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The Insurer is the Insurance Company which provdes insurance coverage to the insured providing for payment of a sum of money to the person assured or, failing him, to the person entitled to receive the same on the happening of certain event. It is uncertainty that is risk which gives rise to the necessity for some form of proetection against the financial losse arising from death. Insurance substitutes this uncertainty by certainty.
What else can I help you with?
What are dividends paid on life insurance policies considered to be?
The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.
What are the dividends paid on life insurance policies considered to be?
The dividends paid on life insurance policies by the insurer are called reversionary bonus which varies yoy.
In what class of life insurance are individual life insurance policies issued to members of a group with an employer or other body collecting or remitting the premiums to the insurer?
"In what class of life insurance are individual life insurance policies issued to members of a group with an employer or other body collecting or remitting the premiums to the insurer?"
What is the agreement in which an insurer authorizes a producer to sell insurance policies for it?
The agreement in which an insurer authorizes a producer to sell insurance policies on its behalf is known as an "agency agreement." This contract outlines the rights and responsibilities of both the insurer and the producer, including commission structures and the scope of authority. The producer acts as an intermediary, helping to distribute the insurer's products while adhering to regulatory and ethical standards.
What is A written agreement in which an insurer authorizes a producer to sell insurance policies for it?
A written agreement in which an insurer authorizes a producer to sell insurance policies for it is known as an insurance agency agreement or producer agreement. This contract outlines the terms of the relationship, including the producer's rights and responsibilities, commission structures, and the scope of authority granted by the insurer. It serves to formalize the partnership and ensure compliance with regulatory standards.
Can you have two general liability policies?
yes you can have as many policies as you like but no use. the insurance works on the principle of Indemnity. so in case if you have two insurance policy,you will have to declare to both the insurer, if you don't than it would be a insurance fraud. and if claim arise then both insurer will pay the claim in proportion of the premium they charged.
What are the essential elements of Insurance?
One essential element of insurance is to shift the risk of loss of the insured item from the client to the insurer. Other essential elements include the insurer being open to a significant loss, distributing the risk over a number of policies held by the insurer, and the premium paid by the client to the insurer.
Are there any books which help a new Life Insurance Agent to understand how policies are made?
Please clarify what you mean by "how policies are made". If that is what you literally mean, insurance policies are drafted by the insurer for sale by producers (agents and brokers).
What are some low rate life insurance policies?
Some low rate life insurance policies are the whole life policies. Life insurance policies are contained in a contract between an insurer and the insured, stating how much would be paid to a designated beneficiary in the event of the death of the insured.
If there are two different life insurance policies which insurer pays?
A life insurance policy is a contract. You can have as many as you want. They all have to pay out on the death of the insured.
What are the best companies to buy whole life insurance from?
Reputable insurance companies for whole life insurance include Gerber Life, MetLife, AllState, and Mass Mutual. Check with your auto insurer if you have car insurance, because sometimes you can combine two or more insurance policies with the same insurer and get a discount.
What kinds of services such Liberty Life Insurance Company offer?
Liberty Mutual offer life insurance policies as well as car and home insurance policies. They were established in 1912 and are the third largest property and casualty insurer in the US.
