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I am not sure what you mean by 'overpayment', but in many cases a policy is initiated with expected criteria. At the end of the policy period, the carrier may audit the criteria and if it is discovered that the expected premium was too low to cover the insurance company's exposure then they can demand the difference in the premium earned and the premium paid.
What else can I help you with?
When the government builds a new aircraft carrier this is part of which component of aggregate demand?
When the government builds a new aircraft carrier this is part of which component of aggregate demand
Are insurance agents high in demand?
Yes; the demand for insurance agents is expected to continue to increase in the future, based on the increase in variety of products. In addition, growing population leads to an increase in demand for various types of insurance.
Are insurance recruiters in demand?
Insurance recruiters always seem to be in demand. The problem with this, however, is that insurance recruiters generally work off of commission and with the economy the way it is, the number of people purchasing insurance is decreasing.
What is service-elasticity of demand?
Modal and specific carrier demand is also service elastic. Assumming no price changes, the modal or specific carrier demandd is much more sensitive to changes in service levels provided
What has the author Madhur Gautam written?
Madhur Gautam has written: 'Rural demand for drought insurance' -- subject(s): Disaster Insurance, Droughts, Insurance, Disaster
Demand and supply in relation to the price of insurance premiums?
Nearly all commercial transactions in fairly free markets are subject to the law of supply and demand.
How long does it take to settle a insurance claim after demand pack is sent?
7 days
Are health care providers obligated to accept payment from a secondary insurance at their fee schedule when the provider does not participate with the the patient's primary insurance?
It has been my experience that providers of health care are not obligated to accept secondary or even primary insurnace coverages if they are not under contract with that insurance company. I believe they are free to accept no insurance coverage at all and demand "cash" up front if they so desire. This would leave it your responsibility to sent the bill to your insurance(s) carrier(s) and get direct payment assuming they cover out of panel care. Some providers can not refuse you care even if you had no insurance but you would be responsible for the cost of care.
Can you be charged by your insurance because they paid out too much?
Yes, If your insurance company determines that they overpaid or were overcharged on a claim they can request or even demand repayment.
Does Allstate auto insurance cover rental car insurance in the US?
They do it on your demand of coverage. Car rental companies dont add you insurance in car rental amount, Its just like you book flight ticket there is option of choosing insurance or not.
Has the cost of boat insurance decreased because of the recession?
Yes, the cost of boat insurance has decreased because of the recession. Less people own a boat now and that has led to the decrease in demand of boat insurance.
What is the phone number for Bank of America insurance department for home loans in fort worth Texas?
Updates/Changes to Insurance Policies:Phone: 1.866.265.3321Payoff Demand Requests:Phone: 1.800.669.5833
