Sentences with phrase «violation of its group insurance»
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.
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A group health plan or health insurance issuer or HMO, or their business associate on their behalf, may perform such analyses for an employer customer and provide the results in de-identified form to the customer, using integrated data received from other insurers, as long as protected health information is not disclosed in violation of this rule.
Drivers under the age of 25 Drivers who are under the age of 25 have the highest premium rates because auto insurance companies believe that these group have a higher risk of committing traffic violations which will make them more prone to accidents and car damages.
If you have multiple violations in one incident, such as exceeding the speed limit, at - fault accident, and not yielding to the right of way, for instance, often only the highest violation from that group will be counted on your insurance record.
Although this is a violation of insurance practices in all states, the consumer groups maintain that some insurers are engaging in the discriminatory behavior, resulting in drivers with the same risk profile being charged different rates.
Rack up a combination of the nastiest violations plus a few accidents, and insurers may even refuse to cover you, says Loretta Worters, spokeswoman for the Insurance Information Institute, a trade group.