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What is an action over indemnity buyback in insurance terms?
An action over indemnity buyback in insurance refers to a situation where an insurer has the right to recover costs from a third party after paying a claim to the insured. This process typically occurs when the insurer compensates the insured for a loss and then seeks to reclaim those costs from the party responsible for the loss. Essentially, it allows the insurer to "buy back" the liability from the insured, ensuring they are not financially burdened by the incident while retaining the right to pursue compensation. This mechanism helps maintain the financial integrity of the insurance system.
If a Member of a professional protection scheme underagreement to provide indemnity cover in the event of litigant situation is deprived of the right asa breach of trust what should be done?
Whew! ".... a professional protection scheme under agreement to provide indemnity cover....." Sounds like the description of an insurance company to me. If you feel that you have been wronged or slighted, file a civil suit against them.
Do you have an SR-22 on my insurance right now?
Only you would know that, in addition to your insurance agent.
Is saga car insurance right for me?
Saga car insurance would only be the right one for you if you are over 50 years old. You must also reside in Europe as the insurance is only available there.
Are auto insurance rates at a high or low right now?
Auto Insurance rates are higher right now. They will get higher each year. If you don't want them to stay high, avoid getting in auto accidents, and tickets.
Where can you find information about cheap cheap car insurance?
When looking to find information about cheap car insurance then it may be possible to find the right insurance at the right price on the internet. There are many comparison sites that state what the price of the insurance is for each company and what would be included in the insurance policy for that price.
What is it called when one insurance pays and then gets the money back from the other insurance?
That would be a subrogation lien. One insurance company has paid another insurance company's debt, so they have the right to collect it.
How would I get an insurance adjuster license?
Making good career choices is easy when people have the right information. And having a thriving insurance adjuster career is possible when people surround themselves with the right people.
Is there an out of pocket maximum for dental insurance?
It depends on the type of insurance that is right for you. How much you would like to pay a month, deductible, number of member in your plan.
Does an apartment complex have the right to make the tenants get apartment insurance?
They do have the right to make you get insurance.
When getting life insurance coverage is less or more important?
When getting life insurance, it's important to get the right amount of life insurance to meet your needs. One way to find out how much life insurance you need is to use a life insurance needs calculator to help you decide. These are available online and it only takes a few minutes to find out how much coverage you need. That way, you don't pay for more life insurance than you need, but your family has the protection they need.
What is action over indemnity buy back?
Action over indemnity buy back is a legal mechanism often used in insurance and liability contexts. It allows an insurer to "buy back" the right to pursue a claim against a third party after compensating the insured for their loss. This process enables the insurer to recover costs from the responsible party while providing the insured with immediate financial relief. Essentially, it balances the interests of both the insurer and the insured in managing liability risks.
