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No matter where you are shopping for health insurance (online, on the phone, or in person), all premiums must be filed with your state's Department of Insurance. That means the rates will be the same. As for whether the company is "bound" by the quote, the company can only quote pre-filed premiums so long as you are providing accurate information in your quote application, the premium will be the same for the same plan from the same company.
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What does insurance company mean?
An insurance company deals in various insurance products ranging from life ,health,fire,burglary and so on. The insurance company generally sells their products to the public through the service of authorised agents. The policy holders are to pay premia at agreed modes. In life insurance, the company is contract bound for payment of a sum of money to the person assured or failing him, to the person entitled to receive the same, on the happening of certain events. In health insurance,when an insured falls ill and admitted in hospital, the medical expenses are generally reimbursed by the insurance company.
Do you legally have to disclose your sexual status to health insurance providers?
You are to disclose your gender to health service providers.Whether you are married or virgin,you are not bound to disclose while applying for a health insurance policy.
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.
Will my husband's life insurance company contact if I do not who to contact?
If the subject matter necessiates contact, then the Insurance company is bound to contact through mail,phone call, even personal visit. If it is in the negative, then contract the Branch Manager of the Life Insurance Company for the needful.
Does a Will supersede A Life insurance beneficiary clause?
No, They are two separate legal documents with entirely different purposes. An insurance policy is a contract between the insured and the Insurance company. The insurance company is bound by the contract to pay the beneficiary designated by the insured policy owner. Life insurance proceeds are for the designated beneficiary. Heirs in a will are designated inheritance of estate by the will. A will is not a contract, it is a document of assignment.
Who pays in a civil suit the insured out of pocket or the insurance company?
this all depends on what the suit is.........I'll assume that you are sueing for damages to your vehicle and an injury from the accident.....you SUE the person responsible, if you gain a judgment and there is insurance coverage the insurance company will be bound by the judgment to pay........(they will also be providing their insured with an attorney......) they cannot mention in the trail that there is insurance involved....
What is a loss control survey by liability insurance company?
An insurance company sends an inspector to evaluate a risk. Depending on the coverage, the inspector will report on what the insured does and/or on-site conditions. The inspector does not determine if coverage will be bound. They only report what they see within context of the coverage.
Do insurance companies acknowledge common law marriage?
If it is legally recognized by the state, the insurance company is bound to acknowledge it. But most states no longer recognize common law marriages. Consult an attorney in your state.
Does the insurance company have to pay the entire bill to fix the car at the shop of your choice?
Provided your choice is something they agree with (they will normally give you the options they will allow) and that they are bound to pay for it, yes.
What is a free look provision in a health policy?
Generally Free look provision in a health policy is given for 15 days. If you are not satisfied with the provisions of the policy bond, you may ask for cancellation of the policy to the Insurance Co. within the aforesaid time. The Insurance Co. is bound to return you back the premium minus few incidental charges.
Is Anthem health insurance good insurance?
Anthem Blue Cross is a great carrier. They have one of the largest networks in CA and in the county. Of course you cant always please everybody so their bound to have some cons but overall they have worked well for me and my family. And I'm an insurance broker for nearly a decade if that helps.
Can an insurance company back date a home owners policy?
Homeowners insurance companies will generally offer insurance effective immediately at the time of the quote if you have the down payment, your home does not require an inspection, and if it otherwise meets the underwriting guidelines of the company. The policy is usually effective at 12:01 am the day the policy is bound. The insurance company will not backdate coverage to a prior date because doing so effectively makes it potentially liable for covered losses that may have occurred before the inception date of coverage, and for which it has not collected a premium.
