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Is it necessary to disclose all the life insurance policy with every company?
Wiki User
∙ 12y ago
I assume you are talking about disclosing your current life insurance policies to a company that you are applying to for a new policy. You should be absolutely as truthfull as you can in every aspect of any insurance applications that you fill out. The application and policy are a legally binding contract. If it is deemed that you lied on an application on any fact that is determined to be material to the issuance of the policy the insurance can and will find the contract null and void. They depend on the facts that you give them to decide on the policy issued and rates given. As in any legal contract if one party provides false or misleading information to get the other party to enter into a contract then the other party cannot be held to the terms of the contract. You don't want to pay for a policy that will not pay off when you need it.
Wiki User
∙ 12y ago
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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.
What type of home business would invalidate a home insurance policy?
Any type of home business that has been concealed from the insurance company could invalidate "all" coverage under your homeowners insurance policy.Your contract with your insurance company will require that you disclose any home business operation when you apply for or renew the policy.
Do you have to disclose the premium cost on a previous auto insurance policy declaration requested by your new auto insurance company to prove prior coverage in Michigan?
You shouldn't have to disclose the premium, just the prior insurance carrier and policy number. What do you care if they see the premium anyway? It's not like they are going to adjust your new premium one way or the other.
How do you claim a life insurance policy?
In case of a claim, you are to intimate the insurance company who issued the policy , in writing or by mail. The Insurance company will provide you necessary forms for submission along with required papers/documents including the original policy bond,attested copy of Death Certificate etc. The insurance company may initiate inspection (which is optional) to verify the authenticity of the claim.
Why an intermediary needs to gather information from a client in shortterm insurance?
In short-term insurance client might disguise a crucial information before buying the policy, which he might disclose later to claim the amount, misguiding the insurance company.
What is a policy form in insurance?
By policy form you meant to say proposal form where all details of the insured persons are to be written along with necessary enclosures to be submitted to the insurance company. The Insurance Co. underwrites the form considering the insurance needs and capability of the insured and after payment of stipulated premia, insurance policy is issued.
How can you find a life insurance policy if you have insurance company name and policy number?
You can call the insurance company and provide your policy number, and they can provide any details on your policy, or send a duplicate policy if the original was lost.
Can an auto insurance policy be cancelled if the insurance company deposited payment in full?
Yes they can. But they will have to refund any unearned premium to you. Each state has it's own regulations that determine how and when the Insurance Company can cancel a policy and most companies stricltly adhere to the regulations. IE, Fraud or Misreprentation on the Insurance Application. Claims within the first 60 days of a policy, Undisclosed drivers, Undisclosed accidents or tickets, Failure to fully disclose a risk, etc.
Can a 23 year old as a licensed driver be covered on parent's auto insurance policy?
Sure, The policy owner can add any driver to their auto insurance policy, In fact, If you are a regular driver the owner is required to disclose such and list you as a scheduled driver, otherwise the insurance company could deny coverage in the event of an accident involving an unscheduled driver. It does not matter if your related or not.
How do you contact Life of Georgia insurance company?
I have a term life insurance policy that was fully paid in 1980. This policy is through Security Life Insurance Company of Georgia. How do I cash this policy in? I am unable to find the company !
Can you get a print out of your life insurance policy?
Yes, your agent or the insurance company can provide with a copy of your insurance policy.
How can your company be contacted about an old insurance policy?
The insurance policy is from Prudential and from the state of Indiana.
