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Life InsuranceWhy would you wait? Notify them! I would think wifey would know that Hubby deceased already.
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โˆ™ 2015-07-16 19:25:32
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Q: How long does an employer or insurance company have to notify beneficiaries of a policy when one of their employees dies?
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What does the workers comp insurance company need from the employer?

The workers comp insurance company requires the employer to insure all the employees.


Does an employer need to notify employees of health insurance changes?

Yes, unless the Insurance Company is doing it.


Can a company stop employees insurance policy?

Depending on the state and size of employer, there are situations when employers can change or stop the insurance benefits they offer to employees.


What is an employee insurance participating plan?

An employee insurance participating plan is one where the employees of a certain company can put money into their insurance, regardless of how much is paid by the employer.


Can an employer legally require health insurance?

Probably, he's required by the insurance company to insure at least 75% of the employees or else the other employees can't get the plan. For more information see the link


Is against the law or employer to refuse health insurance?

It is not against the law for an employer to refuse health insurance to their employees. Many companies and major corporations do offer health insurance through health benefits administrators, which are part of the HR department of the company you work for. You might want to get more information about this for your company or from the health benefits administrator of your company.


What is an insurance ASO?

ASO is an insurance acronym for "Administrative Services Only." It refers to an arrangement where an employer engages an insurance company to handle the administrative tasks (e.g. billing, claims handling, claims payment, qualification, etc.) for their employees. In these types of arrangements, the employer actually acts in a self-insured role which means that they are financially responsible for any claim payments to their employees. Many large corporations choose this type of insurance arrangement in order to obtain lower pricing from the insurance companies due to the fact that the insurance companies carry no risk obligation. The employees are still serviced by an insurance company, and often have no idea their employer is actually paying the claims behind the scene.


What did the letters GEICO stand for in the name of the insurance company?

Government Employees Insurance COmpany It originally only sold insurance to employees of the US Federal Government.


What MA Insurance company has the code 429?

429 is Government Employees Insurance Company


Can an employer make you take health insurance if you already have insurance with your parent?

Some companies get better insurance rates if they require all employees to buy health insurance. IT is cheaper because the insurance company is not covering just the people that need it or use it.


Does my employer have to provide health insurance me?

No. Not if the employer is not set up to offer it to any of his/her employees OR if the company does offer it and you are a 'Part-time employee' working under 35 hours a week OR if you are a 'Full-time employee' and have not worked for the company for 90 days.


What is workers compentation?

Worker's compensation is insurance coverage for employees to compensate them in case they are injured while performing their job. The employer pays a premium that covers medical expenses and lost wages in case their employees are injured. If these benefits are excepted the hurt employee must release the employer of further liability. The insurance company pays the claim and the employee can no longer sue the employer for the injury.


Who pay the health insurance for employees?

This depends on the company and its policies. Sometimes the company pays half and employees pay half. Sometimes, company pays full amount and sometimes, there are no insurance benefits for employees.


Can a California employer have two different policies for contributing to employee health insurance premiums - one for employees who join the company plan and one for those who have other insurance?

Makes sense to me. Why not?


What if 3 people are named beneficiaries on a life insurance policy?

If the insurance company accepted the policy, and unless there are specific provisions for dividing the benefit, it will be equally divided between the three beneficiaries.


What is the government employees insurance company?

GEICO


When your employer decides to get workmans comp in South Carolina do the employees have to be drug tested in order for the company to get the insurance or are they only tested after an injury?

Most insurers will require initial testing of all employees and random testing of all employees thenceforth.


How does life insurance pay beneficiaries?

The insurance company must be notified of the insured's death, preferably by a beneficiary, policy owner, or an insurance agent, at which point it will send out packages of paperwork to all beneficiaries on file for that insurance policy. The paperwork is filled out by each beneficiary and returned to the insurance company, along with a certified copy of a death certificate, at which time the insurance company processes the paperwork, verfies the eligibility of the claim, and then, if appropriate, pays out the proceeds of the insurance policy.


Can the life insurance company be held liable for giving a beneficiaries money to someone who committed fraud to receive it?

Not usually. It sounds like the insurance company was a victim of fraud.


My sister may have collected on a life insurance policy that listed us both as beneficiaries what can i do?

Sue her and the life insurance company that paid her.


Is the insurance company required to notify you if your employer cancels the company policy thereby cancelling the employee coverage?

No. The Employer must notify you.


What does GEICO stand for?

Government Employees Insurance Company


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.


What if the executor doesn't pay the beneficiaries of a life insurance policy?

The proceeds of a life insurance policy are paid directly to the beneficiaries without going into the estate of the person. The only way that life insurance proceeds become part of an estate is if the the beneficiary is listed as "Estate of the Insured". In this case any expenses of the estate are to be paid out before the heirs receive a share. If there are beneficiaries on the policy, the life insurance company will pay the beneficiaries directly.


How many employees does the Physicians Mutual Insurance Company have?

Physicians Mutual is an Omaha-based insurance company with more than 900 employees and nearly 1,000 agents nationwide.