An insurance contract that systematically liquidates accumulated cash value through periodic payments?
is fire insurance or medi claim (health ins) or motor insurance or life insurance which of them is a contract of indemnity Read More
An insurance contract is needed to specify the exact terms of the insurance. Read More
all types of insurance is not a contract of indemnity because life insurance cannot b measured in terms of money , that is why it is not a contract of indemnity Read More
If insurance is required by your contract then the 'wrong' insurance might be a contract violation allowing repossession. You have to read your contract. Read More
insurance contract is the contract of utmost good faith and general contract is the agreement between two parties and enforceable by law. Read More
The Insured of the policy is obviously the Principal in a life insurance contract. Read More
The Insurer and the Insured are parties to an insurance contract. Read More
there are four elements of insurance contract... offer,acceptance,consideration... Read More
Insurance contract with an insurance company Indemnity bond Read More
as it differentiate insurance contract from other commercial contract so it is important.A contract of insurance is a contract of Utmost good faith technically known as uberrima fides. The doctrine of disclosing all material facts id embodied in this important principle which applied to all forms of insurance. Read More
A property is not a contract or a business. A liability insurance policy is a kind of contract but not a business. the answer is b... Read More
There are insurance programs offered that provide plaintiffs or defendants involved in contract suits insurance coverage after a litigation has been filed. The program is called Contract Litigation Insurance and was created by Sonoma Risk Insurance Agency. Read More
Nothing, an insurance policy is a contract. To know exactly what is in your contract/ policy and make sure there are no suprises. You can e-mail an expert for free at (firstname.lastname@example.org) Read More
A written insurance contract is called an 'insurance policy.' Read More
A contract binds both parties to the agreement. Read More
Yes, you can. Ask your insurance company for a "broadform" contract. This contract insures you for every car you drive. Read More
None. Your auto insurance policy is a contract of indemnity. Not a contract of profit. Read More
A liquidated damages clause Read More
Can a car be repossessed because of no collision insurance when standard insurance was active on the car?
If your contract requires full coverage and you do not have full coverage, you are in violation of the contract. Read More
In many cases when you enter into a contract, whether it is a contract for work, a lease agreement or any other type of contract, there will be clauses covering insurance and indemnification, which is a fancy word for covering someone else's financial loss. Liability insurance provides money to cover losses to others due to negligence on the part of the insured. In this case, the insurance company is indemnifying the insured. If there is… Read More
you can't, but you can if you have a letter from a carrier showing you intend to contract Read More
Why is copay on health insurance not a crime since you already pay monthly payments to the insurance company?
Because it is provided for in the contract of insurance (policy) in which you entered. If the information that there was a co-pay (or a deductible) is NOT in your insurance contract, or was not made clear to you at the time you entered into the contract, then that could very well constitute a crime. If you believe you were defrauded by a company then you should cancel your health insurance policy and contact your… Read More
No, They are two separate legal documents with entirely different purposes. An insurance policy is a contract between the insured and the Insurance company. The insurance company is bound by the contract to pay the beneficiary designated by the insured policy owner. Life insurance proceeds are for the designated beneficiary. Heirs in a will are designated inheritance of estate by the will. A will is not a contract, it is a document of assignment. Read More
Yes, An insurance policy is a legal contract of indemnity. Amendments and endorsements are changes that become a part of that contract. Read More
Contractual liability insurance is something purchased to protect a person entering into a contract, when that contract means that they agree to be responsible for any liability. Read More
If you are named beneficiary on an accident life insurance policy and your relationship to owner is listed as wife but never legally married are you still entitled to receive payment?
The Insurance company should ideally check the validity of the relationship (whether legal spouse) at the time of issuing the contract or at the time of naming the beneficiary. Again the basic essence of Insurance contract is the valid insurable interest. I presume the Insurance contract is binding on the insurance company and the surviving spouse need to be compensated with the benefit amount of the Insurance contract. Read More
That depends on the individual contract. Insurance products differ. Read More
It is called in insurance policy. Read More
Insurance policy Read More
A person who acts on behalf of an insurance company in the solicitation of an insurance contract is known as?
Agent Read More
What is the purpose of a contract? Read More
8 Which is the document in Insurance which can be called the Documentary Evidence of Contract between the Insurance Company and the Insured?
That should be your declarations page. It is a binding contract between the insured (you) and the company. Read More
An insurance agent has a contract with an insurance company which specifies his rights; but basically an agent has a right to be paid a commission for the insurance that he or she sells. Read More
It depends on the language in the contract and the type of insurance, but generally the answer would be yes in most states. For example, automobile liability insurance policies are generally able to be cancelled anytime by the insured. You don't have to wait for your policy to come up for renewal before switching to another insurance company, for example. Read More
It depends on the type of insurance, the terms of the contract and the circumstances. Read More
What are clauses in the insurance contract that specify the losses that are not covered by the insurance?
There are 2 categories of these: exclusions and exceptions. Read More
Insurance and Reinsurance contracts are contracts of utmost good faith. There is accordingly a duty of full disclosure. Unlike ordinary contracts, non disclosure will operate to allow avoidance of the contract Read More
Sure. If it is part of the contract and you sign the contract then you must abide by the contract and purchase the homeowners insurance. The policy you would need to get is an HO-4 which is for renters. It covers you for loss to your contents and liability as well. Read More
English Read More
Yes. All finance contracts have requirements for providing and maintaining Comprehensive and Collision coverage on a vehicle being financed under the contract. If you allow your insurance to cancel without providing replacement coverage, you have violated your contract and the vehicle will be repossessed. Read More
Yes, If your auto finance contract requires you to have insurance on the vehicle and you fail to meet that obligation they can certainly repo the car for violation of your contract terms. Read More
Nothing is obtainable free in this world. So, obviously you are to pay premium for obtaining a contract of insurance against a risk Read More
No. An insurance policy is a kind of contract, and a contract cannot be enforced against a minor. An insurance company would be foolish to issue a policy whose conditions could not be enforced. Read More
No. The insurance must be in the name of the owner of the vehicle. An insurance policy is a legally binding contract and if one party does not own the vehicle then the policy and thus the contract is void. The insurance company cannot pay a claim on a vehicle if the owner is not party to the contract. They also cannot legally pay the owner because they are not an insured person under the… Read More
They are not the same. Homeowner's insurance insures the property: dwelling, personal property, other structures on the property, etc. Private mortgage insurance pays the mortgage in case of the death or disability of the mortgagor. Read More