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How long does an employer or insurance company have to notify beneficiaries of a policy when one of their employees dies?
Life InsuranceWhy would you wait? Notify them! I would think wifey would know that Hubby deceased already.
Answer If you have an accident in the first 60 days of your policy,, Yes They can cancel your policy
Answer need a little more info to help you on this.......if the policy actually canceled.....(most not all) have a ten day claus, if paid within the ten days, bu…t they are NOT required to have this claus.........sounds like it canceled if you were 'reinstating' rather than 'renewing' NO there will not be coverage........sorry
Can a company stop paying health insurance premiums causing the insurance to be cancelled without notifying employees although employees are still paying for insurance?
No. I don't have the citation off hand, though. If nothing else you'd probably qualify for HIPAA.
I cancelled my home insurance with one company and opened a new policy with a different company but had overlapping coverage for a short time am I entitled to a refund.?
It depends on whether you have a mortgage loan or not. The previous insurance company will send you a check for the excess amount paid to them, but if there is a lien on your …property and your insurance check is set up in an escrow account, then you will have to sign and forward that check to your lender. That money will then go into the escrow account and sit there until the lender does a yearly evaluation and sees that your escrow account has an excess amount of money in it. Then you will get a refund on your overpaid insurance premiums. I am going through the exact same thing right now as I have just recently switched companies myself.
No, It would be illegal. They must contact you to make a change to your warranty or any account related to you.
There are only a few reasons that your insurer could cancel a policy mid-term (as opposed to non-renewal). Material misrepresentation-You provided information on your… application that was not accurate. Change in risk-Your risk profile has changed substantially since your policy was agreed to. Perhaps you've filed numerous claims, made a substantial change to your property, or allowed something to fall into a state of disrepair. Non-payment-Insurers will quickly cancel a policy that is in arrears.
An insurance company will normally only cancel a policy for two reasons (1) the item being insured no longer exists or (2) the insured (you) has breached the conditions of the… policy. Even if an insurance company decides not to cover a particular risk, they will normally let any existing policies run out and then not renew them. If a policy is being cancelled, you must find out why. If you don't agree there will be a way of complaining or appealing. Find out how to do that. You must maintain cover either by persuading the insurer to extend cover (maybe at a higher price or with a higher excess) or by obtaining new cover elsewhere. Note that you must tell the new insurer that the old insurer cancelled your policy. If you fail to do that, they can escape liability on the basis of your failure to disclose material facts.
Base on state regulations, there are many reasons a company can cancel an insurance policy. If you paid for a year and they cancel you after 1 month, you will only be charge…d for 1 month of coverage and the other portion should be refunded to you.
It depends on what insurance it is. If you're talking about individual insurance I'm pretty sure that yes. But in cases like Business insurance, you might have to go through s…ome authorization and forms to sign before you can actually cancel.
Simple. There really is no such thing as a no-cancellation policy. Read the fine print and you will see that there are many reasons that the company can and will cancel the po…licy. Such as not paying the premium, too many claims, suspended license, etc. This was a marketing gimmick devised by AARP to scare older drivers into thinking their insurance company would cancel them because of their age then coming up with a solution in a "no-cancel" policy. AARP is terrible about trying to keep retired persons scared of everything they can come up with then misrepresenting themselves as a solution while in reality just making money off of them. Scams.
It is very rare that an insurer would cancel your policy after a single claim unless the insurer determines that the claim was the result of some severe negligence or a persis…tent moral hazard such as lack of maintenance. Multiple claims however are another matter. Excessive claims activity usually will result in the companies reassessment of the risk factors associated with a homeowners insurance policy.
Yes. Depending on the state and for what reason the policy is being cancelled, this determines the number of days that prior notice is required by the insurance company to pro…vide to the policyholder.
No, the Insurance Company has no right to cancel policy even if you sue them, unless you have failed in timely renewal or did any contractual violation like concealment of fac…ts, that can jeopardize the basic objective of an insurance policy.
Anytime you renew your car insurance fail to renew it cancel it or the insurance company cancels it the insurance company must notify?
This will depend on the regulations of the jurisdiction where you live. Until a few years ago no one was notified here in Georgia. Now in Georgia the State Department of Motor… Vehicles is notified every time a policy is written, cancelled, or vehicles removed. It is kept up with by individual vehicles and based on the vehicle serial numbers. One day without coverage will generate a fine and if stopped while driving a vehicle without insurance will get the vehicle impounded. The policy departments even have an instrument that works similar to a radar gun and shows the officer whether or not the registration and insurance is up to date with an immediate answer shown on the screen.
If you are referring to damage on your vehicle that your insurance has paid for then yes they can cancel your insurance if you don't complete the repairs. Also, another consid…eration is that you don't show "pride in ownership" which is an insurance term meaning that if you don't take care of your vehicle properly you probably aren't as careful about caring for the vehicle. They may allow you to keep liability coverage on the vehicle if you don't want to keep the physical damage coverage.
In every state I am aware of, the insurance company sends you an offer to renew and a bill. If you don't pay it there is not a cancellation that is required to be sent out… after that. Most companies send you more than one billing but they are not required to and you cannot blame the insurance company for this error. The renewal is the only time that you do no have a period of time after the payment due date. The renewal is also the only period that the company is not required to send you a cancellation notice with a cancel date on it because the renewal date is your cancellation date.