The prior answer is entirely correct. What's more, if there is an intervening covered loss (after you made the premium payment to the agent) but the policy was canceled for non-payment of premium, you would be uninsured for the loss. Therefore, the agent may be liable for that which the insurer would have paid for the loss. The claim for the loss caused by the agent could, perhaps, be negotiated with the agent or his.her/its errors and omissions insurer. You may also have the basis for a civil suit against the agent on the same grounds. Furthermore, since insurance agents are licensed and regulated by State insurance regulators, a complaint could be made with the regulatory authority which would handle the matter administratively. This could result in the suspension or revocation of his/her/its license and part of the administrative action could involve monetary reimbursement for the loss..
No, Under no circumstances may an insurer or agent thereof intentionally "keep" your unearned premium payment. This would be a violation of the agents fuduciary obligations to the insured. However, if there was an outstanding balance due on your previous policy, then they are allowed to accept and apply that payment to the balance owed. Unearned premium payments whether they were made before or after the policy lapsed are typically returned to the consumer. Most state regulations specify 60 days or less to issue returns.Insurance Agent's Entitlement to Money
Is this a payment that was applied before renewal was up, or the actual renewal payment? If the agent took your renewal payment and did not renew your policy, then you need to contact the department of insurance in your state. That would be illegal.
Yes, but with an exception. Your obligation is to pay the landlord the rent by a certain day of the month. If you choose to entrust the mail with the payment, you are using the Postal Service as your agent and if your agent fails, then you fail. However, if your landlord wants you to mail the rent to him, then the landlord has chosen the Postal Service as its agent. In that case, if the agent fails, it is the landlord, not the tenant who fails and the tenant cannot be held responsible. Check your lease. If it states that the rent is to be "received by" you have a duty to mail it with enough time for it to arrive promptly. If you do not take into account issues with the mail, you have not met the requirements. And the burden will be on you to prove that you mailed the rent, addressed it properly and affixed the proper postage to it. As there is normally no way to verify that a check has been mailed, the landlord may require that you pay your rent directly or through some intermediary. If a check could be lost or stolen, or does not arrive by the date due, the landlord may require that you replace it rather than wait for its arrival. If this is a repeated occurrence, it is likely that a non-postal payment method may be implemented.
How do you get 1000000 robux for free?
What's the most outdated thing you still use today?
How many people signed the Declaration of Independence on July 4 1776?
If you are 13 years old when were you born?
See Beyonce real phone number that's right now?
How many kids did Alexander Hamilton have?
Does jimmy and Michelle capps have any children together?
What is Louis Tomlinson's IQ?
What is modal fabric??
What were George Washingtons false teeth made from?
Who was Yale University named after?
What determines whether you are left or right handed?
What would you do if the internet was suddenly gone?
What is the longest plate appearance in MLB history?
What is the official name of the Statue of Liberty?
Why can't we remember our dreams?
What are the advantages of turnaround document?
What are advantages and disadvantages of micro planning?
How does a miptor exercise?
Is Randy Fenoli married to Liza Menelli or is Michael Landry his partner?
Are the friction losses of an induction machine linear?
BA-28 which is a recommended water-skiing safety practice?
Are friction losses of the machine linear?
Which three square numbers that add up to 125?
Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.