If someone pays a lapsed life insurance policy up to date does that individual become payee or benificiary?
Only if the policy owner, sends a written request to the Insurance Company to do that.
If you let someone ride your motorcycle and he crashed it do you file a claim with his insurance or your own for the repairs?
The insurance industry allows one to earn good money with relatively few qualifications. One can become an insurance agent with no specific qualifications. Most companies do require applicants to have a college degree but some do not insist on this. Simply produce a resume and apply directly to insurance companies or go through job sites.
No, When you rent your home out to someone your Homeowners Insurance Policy is automatically null and void whether or not you have notified your insurer. If you have become a landlord you need to purchase landlords insurance for your property. This is done by obtaining a Dwelling Policy with a rental dwelling endorsement. Just contact your insurance agent and he can help you place the right coverage for your tenant occupied property.
A bail bondsman is licensed by each individual state (usually by that state's department of insurance). After completing a course of professional instruction and successfully taking an exam, a bail bondsman's license may be issued. One should contact each state's department of insurance for specific details of the licensing process.
If the beneficiary died after the testator then the gift would become a part of that beneficiary's estate. It would then pass to that beneficiary's heirs under the terms of their will or according to the state laws of intestacy. You can check the laws of your state at the related question link below.
It depends on the current requirements of your state in qualifying for an insurance license. Insurance pre-licensing and examination are the first steps in pursuing a career in the insurance industry. An individual should first complete the necessary requirements set by the state insurance department which includes courses that will introduce the applicant to the basics and fundamentals of insurance. A list of core and elective courses are required by the applicants to complete and…
So, you are the another victim of lost insurance papers. Now a days, it has become a common phenomenon. Every second day you find someone or other who has lost his/her important documents. Thus, i have decided to take professional help for this problem. Actually, i visited this page on facebook, 'clip to click', where people seem to be talking about soon to be launched service which would facilitate individual document management. OOPS...sorry going off…