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Why are many group insurance policies written on a nonoccupational basis?
Wiki User
∙ 11y ago
Occupational coverage is provided by worker's compensation
Wiki User
∙ 11y ago
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If you cancel your insurance the day after it renews do you get a refund?
You should minus a processing fee and one day worth of coverage. Auto insurance policies are written on a pro-rated basis.
How do individual health insurance and group health insurance policies differ?
Individual health insurance policies are purchased by individuals or families, while group health insurance policies are purchased by corporations. Group policies are generally cheaper on a per-capita basis than are individual policies.
On what basis are insurance brokers employed?
Brokers, in contrast to agents, do not necessarily work under the authority of an insurance company. Rather, brokers place insurance policies for their clients with the carrier offering the most appropriate rate
What is the advantage of reinstating a policy instead of applying for a new one?
For some life insurance, age at inception determines the premium or acceptance. For other forms of insurance, the basis for insurance or premiums may have changed and might not extend to older existing policies. Some auto insurance policies have discounts based on continuous service period.
Should I get jewelry insurance for my wife?
When you purchase expensive pieces of jewelry you can purchase riders for existing homeowners insurance policies. A rider will cover items on a piece by piece basis for a specified value. Check with your insurance company to see if this will meet your needs.
If you drop your insurance at work can your wife still keep it?
If you are referring to group term life insurance the answer is no. The policy is a group policy and the policyholder is the company and the employee only and a spouse has no right to the policy. Sometimes there are individual life insurance policies sold to employees on a payroll deduction basis and they are group billed to the employer. These policies are able to be taken by the employee if they change employer and they can just change the payment type so that they pay the policies themselves.
How do you obtain 'event' insurance?
Contact an insurance broker. Many brokers have in-house authority to bind coverage. When I have written these, it has been on a "number of participants" basis. Have the county's insurance requirements available, if possible.
What insurance company sells non-owner auto insurance in Las Vegas NV?
I called an agent that sells VIKING and KEY insurance policies on a long-term or month-to-month basis. I used Family Insurance (not American Family Insurance). The rep there explained Non-Owner policies and what they do--and don't--cover. Family Insurance is located in the Renaissance Shopping Center at Pecos and E. Flamingo Rd. in Las Vegas, NV. Oz was the rep I spoke with. There are definitely other companies that sell this type of policy in Nevada.
What can you do about dog breed discrimination among home owners insurance companies?
Get rid of your pit bull. (Or Rotties) There is nothing you can do . . . the insurance companies are in business to make money, not to give their money away. It is known that of all dogs that have killed people, pits are responsible for about 67% of those deaths. An insurance company would be crazy to insure someone who owns a pit. Overall across America, they would lose money. When insurance companies write insurance policies, they have to do so on the basis that they won't even have to pay out on the vast majority of policies sold.
Are online insurance quotes free?
Online insurance quotes are free because they serve a basis for tech-savy individuals who would like to simulate what a real insurance plan would look like, if they were to choose that insurance company along with its policies.
What is the difference between guaranteed basis and current basis insurance?
Guaranteed basis insurance provides a fixed monetary benefit to the insured regardless of the actual expenses incurred, while current basis insurance adjusts the benefit amount based on the actual expenses. Guaranteed basis insurance offers a predictable payout, whereas current basis insurance offers more flexibility but the benefit amount may vary.
Policies are primarily based on .?
Policies are developed on the basis of specific needs identified by gathering information. Their formulation requires drafting, consulting and review.
