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What is the basic purpose of insurance?
What is the basic purpose of insurance
Explain the purpose of a contract with reference to a policy - short term insurance?
What is the purpose of a contract?
What do most business people think is the primary purpose of business?
to generate wealth
Why do insurance companies need reinsurance?
Reinsurance is essentially insurance for an insurer. That is, it is insurance which the primary insurer (one that issues policies directly to the public) buys to ensure that it has sufficient funding to pay expected claims that may be incurred during the policy period. State insurance regulators require that primary insurers have and maintain sufficient levels of capital and reserves to pay expected claims. Depending upon the amount of capital and reserves, the insurer is permitted to issue a stated dollar amount of primary insurance. One of the ways that the primary insurer can meet the statutory requirements, other than by having all capital and reserves in cash or cash equivalents, is through a reinsurance structure that is approved by the financial authorities of the state insurance regulator.
What is the primary purpose of business plan?
The purpose of a business plan is to identify, describe and analyze a business opportunity and/or a business already under way, examining its technical, economic and financial feasibility. I learned that and many other thing taking free business classes here: khabarbabal.online/file/NjA0ZGZjODEt
What is the primary purpose of state insurance regulations?
The primary purpose is to standardize the way insurance is sold and contracts are written to protect the consumer and the insurer.
What is the primary purpose of HIPAA Title Insurance Reform?
Is to provide continous insurance coverage for workers and thier insured dependents when they change or loose jobs.
What was the primary purpose of the federal deposit insurance corporation?
To insure the solvency of banks. The FDIC, like any insurance guarantor doesn't want to pay large claims.
If parents are divorced which insurance is primary?
I think the wife's insurance is primary.
What is the basic purpose of insurance?
What is the basic purpose of insurance
What is the primary purpose for construction company?
what is the purpose of the construction industry
What is meant by primary and secondary insurance coverage?
Primary insurance coverage is what is first used when a medical service is being rendered. This is what will be billed first. Secondary insurance is supposed to cover what the primary insurance does not.
Is your insurance considered your primary insurance?
Yes
Does secondary insurance cover or pay copays of primary insurance?
The secondary insurance cover both pays and co-pays of the primary insurance depending with the insurance company.
What does primary and non contributing really mean in regards to general liability insurance coverage?
It means that whoever states their insurance is Primary, it's really Primary regardless of who is at fault. For example, the subcontractors insurance is usually primary over the GCs insurance. This means that if the sub has a claim and in all reality it's the GC's fault, but the sub listed their insurance as primary, then the subs insurance is paying first no matter what. Primary means just that, the insurance listed is PRIMARY, regardless of fault. www.mac2insure.com
Can you buy secondary travel insurance without primary insurance?
Put simply, yes, you can buy travel insurance or travel health insurance without primary insurance. That's just as well, as your primary insurance may not cover you (or cover you completely) when you travel overseas.
What describes Esquivels primary purpose in her essay At the Hearth?
Her primary purpose is to entertain the reader.
