy limits have been paid in a settlement of some sort.
The settlement company will continue paying the policy premiums until your death, and in exchange, they will pay you a lump sum of cash, which you can use for whatever you see fit — including saving for healthcare costs.
Acknowledgement of the transfer - of - ownership and release of the escrowed funds — when the transfer of the policy's ownership is completed and recorded by the insurance company, the insurer sends confirmation to the client and the life settlement provider (the new policy owner).
Life settlement providers are companies that are licensed to purchase many life insurance policies on behalf of large institutional investors.
«Pay for delete» debt settlement comes out of the shadows — Big debt collection company makes a consumer - friendly credit reporting practice official policy... (See Pay for delete)
http://www.cato.org/pubs/pas/pa437.pdf The settlement of the tobacco litigation, in November 1998, was a legal and public policy debacle of truly historic proportions.5 The tobacco companies agreed to abide by a new set of regulatory constraints and to make multibillion - dollar payments annually to the states (and the trial lawyers from private practice who were hired to represent most of them) in perpetuity.
Denial of Coverage Results in Settlement Over 250 Times Policy Limits In Florida, insurance companies are governed by a set of rules they must obey.
Although the We - Vibe maker maintains that users consented to the conduct alleged in the complaint and that it disclosed the collection of data in its privacy policy, this settlement highlights the importance of drafting company - and product - specific privacy policy disclosures as opposed to pro forma policies that use generalized statements.
In some instances, the purchasing company may purchase a life insurance policy as a hedge in case of death in a settlement transfer.
Settlement, $ 1.53 Million Breach of contract claim against insurance company for failure to make payment on Commercial Crime Policy.
Insurance Claims The majority of personal injury cases will involve dealing with an insurance company or companies, as insurance policies typically pay the settlements or verdicts in personal injury lawsuits.
Initially, the at - fault driver's insurance company denied the man's claim due to a dispute in liability; however, due to tenacious representation and aggressive negotiations, attorneys with Staver Law Group obtained a settlement for the policy limit of 25,000, due to the injuries and constant pain and discomfort the client suffered following the collision.
Oftentimes, as part of the settlement of an employment discrimination case, the parties will agree that the employer will provide a positive reference letter, or at the very least, will provide only dates of employment and positions held per company policy to eliminate any negative inference.
This leniency policy indicated to such companies that self - reporting would normally result in the SFO agreeing an out - of - court civil settlement.
The deal ended a 40 - year - old settlement policy that let individuals and companies avoid admissions of guilt.
A Life Insurance Settlement — once available only as a Viatical Settlement — is simply the sale of your policy to an investment company.
Your car insurance company won't pay out for damages that have already been paid for by another party; therefore, many policies require that you inform them in writing of any tentative settlement with the at - fault uninsured driver or you must obtain your insurer's permission before filing a claim (within the allowed timeframe) with the underinsured driver's insurer.
The insurance company is not required to defend you once they've paid the policy limits, whether as part of a lawsuit or as a settlement of the claim, so that's a good reason to have higher limits.
(vi) You consent to and authorize any of insurance company's authorized representatives not being direct employees of the company to seek medical information required for the purpose of policy issuance or claim settlement under this policy from any hospital / medical practitioner that you or any person proposed to be insured / insured has attended or may attend in future concerning any disease or illness or injury.
The company is the largest non-bank supported private life insurer having a customer base of over 10 million policy holders, a pan India presence of over 800 branches and a Claim Settlement Ratio of 93 % as on June 30, 2015.
Before choosing an insurance policy, you should be aware of the claim settlement ratio of the insurance company.
Claim settlement ratio has been chosen to rate the insurance companies because it is the only ratio which could be of use to customers while they select the policy.
While looking for a term insurance policy, one of the major points to consider is claim settlement ratio.Claim Settlement ratio of a company informs you about the number of policies that are settled by paying back the claims in casesettlement ratio.Claim Settlement ratio of a company informs you about the number of policies that are settled by paying back the claims in caseSettlement ratio of a company informs you about the number of policies that are settled by paying back the claims in case of death.
With a viatical settlement, a viatical settlement company buys your life insurance policy, gives you a percentage of the death benefit upfront, and then pays all the remaining premiums to become the sole beneficiary of your policy — receiving the full benefit when you die.
The higher the claim settlement ratio of the company, the more favorable it would be for you to buy insurance policy from.
The premium pricing for each policy depends on several factors like the product offerings, features, claim settlement ratio and claim experience of the insurance company.
On the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiums.
The weather data will be procured by the company from authorized weather data agency after completion of policy period for claim settlement.
he FBI recently raided the Florida offices of Imperial Holdings, a company that makes lump - sum payments on legal settlements and life insurance policies.
Any insurance company or agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policy holder or claimant for the purpose of defrauding or attempting to defraud the policy holder or claimant with regard to a settlement or award payable for insurance proceeds shall be reported to the Colorado Division of Insurance within the Department of Regulatory Agencies.
The policyholder would then name the settlement company as the beneficiary of the policy, and the company would collect the death benefit after the policyholder passed away.
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Claim settlement ratio: Before buying a Life insurance policy you shall check the company's credentials and track record in terms of claims settlement.
With these transactions, the life settlement company will actually become the owner and the beneficiary of the policy, once it has been purchased.
• Compare the insurer's claim settlement practice — the true test of the best car insurance policy is the ease with which claims are settled by the insurance company offering the said policy.
Only plus point in this policy is if death of policy holder occurs at any time (after commencement of policy), all the payouts will be given by company (as mentioned earlier) from the date of claim settlement.
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Sometimes called a «life settlement», a «senior settlement» or a «lifetime settlement», the life insurance settlement typically offers the original policyholder more money than the cash surrender value of the policy, and offers the life insurance settlement company an opportunity for substantial profits.
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Life settlement providers are companies that are licensed to purchase many life insurance policies on behalf of large institutional investors.
Policyholder needs to check and compare the claim settlement ratio of the company from which he or she is thinking to buy a policy and if the company is serving the customers with the facility of Term Insurance since long or the company is new to the concept of term insurance.
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Claim settlement ratio: Before buying a health insurance policy you shall check the company's credentials and track record in terms of claims settlement.
Claim settlement ratio: Before buying a health insurance policy just check the company's credentials and track record in terms of claims from which you will be assured that your claim will not be treated improperly.
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Submission of the transfer - of - ownership forms and escrow of funds — when the life insurance provider receives the completed life settlement contract documents in the closing package, it makes a formal request to the life insurance company for the transfer of the policy's ownership.
If a company has a low claim settlement ratio, it makes no sense to buy its policy irrespective of how cheap its premium is.