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What health insurance plan is sponsored by a large company who forms a contract with certain health agencies to provide certain types of health care at a reduced rate?
preferred provider organization (ppo)
How an auto insurance policy is a binding legal contract?
An insurance policy in combination with the application for insurance together make a legally binding contract. The application is the acceptance of the quote along with certain guarantees made by the applicant. As long as the truth is given on the application then the application is accepted by the company and it is a bound contract. If it is later found that you lied on the application, the contract is broken and the company does not have to abide by their part of the agreement either.
Is a contract of Insurance a wager Explain?
Yes, insurance is a form of a wager. In legal terms it is called an aleatory contract which means that the contract participants agree ahead of time to take certain action in response to a defined event. For example, if you take out a health insurance policy (the contract) You are betting that you WILL fall ill, while the insurance company is betting you WON'T fall ill. As long as you remain healthy they get to keep your premium. If you fall ill they have to pay your medical bills.
What does an insurance policy explain?
An insurance policy does not "explain" anything as such. Instead, it is a contract by which the insurance company assumes the financial risk of loss for certain occurrences from the insured in return for the payment of a premium. Part of the contract defines the scope of the risks that that the insurer is assuming; other parts define certain terms used in the insurance policy, and still other parts define what must occur or be done to trigger coverage. To that extent, the insurance policy is providing an explanation of its terms and conditions.
What is the difference between life insurance and health insurance?
Life insurance is a contract providing 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 event. Health insurance is a contract between the policy holder and the insurance service provider whereby the later takes the responsibility to cover the insured person against certain illness/disease as specified in the policy bond up to an agreed sum insured against payment of premium payable yearly.
What is a general agency?
A general agency is usually an agency that allows other agencies to write business through them for specialty kinds of insurance business. A general agency may offer unusual types of insurance that an Independent Agency may need once in a while and needs the expertise and access to certain companies or products that they would not normally need. I have used general agencies to write horse mortality insurance, insurance for county and city governments packages, certain farming insurance packages, and other things that I need help in experts and company access. I would not write enough of these type of business to learn everything about these businesses needs and I would not have enough of this business to obtain a contract with companies that put together these special packages to meet the clients needs.
What is An insurance policy is a legal contract?
Yea, insurance policy is a legal contraft providing 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 event. Any breach of contract by either party can be settled in the Court of Law.
What does agreement to furnish insurance policy?
Insurance is a contract or agreement providing 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 event. This agreement is the very basis or foundation of an insurance policy bond.
What does a future contract do?
It requires you to do a certain thing, for a certain price, on a certain date.
A future contract does what?
It requires you to do a certain thing, for a certain price, on a certain date.
Will your entire roof be replaced when tree falls and damages only part?
No, your insurance contract specifies coverage for certain damages that result from the covered perils listed on your policy. Homeowners insurance can not provide coverage for things that are not damaged.
How do you get sponsors in Skate 2?
You have to get to a certain spot in the game to get sponsored. Or at the beginning of the game make your skater have a certain deck.
