I have an indiviual policy with an insurance company I can purchase a group policy through my employer Its with the same insurance company Can I use both policies?
Two different policies (different policy ID numbers) should mean you should not have to pay anything out of pocket. The primary will pick up 80% (in most cases), and the secondary should pick up what the primary didn't pay. This usually includes deductibles, but that would depend on how high a deductible you have on your policies. Insurance companies are getting very 'stingy' of late and might try to not pay what they should; and tell you why, if you inquire, in their legalize language that even the Supreme Court of the USA has trouble understanding at times, even when it's not even a political type issue.
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Answer . \nAs a general proposition, insurers and plans cannot cancel an individual's coverage under a policy or plan arbitrarily. In addition, federal and state laws prohi…bit discrimination based upon race, national origin, gender or age. Some states have been proactive, as well, in the area of discrimination involving particular medical conditions or traits. For instance, some states prohibit insurers and plans from denying health care coverage to, or canceling health care coverage of, persons with mental dementia (such as Alzheimer's disease) or human immunosuppressive virus (HIV) or mental illness.\n. \n. \nHealth care insurance policies or plans can be canceled (rescinded) if there is a material omissions or misrepresentations made by the insured or member in the application for coverage. Recession, in general, works as follows: when you apply for insurance and sign an application, you answer questions and provide information about the medical history of anyone who will be covered under the policy or plan. In doing so, you must reveal any serious medical condition or treatment that might reasonably affect the decision by the insurer or plan to undertake the risk associated with providing the coverage.\n. \n. \nEven if the policy or plan is issued and premiums are paid, the insurer or plan can cancel or rescind the policy later if they discover that the policyholder or insured did not disclose in the application significant medical history. The result is that the insurer or plan does not pay for the care that was rendered, the policy is canceled and the premiums that were paid on the policy are returned to the policyholder less a reasonable cost of insurance associated with the period of time during which the policy was in force.\n. \n. \nA limited form of cancellation can occur involving reduction or elimination of benefits. Other than a requirement of reasonable notice, insurers and plans may reduce or eliminate benefits, unless the contract or plan prohibits it or limits it. In some states there is a major exception known as "vesting," which means that if the insured or member already has a claim or has received benefits for a particular injury or illness, they may continue to receive the benefit even if it is otherwise canceled.
As of June 2007, no such data base exists.
If a company has purchased group life insurance for its employees and is then acquired by another company is the group life insurance policy still valid?
Answer . Yes, until renewal time. Rarely is there a problem with keeping the same coverage, because that is a big money make for insurance companies. (group life)
My husband and I both have group health insurance through our employers His policy is MUCH better than mine and I am a dependent on his policy as well Should I drop my policy from my employer?
Your example is quite common and a detailed look at the two policies may identify weakness in one that is stronger in another. Unless the better plan truly has everything you …will need and offers 100% dental /drug/vision coverages, most plans only cover these benefits to a percentage or perhaps even a dollar amount.. Your best coverage is obtained by retaining both plans and having them co-pay your coverage. That means that your husband's plan will pay the first portion of a benefit up to it's limit, then your plan pays the balance with him as the dependant. Same goes when you receive benefits (your plan first, his plan for balance).. Co-pay is ideal for families as kids may need more benefit frequency or things like braces that may not be covered in full on either plan, which at least will reduce the amount you will have to pay.
No, altho it may help to look into it as each policy has a built in policy fee and you also get a lower cost per $1000 with the higher face amount you go.
No. The general rule of this sort of insurance is to put you back in the position you were before the incident. So the companies would not both pay but agree between them how …much each would pay - probably but not necessarily half each.
Yes, They can and sometimes do issue a notice of non-renewal. It happens.
Great Eastern, check with bank negara report. The biggest insurance company in Malaysia
It is the Homeowners responsibility to provide property hazard insurance under the terms of your mortgage. If the Mortgage company has to purchase it for you then it means yo…ur already in violation of your Home Finance Contract and subject to default.
It's American Commerce.
In Cars & Vehicles
lose your right to claim Part 7 benefits , . lose your right to have your accident-related vehicle repairs paid for by ICBC, . lose your right to have ICBC defend you in a …lawsuit for damages as a result of a collision, . lose your right to have ICBC indemnify you for any court judgment against you or settlement paid out as a result of your negligence. This means that not only can you lose your insurance benefits, you may ultimately have to pay the costs of a court judgment or settlement for the injuries/damages caused in a collision. In the most serious cases this can result in millions of dollars of personal exposure!
In Life Insurance
Types Of Insurance: 1. Health Insurance 2. Disability Insurance 3. Life Insurance 4. Automobile Insurance 5. Theft Insurance 6. Travel Insurance 7. Property Insu…rance etc
In Auto Insurance
Lots. It probably starts that way because it is a business auto policy. See BA - business auto. Many companies use PA for personal auto. Some do some don't. Good Luck. Call th…e owner on the accident report or call the police who wrote the report and see if they will get it for you. Probably not.
Two of the companies that deal with boat policies are Allstate and Progressive. State Farm also carries boat insurance.
Legacy Insurance (888-793-7888)Companies are always changing their policy numbers as some of the bigger companies buy out some of the smaller companies so Legacy might not be …the only one but it does contain "CAL" for sure.