To insure the solvency of banks. The FDIC, like any insurance guarantor doesn't want to pay large claims.
In and of itself, it wouldn't. The Federal Deposit Insurance Corporation is not an insurer per se. Instead, it is a quasi-government agency that uses tax dollars to prop-up and try to rehabilitate failing banks. The FDIC "insures" deposits to a stated amount per depositor. Therefore, if the bank fails, the FDIC reimburses the depositor for the amount that he/she/it had deposited up to the stated amount. While "bank runs" can be an elements of a "depression", there are many other causes of one. One of the primary causes is reduced demand for goods and services in an economy, which results in reduced employment, which in turn further reduces the demand for goods and services.
investors
A
Yes
The Equal Credit Oppourtunity Act (ECOA) requires an adverse action (denial) notice be sent to credit applicants within 30 days of the action. This notice must state the primary reason or reasons for denial. You have a right under this act to demand a notice of denial. Each lender is regulated by a government body that oversees violations of this act. You can report violations to the appropriate regulator: For retail stores, department stores, small loan and finance companies, mortgage companies, oil companies, public utilities, state credit unions, government lending programs and travel and expense credit card companies, file complaints with: Federal Trade Commission Consumer Response Center 600 Pennsylvania Avenue, NW Washington, D.C. 20580 For a nationally chartered bank, file a complaint with: Office of the Comptroller of Currency Compliance Management Mail Stop 7-5 Washington, D.C. 20219 For a state-chartered bank that is insured by the Federal Deposit Insurance Corporation but is not a member of the Federal Reserve System, file a complaint with: Federal Deposit Insurance Corporation Consumer Affairs Division Washington, D.C. 20429 For a Savings and Loan, file a complaint with: Office of Thrift Supervision Consumer Affairs Program Washington, D.C. 20552 For a Credit Union, file a complaint with: National Credit Union Administration Consumer Affairs Division Washington, D.C. 20456
In and of itself, it wouldn't. The Federal Deposit Insurance Corporation is not an insurer per se. Instead, it is a quasi-government agency that uses tax dollars to prop-up and try to rehabilitate failing banks. The FDIC "insures" deposits to a stated amount per depositor. Therefore, if the bank fails, the FDIC reimburses the depositor for the amount that he/she/it had deposited up to the stated amount. While "bank runs" can be an elements of a "depression", there are many other causes of one. One of the primary causes is reduced demand for goods and services in an economy, which results in reduced employment, which in turn further reduces the demand for goods and services.
According to their website, American Share Insurance, or ASI, provides primary and excess share or deposit insurance exclusively to credit unions. They are member-owned, and are the nation‰Û÷s largest non-federal insurer of credit union deposits.
Typically, the owners of a corporation are the stockholders.
I think the wife's insurance is primary.
investors
You do not determine which of your insurance policies are primary in cases where you have multiple health insurance policies. The Federal government passed a law several years ago making Medicare secondary to any other health insurance that you have through an employer or retirement program. This transferred billions of dollars per year from the Medicare and Medicaid programs to private insurance companies all at one time.
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.
Yes
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The secondary insurance cover both pays and co-pays of the primary insurance depending with the insurance company.
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
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.