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What is risk based insurance?
Both life and general insurance policies are risk based. In the case of life insurance policy, the risk is human life based. In general insurance, the risk whether cash/kind varies as per specific nature of the policy.In fact insurance policy is a substitute against avertment of risk factor.
Where can you get assigned risk car insurance in Dallas Texas?
Any Insurer who participates in the Assigned Risk Insurance Plan can place a policy there for you. But why would you want an assigned risk policy? The assigned risk pool is for high risk drivers who can't find insurance anywhere else.
What is no risk no fault insurance?
In fact, term insurance policies can be called no risk no fault insurance, as no claim is payable during the tenure of the policy and only in the event of death of the policy holder, claim is payable to the nominated person of the policy.
Is insurance a liability?
No, Insurance is a means of contractually transferring risk including the risk of liability to another entity, namely the Insurance Company issuing the policy.
What are the advantages of getting All Risk Insurance?
The biggest advantage for having an All Risk insurance policy is that it covers many perils that may happen to a property, unless the event is specifically excluded in the policy. All Risk policies are usually only written for propery insurance.
What is insurance carrier?
An insurance carrier is the company that holds and supports the policy that you purchase from them. It is the company that issues and upholds the risk associated with an insurance policy. There are many insurance carriers with wide rages of polices and coverages.
Who is required to carry builder risk insurance in Anchorage, AK?
Officer for IndyMac is required to carry builder risk insurance in Anchorage,they help to get the Builder's Risk policy also known as builder risk insurance to show those coverages required.
What Is a document that is based on the amount of risk taken on a specific outcome?
Insurance policy
What is the process for a business to accept insurance?
Not sure if you mean, if you mean for insurance to issue a policy on a business, policy will be submitted to the underwriting dept. that will review, and investigate the risk and then make the determination if their company will 'accept the risk' of insuring this business.
What is the best home owners insurance?
An HO3 all risk policy offers the broadest coverage possible for a homeowner. Many insurance companies offer the HO3 policy form, they cost a little more but they are the best homeowners insurance policy you can get.
When you purchased a health insurance policy with a large deductible what risk management technique is it?
Catastrophic
How can risk of a company be prevented?
How can a risk of a company be prevented is by taking an insurance policy. Now, What is insurance? Insurance is the agreement between two partners to undergo a certain agreement in case of any unfortunate circumstances. The first partner is called the insurance company(insurer) while the partner is called insured, which is the person taking the policy. For a company to be prevented from risks it will has to take an insurance policy; for this risk occurring the insurance company will has to pay a certain sum of amount (called premium) to the company in other to cover half or almost the risk. So, with this, the company will be prevented from risks of any nature.
