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The primary purpose is to standardize the way insurance is sold and contracts are written to protect the consumer and the insurer.
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∙ 11y ago
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State the main purpose of the building regulations in the united kingdom?
The main purpose of Building Regulations is to ensure the health and safety of the persons in or about buildings.
What is the purpose of a state primary?
The purpose of any primary election is to choose candidates for the main election.
What is primary purpose of the state?
The purpose of any primary election is to choose candidates for the main election.
Can you obtain a life insurance license after bankruptcy?
That will depend on the licensing regulations in your state.
Hit by a driver with no licsense but you have no insurance?
The answer would vary depending on the state you live in, local state insurance regulations vary from state to state. In most states, you cannot get a driver's license unless you have at least liability insurance.
What is the requirement of paid up capital to start an insurance company?
This will vary from state to state and may have other variations as well. It is probably similiar to banking regulations and the more insurance or certain types you wish to write the more reserves of capital are required to back up the insurance in force. Again, the main requirement will depend on state regulations and laws in the state you are in and the types of insurance written.
Can you consider your retirement insurance primary because you've held it longer and it has better coverage or must your current employer's insurance be primary?
In New York, the insurance that you have held the longest is considered primary. This may vary from state to state, however, I believe it is the general rule.
Can I transfer car insurance Minnesota to my new home state of Arizona?
Moving from state to state will have a direct impact on your insurance policies. Each state may have different regulations and you will have to see which policies are best for you.
Can I carry the insurance on a car that is financed in my spouses name if he is no longer able to drive?
You should check with your insurance agent how you should carry the insurance on a car not financed in your name. Each of the 50 states in the United States has its own insurance regulations. Each state requires its agents to know the insurance regulations.
What type of insurance is needed for businesses?
There is not a single type of insurance required for all businesses. The type of insurance you need to purchase depends on your industry and governmental regulations in your state.
What is the primary purpose of a mission statement?
to state the reason for the existence of a business
Why do some life insurance companies not operate in new york state?
Tougher insurance laws & regulations. Many companies don't want to abide by NY state's tougher regulations. From a consumer protection POV, you're always better off doing business with a NY state-domiciled company than one not operated in the state.
