You probably get arrested.
generally nothing. Insured person can name another beneficiary.
Yes, there is no bar in the insured person being beneficiary on another insurance policy.
The term "other insured" is another insured person exists who may cover the patient, the insured person who covers the patient on his or her insurance plan.
Co-InsuredThe "Co-Insured" is another person or entity that is also covered under your insurance policy.
Yes, one person can obtain a life insurance policy on another as long as the policy owner has an insurable, financial interest in the life of the insured.
yep u can hope this helped.In most states if you are over the age of 18, it is the car that is insured, not the driver. When pulled over, the police ask to see proof of car insurance, not person insurance.
Yes, in insurance documents, "Insured" is typically capitalized when referring to the person or entity that is covered by the insurance policy.
Only if the truck driver was at fault.
Is car insurance still valid on a persons car if the insured person has died
are paid up insurance proceeds paid to the living person insured taxable
Very basically, insurance is a contract (called an insurance policy) between one party (the insurance company) and another (the insured). In the case of life insurance, it is a life that is being insured. In return for the periodic payment of money (called a premium) to the insurance company, the insurance company agrees to pay a sum of money when the insured (whose life is insured) dies. The money is generally paid to the person (or sometimes an entity, such as a charity) that is designated in the insurance policy as the beneficiary. The beneficiary is designated by the insured when the insured buys the insurance but can usually be changed up until the time of death.
We need to know what he's insured for. If he's insured to drive the car, then yes. If he's insured with life insurance, then no. But normally it's the car that carries the insurance.