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In CA will a speeding ticket received in a commercial vehicle affect your personal auto insurance premiums?
Wiki User
∙ 13y ago
Yes
Wiki User
∙ 13y ago
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Do you pay taxes if you are on disability and received a 1099?
It depends on how the premiums for the disability insurance were paid.
In MA will a speeding ticket received in a commercial vehicle affect your personal auto insurance premiums?
"In MA will a speeding ticket received in a commercial vehicle affect your personal auto insurance premiums?" Truck drivers with a CDL license are held to a higher standard than other drivers. New laws prevent a CDL driver from keeping a speeding ticket off his record by taking traffic school or a deferment. The only thing you can do is to contest the ticket and get it reduced or dismissed. Many violations are classified as serious for a CDL driver and two serious tickets in three years means a license suspension regardless of the number of points he still has on his license. This applies even if the tickets are received while driving his personal vehicle. Any ticket on your MVR will increase your personal insurance premiums. As a CDL driver you now have less options to keep your record clean and some companies will terminate a driver with three citations on his record. If you are a CDL driver you always need to know your options and the consequences before you plead guilty by just paying your speeding ticket. lwpat http://www.speedingticketcentral.com
Does a life insurance have to prove that premiums were not paid?
No. How can they prove that nothing was received, if nothing was received? The person who was supposed to pay for the policy should have cancelled checks or bank statements indicating that premiums were paid.
What is uncollected premium?
Premiums not yet received by the insurance company. However, to carry the uncollected premiums as an asset on the insurance company's books, the premium must also be due. The due and uncollected premium asset can include premiums that are unpaid for upto 90 days (3 months).
What is the taxability of insurance money?
This depends on the type of insurance money and who paid the premiums for the insurance for the insurance money that was received and what reason was the payments made. A LOT OF MISSING INFORMATION NOT INCLUDED IN THE ABOVE QUESTION.
If you received a ticket for careless driving but the officer said the accident was unreportable will your insurance premiums increase?
When the insurance company finds out about it, possibly. I imagine that it depends on your insurance company, but I'd say yes.
Where can one compare Mitsubishi car insurance quotes to find the lowest premiums?
Insurance quotes can be received by anyone from any number of different companies. The range of premiums offered can be significantly different but one must remember to read the fine print to ensure all the coverage is as expected when weighing the value of the policies.
Are insurance settlements taxable?
Generally settlements are not taxable. Some insurance payments are taxable in certain circumstances. Disability payments received on a policy that the premiums were completely paid for by your employer would be taxed as ordinary income.
If your home was lost in a fire and you received an insurance settlement and built a new home on the old basement can you get insurance money if something happens again?
Yes. As long as you keep the premiums paid, once it has been rebuilt you should have the same insurance coverage as before.
Are premiums on life insurance of key officers a permanent difference?
Life insurance premium expense when the corporation is the beneficiary is a permanent difference. It is deducted for book income but not for taxable income. And the proceeds received on such policies result in a book gain but are not taxable.
How do you find your account new world life insurance company?
I have had the account closed that the premiums were debited from & have not received anything from Farmers in regards to this policy when I inquired prior to the credit union closing.
Why did your health insurance insurance send you check?
Under health reform, insurers have to spend a certain percentage of their revenues (your premiums) on medical care and on improving quality of care. If they spent less than the target percentage, they have to refund money to you. That is why you received a check.
