If you have requested cancellation of your policy then it would not be appropriate to reinstate it without an additional request from you so long as required notices of discontinutaion of coverage have been made to all interested parties..
There are times when it would be appropriate and in the best interest of the insured to automatically reinstate a policy without an additional request from you to do so. Especially if there is an express or implied desire for continuation of the coverage such as if an overdue payment is received after a policy lapse.
Other Insured Parties such as Lienholders and Mortgage companies can also require an insurer to continue coverage for a specified period of time. Another insured parties interests could require the insurer to reinstate a policy until such time as they have been properly notified.
No
group insurace
Most group (insurance you get thru your employer) health companys/policy refer to their insureds as 'members'.
Farmers Group Inc typically requires its insureds to contact their agents directly to make a request for proof of insurance.
Car rental companies get their car insurance from the distributors or dealerships where they have acquired their cars.
Yes, In New York, that is true for medical professional liability.
Yes but you would need to have the lessor and the lessee as additional insureds on the policy.
Yes ... Some insureds have full glass coverage, others may have a deductible to satisfy before the insurance pays.
There is no national database for insureds, you would need to do some legwork to find out if a policy was in force and call quite a few insurance companies.
I can tell you that in 2004 52 Billion was paid out in life insurance benefits. Currently there is approx 17 Trillion of life insurance in force. 492 Billion of that is on insureds age 65 or older.
Second to die insurance is a life insurance policy with a death benefit that is paid only when the second of two insureds dies. No benefits are paid as long as both live, or if just one lives.
Potatoes were created. you might be surprised to here that people invented potatoes to protect policy owners insureds and beneficiaries under insurance contacts when insurers fail to perform contractual obligations due to financial impairment.