As a general proposition, insurers and plans cannot cancel an individual's coverage under a policy or plan arbitrarily. In addition, federal and state laws prohibit discrimination based upon race, national origin, gender or age. Some states have been proactive, as well, in the area of discrimination involving particular medical conditions or traits. For instance, some states prohibit insurers and plans from denying health care coverage to, or canceling health care coverage of, persons with mental dementia (such as Alzheimer's disease) or human immunosuppressive virus (HIV) or mental illness. Health care insurance policies or plans can be canceled (rescinded) if there is a material omissions or misrepresentations made by the insured or member in the application for coverage. Recession, in general, works as follows: when you apply for insurance and sign an application, you answer questions and provide information about the medical history of anyone who will be covered under the policy or plan. In doing so, you must reveal any serious medical condition or treatment that might reasonably affect the decision by the insurer or plan to undertake the risk associated with providing the coverage. Even if the policy or plan is issued and premiums are paid, the insurer or plan can cancel or rescind the policy later if they discover that the policyholder or insured did not disclose in the application significant medical history. The result is that the insurer or plan does not pay for the care that was rendered, the policy is canceled and the premiums that were paid on the policy are returned to the policyholder less a reasonable cost of insurance associated with the period of time during which the policy was in force. A limited form of cancellation can occur involving reduction or elimination of benefits. Other than a requirement of reasonable notice, insurers and plans may reduce or eliminate benefits, unless the contract or plan prohibits it or limits it. In some states there is a major exception known as "vesting," which means that if the insured or member already has a claim or has received benefits for a particular injury or illness, they may continue to receive the benefit even if it is otherwise canceled.
The cancellation notice ended the Insurance Policy. Stated another way, that means that the (Insurance) contract is no longer in force. To Rescind a Cancellation means that the cancellation has been taken back or voided by the Insurance Company and the Insurance Policy (Contract) is now back in force.
The Insurance Company generally finds out by what you tell them on the application. If you don't tell them, they probably have the right to deny coverage and rescind the application. check what YOUR policy says
You can call the insurance company and provide your policy number, and they can provide any details on your policy, or send a duplicate policy if the original was lost.
I have a term life insurance policy that was fully paid in 1980. This policy is through Security Life Insurance Company of Georgia. How do I cash this policy in? I am unable to find the company !
Yes, your agent or the insurance company can provide with a copy of your insurance policy.
The insurance policy is from Prudential and from the state of Indiana.
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Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.
How do I find out who has my policy I had with Commercial State Life INsurance Company
Contact your insurance company or your agent. They can find your insurance policy number by your social.
what the insurance company includes as part of the insurance policy.
What is the penalties in case of wrong data communicated about your company to the insurance company that made the policy?