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Insurance companies have re-insurers to protect their assets.

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โˆ™ 2012-03-09 14:10:01
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Q: Does insurance company are insured
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What is the difference between a company that is fully insured and one that is self insured?

A company that is fully insured goes to an insurance company and buys insurance. A company that is self insured does not buy insurance and plans to pay any claims out of the companies "pockets". For instance, if you own a home but choose not to buy home insurance, you are self insured if you should have a fire.


Name of insurance company who insured Titanic?

the Atlantic mutual insurance company from New York insured the titanic. Company paid $100000 in hull coverage.


Can you have one car insured by one company and another car insured by some other insurance company?

Yes.


Will an insurance company defend an additional insured when the named insured is not named in the lawsuit?

YES


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.


How can I get my company vehicle insured in Montana?

You can get company vehicle insurance at www.iaai.com.


Can you explain life insurance in very simple terms?

Very basically, insurance is a contract (called an insurance policy) between one party (the insurance company) and another (the insured). In the case of life insurance, it is a life that is being insured. In return for the periodic payment of money (called a premium) to the insurance company, the insurance company agrees to pay a sum of money when the insured (whose life is insured) dies. The money is generally paid to the person (or sometimes an entity, such as a charity) that is designated in the insurance policy as the beneficiary. The beneficiary is designated by the insured when the insured buys the insurance but can usually be changed up until the time of death.


How do you know if a car was insured in the year 2008?

Call the insurance company that the owner uses and ask them if it was insured. If you aren't sure what insurance company was used, DMV records should say whether the vehicle was insured or not.


Does the insurance co has to pay if the insured becomes insolvent?

As long as the insured keeps their premiums current, the insurance company is bound to pay as agreed.


Does insurance company have right to pursue vandals on behalf of insured to recuperate their cost of coverage to insured?

I'm almost positive that the answer is "yes", especially if the insurance company has already reimbursed you for your losses.


A written contract between an insured person and an insurance company?

It is called in insurance policy.


What is the term for the written contract between an insured person and an insurance company?

Insurance policy


Can general insurance be backdated?

can a contractor have liability insurance backdated to show the company was insured


What is the difference between insured and insurer?

The insured is the person or entity who is covered by the insurance policy. The insurer is the entity (insurance company)that pays to, or on behalf, of the insured for a covered loss. That which is covered by the policy is set forth in the insurance policy.


What is The different between insurer and insured?

The insured is the person or entity who is covered by the insurance policy. The insurer is the entity (insurance company)that pays to, or on behalf, of the insured for a covered loss. That which is covered by the policy is set forth in the insurance policy.


I need to know if my car is insured?

Just call the insurance company that you paid for the insurance. They can let you know if your still covered. If you have not purchased insurance then obviously you are not insured.


Which insurance company insured Benazir Bhutto and how much is the insured amount?

she was insur $56 millions dollar.


Is Life Insurance Company of the Southwest FDIC insured?

FDIC only insures bank deposits. Insurance company obligations are insured to certain limits by state insurance guarantee boards. If you contact your state insurance department, they can provide you with the limits of that state's coverage.


What does the company Tech Insurance provide?

The company called Tech Insurance provides small businesses with cheap technological insurance. This insurance protects the company insured from liability if a technological error occurs.


If a uninsured car is parked and hit by an insured car will the insured cars insurance company pay for damages?

Only if the insured car was at fault.


Will progressive insurance pay for an uninsured vehicle if the at fault vehicle was insured by them?

The insurance status of the victim's vehicle is irrelevant. The at-fault insurance company will pay for your damages whether your car is insured or not.


How can you find out if a car in insured?

look to see if there is a insurance card in the car, if not call the insurance company


Will the insurance company pay the beneficiary if the beneficiary kills the insured?

Not if they found out.


Name of the insurance company who insured life of benazir bhutto?

charnam


What is the name of insurance company to insured benazir bhutto?

ALICO comapny