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A standard policy is an insurance policy that is offered using a state propagated coverage form based on the states recommended coverage.
They are designed to be cookie cutter policies that offer a uniform coverage for insureds and maximum profitability to the issuing insurance company. a standardized policy form generally has little or no room for customized coverage.
What else can I help you with?
What does it mean to have a standardized insurance policy?
An insurance policy would be called standardized, when it covers all the salient international features/standards as laid down by the insurance authority of the country.
What auto insurance policy starts with MIL?
You cannot tell which company issued a policy based on numbers or letters. Policy numbers are not standardized by any regulation and are determined by companies on their own.
How can a policyholder change the terms of his standardized policy?
Not unless the company agrees ahead of time. Remember that when you are dealing with a contract, both parties have to agree to the terms ahead of time. If one party wants to change the agreement, the other party has to agree to it. If you have a standardized policy, you'll need the insurer's agreement beforehand to change the terms of the policy. The whole reason for standardized policies is so that companies don't have to spend the time and money on individual agreements.
What auto insurance company has this policy number A05-231-042305-70?
Who knows. Policy numbers are not standardized and therefore companies use whatever they want to use.
Gives a standardized unit that tells how far away each measurement is from the mean?
gives a standardized unit that tells how far away each measurement is from the mean
What insurance policy number starts with phk?
Policy numbers are not standardized and insurance companies use whatever policy numbers and prefixes or suffixes they want to use or what best fits their computer systems. Some companies use numbers only.
What insurance uses XS as policy number?
Policy numbers are not standardized and companies use whatever they want to use or whatever fits their computer systems. Some companies use numbers only.
Which policy making body work to make the federal judicial system run smoothly and follow standardized procedures?
(Judicial Conference)
What do you mean by Policy renewal?
renewing your policy
How can a value be standardize?
For a standardized variable, each case's value on the standardized variable indicates it's difference from the mean of the original variable in number of standard.
What company has auto insurance policy number that starts with a q?
Policy numbers or prefixes are not standardized between companies and therefore they can use whatever fits their computer systems. Many use numbers only.
What is another word for policy?
WORDS WHICH MEAN POLICY
