Sentences with phrase «used by policyholders»

This type of exclusion is commonly used by policyholders who live with someone who has a poor driving record and would significantly raise the premium.

Life insurance dividends are unique to participating whole life insurance policies and are used by policyholders to:

Life insurance dividends are unique to participating whole life insurance policies and are used by policyholders to:

This provides ease of access and use by the policyholders.

In this case, the payment made by the insurance company to the policyholder may be used by the policyholder to replace the old, damaged car with comparable quality: a car of 10 years with similar mileage.

Penn Mutual array of customer services enables ease of access and use by the policyholders.

These payouts, called Survival Benefits, aim to liquidate some of the financial assets from the plan for use by the Policyholder

Not exact matches

We'll use the example of a fire which was negligently caused by the policyholder.

The cash value can also be borrowed against as a loan and used for various expenses by the policyholder.

In addition to damages caused by a fire, coverage also commonly includes loss of use coverage for situations when a policyholder must evacuate their residence.

Combined ratio, also called «the combined ratio after policyholder dividends ratio,» is a measure of profitability used by an insurance company to gauge how well it is performing in its daily operations.

Allianz Global Assistance services, which every policyholder can use, are easily accessible by the carrier's TravelSmart app, which is available for both iOS and Android devices.

Policyholders properly have been concerned that an insurance company that controls the defense of an action potentially covered by the carrier's duty to indemnify will use that control to avoid that very same indemnity obligation.

The action seeks the repayment of all amounts improperly removed from the participating policyholders» account, appropriate interest or other compensation for the loss of the use of the removed funds, disgorgement of any benefits obtained by the Defendants from the use of the funds and an order compelling the payment of dividends, bonuses or other benefits to the class.

The action was brought on behalf of a class of people defined as follows: The action relates to a transaction whereby $ 40,000,000 was taken from the participating policyholders» account of GWLAC and used towards the financing of the acquisition of London Insurance Group Inc. (the parent company of London Life Insurance Company) by GWLAC and Lifeco.

The bad faith practices used by insurance companies can occur on a nationwide scale and affect thousands of policyholders.

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.

Such databases store policyholder information provided by insurers that authorities use to instantly verify whether or not a vehicle is properly covered.

Companies set premiums by using rating classifications that are developed by determining the risk of insuring potential policyholders who fall into...

In addition some life insurance companies provide their policyholders with an additional incentive by offering some kind of discount for automated payments made using a bank account or credit card.

Sometimes, a life insurance agent and the policyholders» lawyers will construct a financial plan reducing the tax burden of wealthy individuals by creating trusts and using survivorship life insurance as part of the estate - planning strategy.

However, IRDA has initiated a step of prescribing standardised illustrations to be used by all life insurers at the point of sale to protect policyholder's interests.

Founded in 2002, KTX Insurance Brokers is an innovative brokerage that created its customer base with thousands of policyholders by using the Internet to market its products.

We'll use the example of a fire which was negligently caused by the policyholder.

When the policyholder dies, his or her beneficiaries will still receive the death benefit, but it will be reduced by the amount already used for medical care.

The LIFE FUND is used to fund benefit payments for the benefits selected by the policyholder.

The policyholder also has the option to reduce the sum assured amount by using the Step - down Option.

By using an agent to purchase insurance, the policyholder receives more personal service.

Under this proposal, plans will continue to be able to use the rebate to reduce the subscribers» portion of premium for the subsequent policy year (including by spreading it over the 12 months of the policy year) as long as the subsequent policy year commences within 3 months of receipt of the rebate by the group policyholder.

In this proposed rule, we propose to amend the provisions for distribution of rebates in § 158.242 (b) to require group policyholders of non-Federal governmental plans to use the subscribers» portion of the rebate for the subscribers» benefit within 3 months of receipt of the rebate by the group policyholder.

This report is used to verify information provided by insurance applicants and policyholders.

To help keep rates affordable for all Farmers customers, we must occasionally cancel a policy if a policyholder becomes a high risk - for example, by filing multiple claims within a brief time period, causing an accident while under the influence of alcohol or drugs, or taking unnecessary risks (careless use of flammable liquids, reckless driving, etc.).

Known within the auto insurance industry and investigatory agencies, «price optimization» is a practice by which insurers use a high - tech data - mining tool to identify loyal policyholders who are potentially the least likely to shop for a new insurance carrier — then charge them more for that loyalty.

The dividend received by the policyholder can be used in several different ways.

Auto insurance policyholders can use Nationwide Mobile to get step - by - step instructions following an accident, to begin the claims process, and to find local vehicle repair shops, among other handy features.

A: By using an independent agent such as Novak Insurance Agency, the policyholder receives more personalized service.

It is a fast servicing channel which can be used by existing policyholders also.

It is also an efficient and prompt servicing platform which can be used by existing policyholders.

By using free switches, policyholders are able to move their investment between different asset classes like debt, cash and equity, depending on the risk appetite.

The vesting amount that is paid by the policyholder is used to purchase an immediate annuity plan.

Premium Top - Ups: If the policyholder wishes to increase the amount of premiums being paid for the ULIP, he / she can do so by using the Premium Top - up feature of this plan.

Insurance companies are allowed by the regulator to illustrate the money that policyholders will get using 4 % and 8 % as gross investment rates of return.

In case of instant Annuity, a lump sum is payable by using the policyholder and annuity bills starts right now from the subsequent duration decided on.

Flexible universal life insurance allows the policyholders to pay the premiums by using the tax - deferred cash value account that the insurance comes with.

Allianz Global Assistance services, which every policyholder can use, are easily accessible by the carrier's TravelSmart app, which is available for both iOS and Android devices.

The Commuted Value is calculated by using a discount rate of 5.7 % per annum from the date of receipt of the request for opting commutation and it is paid as a lump sum amount to the policyholder or nominee.

A portion of the money is used to invest in stocks, bonds, and debt funds as chosen by the policyholder.

In addition, the cash value — which grows at a set rate that is determined by the insurance company — can be borrowed or withdrawn and used for any need that the policyholder sees fit.

Payment is permitted only by using a personal credit / debit card by the policyholder and no third party payment of renewal premium is permitted.

By using statements such as «balance policyholder rights and revenue reserve,» she shows the hiring manager that she has experience in the field.