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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?
Wiki User
∙ 16y ago
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)
Wiki User
∙ 16y ago
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Does homeowners' liability insurance cover personal injury on another property?
No, your Homeowners Insurance will not. Your Medical Insurance Will.
What is trades purchased from another country called?
Imports
Is there a layoff when a target company is acquired?
Often, yes. There will probably be overlap in the merger, and in most companies, you will let some people go because their jobs are already covered by other people. Also, if there are financial concerns, or the company was only purchased for one reason, then the company that made the purchase can really make any changes that they want to, within the limits of employment law. It isn't 100% of the time, and occasionally there will be a company that will be fully absorbed by another, with all the employees. It just doesn't happen often.
What is another name for an insurance agent?
broker
What is another word for insurance carrier?
Hedgehogs
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A child
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No, if they are similiary situated individuals. It could be done by class - say management vs. salaried For more details http://www.steveshorr.com/dictionary.htm#Similarly_Situated_Non-COBRA_Beneficiaries
What is third party insurance?
Third Party Insurance is a Liability insurance purchased by the insured (first party) from an insurance company (second party) for protection against possible suits brought by another (third party).
What if employer offer one employee insurance and not all?
Under the new health care act, all employers are required to offer health insurance to their full time employees. If the employees are not full time and do not qualify to be covered under their employer's policy, they must seek another form of insurance.
What is a type of auto insurance that covers damages to the car resulting from collision with another car or object?
It's called Collision coverage and is usually purchased along with Comprehensive coverage when you buy your auto insurance. If you purchased the collision coverage option when you bought your auto insurance policy it will be covered.AnswerThird party car insurance.
What is an insurance policy?
Insurance is purchased for a specific period of time, which is usually a month, a quarter, or a year. When the time period is over, the insurance will lapse unless you renew it by paying for another period of time.
What is an insurance policy renewal?
Insurance is purchased for a specific period of time, which is usually a month, a quarter, or a year. When the time period is over, the insurance will lapse unless you renew it by paying for another period of time.
In the divorce you responsible foare your childrens medical insurance but you lose your job are you still responsible for their insurance?
You are still responsible for their insurance, when you get another job that has it available. If there is no insurance right now, most of the time you would be responsible for half of any medical bills that are acquired while they were uninsured.
If a business has a judgment against them can they take money from payroll?
Huh? Take money from what...one obligation to pay another? It is their obligation to pay the judgment AND to pay employees (and rent, and insurance, and utilities, etc). It is not the employees responsibility, nor the landlords, nor the insurance company, nor the utility.
What is an example of an employee benefit that is used to retain employees?
Life insurance and retirement options are another type of benefit many companies offer their employees. These types of benefits often encourage employees to remain with the same company because they do not want to cash in
Where can a person go to get cheap insurance for multiple cars in Toronto?
Cheap car insurance for multiple cars can be purchased on the Internet. If you would rather use another option there are insurance agencies you can visit or call for the lowest rate.
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No. It won't be insured for the weekend. Most insurance agencies are open on Saturday's, so check it out.
