0
Why would an insurance company pay the insurer and not the company that did the services?
Wiki User
∙ 13y ago
i think its insurer who handle all the activity that's why but if you want best answer on this then visit ICICI Lombard site for more support on insurance question.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Why would one purchase insurance through Prudential Insurance Company over its competitors?
One would purchase insurance from Prudential if their rates were better than other companies or if they provided services that other companies didn't. Some companies offer their employees discounts from Prudential, and this may induce somebody to get their insurance from Prudential.
Why don't insurance companies sell income insurance?
There are a number of reasons, but the most obvious is moral hazard. If you were guaranteed a certain level of income by an insurer, what incentive would you have to stay at your job?
Why would one choose Swinton Insurance Company over another company?
A consumer may choose Swinton Insurance Company over another company based on more inexpensive rates that are quoted and also the extent of insurance coverages offered.
Insurance proposal form?
An insurance proposal form will be sent to a prospective insured by an insurer to ask questions in relation to a risk concerning matters that they consider to be material (a material fact is a fact which would affect an underwriters decision to accept a risk or not).
If surrender rate increases is this positive or negative for an insurance company's earnings?
Surrender rates go down over time. If they increased it would obviously be beneficial to the insurance company.
Can an Insurance Company back date a policy?
No, that is not something an insurer would do even if it were legal, which it is not.
The GMHBA offers which kinds of services?
The GMHBA is an Australian not-for-profit health fund that offers counseling, health insurance, and related services. It is a health insurer intended for those who would have trouble paying for insurance.
What is a domestic insurance company?
A domestic insurance company is one that was first licensed (received its Certificate of Authority) in the state in question. That is, if the insurer were formed in Florida, according to the then-existing Insurance Code of Florida, it would be a Florida domestic insurer. It could then become authorized to transact business in other states provided that it also complied with the Insurance Codes of the other states. An alien insurer is one that has been formed in another country.
What can you do if the person at fault in an accident claims to have no insurance?
You'll need to file an accident report, then notify your insurer of the loss occurrence. If your have collision or uninsured motorist coverage on your policy, your insurer can handle it for you. Your insurance insurance company pays you, they would then seek subrogation from the at fault driver.
What level of cover is provided by corporate insurance?
Corporate insurance provides a variety of levels of coverage based on the policy sold by the insurer. Specifics would be available from any insurance company that sells corporate insurance.
Are you insured to drive your sons lease car?
That depends on his insurer and the policy he holds. He would need to contact his insurance company for a definitive answer to this question.
Where can one get expat insurance?
Almost any respectable insurance company will offer expat insurance for their clients. An easy way to obtain expat insurance would be going to a local insurer and signing up for expat insurance there. But within the last decade or so, insurance companies have expanded their online services and it is easier than ever before to sign up for an expat insurance deal online.
How would you know your insurer is authentic?
Insurance is regulated by the states. When an insurer wishes to conduct business in a state, there is an application and examination process which must be done. The state insurance regulator examines the company for sufficient financial resources, staffing, honesty of the persons behind the company, and various other factors. If the insurer checks out and meets the requirements of the law, it is issued a license, often called a Certificate of Authority. Each state in which the insurance company transacts business has a record of the insurer having been issued one. You can therefore contact the state insurance regulatory authority (usually called the Department of Insurance) in the state capitol to determine whether the insurer is authorized to transact business in the state. You will also need to ensure that the company is authorized to transact the kind of insurance that you seek. That is, make sure that it has a certificate of authority for property and casualty insurance, if that is what you seek, or life and health insurance, if that is what you seek.
How do you find out who bought out a life insurance company?
There are a few reasonably ready ways to do this. First, if you know the proper name of the insurer, go to its website and there will likely be an article or notice to policyholders concerning the change of structure or ownership. You can also contact the insurance commissioner's office in the capitol of your state. Assuming that the company does business in the state in which you live, there would need to have been regulatory filings made/approved. There is likely Division of Consumer Services from which the information is available. Alternatively, check through the Division of Insurer Services. Finally, you may be able to get the information from the website of the National Association of Insurance Commissioners (See link below).
Will your friend's insurance cover your car if they crashed it?
Check with your insurance agent. Normally, the repairs would be covered by the company that insures the car, although they may want some sort of reimbursement from your friend's insurer.
How much is the copay on prescription?
It should say on your insurance card, if not give your insurer a call, they would be able to tell you. It will vary greatly depending on the company and even between different policies with the same company.
Can the secondary insurance provider deny a claim that was not filed with the primary insurance provider first?
Let me tell you what happend to me. I hope that this helps. I used to be covered by two insurance companies. My primary insurance company was through the company that I worked with. My secondary was with the company that my husband works with. When a claim was filed with my secondary insurance company they wanted to know how much my primary insurance company paid for and until then they would not pay anything. So I had to submit to my primary insurance company and once they paid some then the secondary would. I hope that this helped:) * Yes. A claim must always be made with the primary insurer first.
