All insurance companies have re-insurers, to protect their assets and investments. Insurance means spreading the risk to an insurance company, so insurance companies do the same thing - spread their risk to the reinsurers.
They are now Reassurance America Life Insurance, a subsidiary of Swiss Re. Reassure America Life Insurance Company (a member of Swiss Reinsurance Group) A.M.Best #: 07207 NAIC #: 70211 FEIN #: 236200031 See the related link for their website and location in Armonk, New York.
GenRe
Re-entry in regards to term life insurance is the process of re-qualifying for favorable underwriting rates after a specified period of time. For example, if one purchases a 10-year life insurance policy then the rates are level for 10 years. After the 10-year period, the rates will go up dramatically. However, some policies offer the option to go through additional underwriting and re-qualify for a good rating. The rates of the policy will still go up since the insured is now 10 years older than when the policy was originally issued. But the rates will be significantly less than if re-entry does not happen. Of course, if a policy does not technically allow for re-entry, an insured can simply apply for a new policy. The underwriting of the new policy will be identical to the re-entry underwriting.
Was this a total loss? The money should go to the contractor unless you have already paid him out of pocket then the money would go to you...re-imburse you only what it cost to rebuild home and only what you paid the contractor. The mortgage company pays the contractors directly to be sure that they are paid in full and not mechanics liens are on the property. Provide proof of paid in full acknowledged by the contractor and the company will then release the check to you.
go to the company and ask for a new card they will re new your setings but they wont talk your money
Insurance companies have re-insurers to protect their assets.
Please re-do your question? It doesn't make sense. Do you mean you didn't go on holiday with them? Are you referring to life insurance or trip insurance?
Sold to Swiss Re Insurance and renamed Reassurance of America
Insurance covers the direct exposure to the insured. Re-insurance covers insurance companies against the aggregated loss. Earthquake insurance is a good example. You might have EQ insurance on your home or commercial building. If you have a loss your insurance pays your claim. That insurance company that insures you might have re-insurance with a bigger insurer if total claims exceed a very large number. Lloyd's of London and Swiss Re are big re-insurers.
Courts have the power to order many things but ordering a private insurance company to re-instate coverage on someone from whom they have withdrawn it would be somehwat un-Constitutional, and I seriously doubt it. You are not guaranteed a "right to be insured." Suggest that you CAREFULLY read the insurance policy (i.e.: contract) with particular attention to the 'fine print.' Insofar as your allegation that your insurance was taken away "illegaly," that would be a matter for the court to decide. Insurance is issued by private companies and they are free to choose who they will insure and at what cost or risk.
Discover Re is an insurance company that insures risks and investments, with each customer being attuned their own personal agenda and case, ensuring an individual's needs to be satisfied.
Yes, law their duty is to get their and the insurance company's property, so you can be faulted for not paying for and/or returning the item in question.
They stay on, for 3 yrs or whenever the insurance company renews they re-run your driving record.
Homeowners insurance does not cover vehicles used on public roads. It should not be a problem. Geico insures salvage cars, as do most insurance companies. Just remember the car is worth less as a salvage if it's re-totaled the actual cash value of the car is about 40% less than a comparable clean titled car. And it's easier to re-total the car a 2nd time since it's worth less, so minor damage may re-total it. Lesson: don't pay too much for salvage cars and don't get in an accident! **14Jun11- Just called Geico and they said will insure my Salvage Title here in New Mexico, but will also allow me to add Comprehensive to the policy. The company I am currently with will also insure the vehicle for liability but WILL NOT insure for comprehensive. The choice is to go without comp or switch companies. You decide!
What are you taking insurance out on? And no 99% of the time you cannot have 2 insurance policy's on one vehicle, item, house or property, or in genral anything you are insuring. The only time you can have 2 insurance policy's, if you are re-insuring something. This only really applies to the commercial side of things. Example company A is insuring the first 10 million dollars of a building. Then company B is insuring 20 million dollars of the rest of the 30 million dollar building. The building totaling 30 million dollars in value. We are going on holiday to Spain for just over 2 months. I have free travel insurance through my bank for 31 days but it is far too expensive for the whole period. I want to insure through the bank for the first 31 then insure through another insurance company for the remaining 45 days.
Re-pricing focuses on the rate revision, there is no change in existing benefit structure of the product. The rate revision is necessitated due to several reasons. Some of the reasons are as follows ü When the insurance company feels that the product is not sold as expected then the insurance company will revise the rate to sell the product. ü When the insurance company feels that the product does not give profit as expected then the insurance company will revise the rate to earn profit. ü When the insurance company feels that the product has more demand then the insurance company will revise the rate to meet the demand. ü When the insurance regulatory authority asks the insurance company to revise the premium then the insurance company will reduce the rate.
Life insurance companies may insure or guaranty your life insurance policy in one of two ways. First, a life insurance company may buy reinsurance to re-insure the losses they may pay out for their book of life insurance business in any given year. Also, licensed life insurance companies contribute to life insurance guaranty funds. A life insurance guaranty fund is a form of protection providing a fund that pays out money to policyholders if their life insurance company is licensed in the state, and unable to meet their financial obligations. Some life insurance guaranty funds pay out $100,000 -$500,000 per policy depending on the state, and the amount of life insurance you have. Many states pay out up to $300,000 per life insurance policy. Life insurance protection comes in many forms, and not all policies are created equal. It depends on various factors. While the death benefit amounts may be the same, the costs, structure, durations, etc. vary tremendously across the types of policies.