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Does a life insurance company have a legal to inform beneficiaries of an unclaimed policy?
Wiki User
∙ 10y ago
Well, life insurer has the legal responsiblity to intimate the beneficiary during maturity of the policy. But though it is not legally binding, the life insurer ought to send reminder to the beneficiary about unclaimed policy amount, to maintain cordial relationship with the insured/beneficiary of the policy.
Wiki User
∙ 10y ago
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Do we need to inform other Insurance company about an existing insurance policy?
yes you need to inform them
What do you do when you find out you were the beneficiary of a life insurance policy but the policy has been paid out to someone who was not the beneficiary?
Send a certified letter to the insurance company explaining your claim and include a copy of the proof you have that you are the beneficiary. Keep in mind that beneficiaries can be changed and the insured may have filed a change in the beneficiary. If so, the insurance company will inform you.You could begin with a call to the insurance company and ask about the correct person or department to whom your letter should be directed. Or, you may be able to initiate your inquiry through the phone call.Send a certified letter to the insurance company explaining your claim and include a copy of the proof you have that you are the beneficiary. Keep in mind that beneficiaries can be changed and the insured may have filed a change in the beneficiary. If so, the insurance company will inform you.You could begin with a call to the insurance company and ask about the correct person or department to whom your letter should be directed. Or, you may be able to initiate your inquiry through the phone call.Send a certified letter to the insurance company explaining your claim and include a copy of the proof you have that you are the beneficiary. Keep in mind that beneficiaries can be changed and the insured may have filed a change in the beneficiary. If so, the insurance company will inform you.You could begin with a call to the insurance company and ask about the correct person or department to whom your letter should be directed. Or, you may be able to initiate your inquiry through the phone call.Send a certified letter to the insurance company explaining your claim and include a copy of the proof you have that you are the beneficiary. Keep in mind that beneficiaries can be changed and the insured may have filed a change in the beneficiary. If so, the insurance company will inform you.You could begin with a call to the insurance company and ask about the correct person or department to whom your letter should be directed. Or, you may be able to initiate your inquiry through the phone call.
Do you need to inform the insurance company about your speeding ticket in Canada?
No you do not need to inform your insurance company of a speeding ticket you have obtained. You do need to be sure you pay your ticket to avoid having your registration canceled.
Can you be the main driver on Insurance on someone else's car?
Yes, as long as you inform the insurance company.
Are you obligated to inform your insurance company if you move in-state and will your rates change?
Yes and maybe.
What happens if insurance replaces stolen items then the police recover and return the stolen items to you?
I recommend you contact your insurance company, and inform them of the recovered goods
Can an insurance company inform the beneficiary of how long a policy has been in force and if it covers a suicide?
Do you have the policy owner's permission?
Can someone be added to a car insurance policy that is not a family member?
Yes, If someone will be driving the car, it is recommended to add inform your insurance company and have them added to the policy.
What happens if the other driver fails to inform his insurance after an accident?
I can only speak for Florida because that is where I live and it is a no fault State. In Florida it really would make no difference to you if the other driver did not inform his insurance company of an accident. Really, you would only have to file a claim with your own company and contact his insurance company after the accident. I would just make sure you have the other drivers info so that you can contact them about the accident.
How do you figure the amount of premiums paid into life insurance policy?
The premium is calculated on the basis of many factors. The insurance company will calculate the premium and inform you before you buy the policy.
What does the company Car Crash Line do?
A Car Crash Line provides a emergency service to contact your insurance company to inform them about the car crash that happened and they will explain in detail.
Can employer cancel health insurance upon termination?
Technically employer should inform the insurance company when they terminate any regular employee. Then insurance company will give 31 days window after termination date. That way, the emplyee could able to change their insurance either to new company benefits program or convert to individual health insurance. The employer can't terminate your group health insurance.
