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What else can I help you with?
Is Blue Cross Blue Shield a commercial insurance?
They were originally a not-for-profit but now are a private, for profit company.
Is a mutual insurance company Not-for-profit?
A mutual insurance company is a corporation owned by its policyholders who may receive dividends if the insurer's operations are profitable.
What is a life insurance policy dividend?
It's a payment made to the policy owner by the mutual insurance company when there is a profit. The policyholders are the owners of a mutual life insurance company and they share in the profits by receiving dividend payments from the insurance company.
When was the Nationwide insurance company declared bankrupt?
There is no easily obtainable record of the Nationwide insurance company declaring bankruptcy. Currently, they are an active company, with enough profit to donate to charitable causes.
The concept of repricing life insurance policy?
Re-pricing focuses on the rate revision, there is no change in existing benefit structure of the product. The rate revision is necessitated due to several reasons. Some of the reasons are as follows ü When the insurance company feels that the product is not sold as expected then the insurance company will revise the rate to sell the product. ü When the insurance company feels that the product does not give profit as expected then the insurance company will revise the rate to earn profit. ü When the insurance company feels that the product has more demand then the insurance company will revise the rate to meet the demand. ü When the insurance regulatory authority asks the insurance company to revise the premium then the insurance company will reduce the rate.
What insurance company offers an upgrade in your car in case of accident?
None. Your auto insurance policy is a contract of indemnity. Not a contract of profit.
What does cure insurance cover?
Cure Auto Insurance is a not-for-profit company which offers auto insurance. They are a regular insurance company operating out of New Jersey. They offer lower rates, it is based on your driving record, and 24 hour customer service.
Do you have to have a general contractor to get overhead and profit from the insurance company?
No, there are plenty of laws and regulations that address overhead and profit. Contractors charge it and insurance companies pay it. That's the nature of the beast. The insurance company that doesn't pay it is not only an exception to the rule but runs the risk of breach of contract and bad faith lawsuits as well as sanctions by insurance departments. There has been much litigation against insurance companies that mess around with overhead and profit, including several class action lawsuits against major insurance companies.
Where can you find general liability insurance for a non-profit dance company in NYC?
Contact an agent in your area.
How do you find out if a non-profit organization has insurance that will cover your loss after a fire?
You will need to talk with a representative from that company.
Is USAA a non-profit organization?
No, USAA is not a non-profit organization. It is a financial services company that provides insurance, banking, and other services to members of the military and their families.
Why does the insurance company get paid back the money Isn't that why we pay our premiums?
You pay premiums because insurance companies are a business and they are there to make a profit. Also, the premiums you pay go into a pool of money so the insurance company can pay out claims when necessary.
