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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.
What else can I help you with?
What is the advantage of reinstating a policy instead of applying fo a new policy?
Reinstating a policy often allows for continuity of coverage without the need for a new application, which can save time and reduce administrative hassle. This process typically enables the insured to maintain their original terms, premium rates, and benefits, which may be more favorable than those of a new policy. Additionally, reinstatement may avoid the need for medical underwriting, making it easier for individuals with changes in health status to regain coverage.
The main advantage of diversification as an investment policy is that it?
Reduces risks to investors
What is the definition of free trade?
Free trade is a policy by which a government does not discriminate against imports or interfere with exports by applying tariffs
What is non monetary relief?
Non-monetary relief refers to remedies or support provided to individuals or groups that do not involve financial compensation. Instead, it may include actions such as restoring rights, providing services, or making changes to policies or practices. This type of relief often aims to address grievances or injustices through corrective measures rather than monetary payments. Examples include issuing public apologies, reinstating job positions, or implementing policy reforms.
What is strategic trade policy theory?
Strategic trade policy(STP) is a part of industrial policy. This policy aimed at capturing profits of foreign firms: government spending involved in creating dynamic comparative advantage to capture export market by using R&D, subsidies, tax incentives, low interest loan, merger immunity, trade barriers etc.
What is re-issuance fee in insurance?
This sounds like a reinstatement fee. A reinstatement fee is a fee for reinstating your policy if it has been cancelled for non-payment or some other reason.
Is 72 hour clause in engineering insurance policy advantage or disadvantage?
The 72-hour clause in an engineering insurance policy is an advantage to the homeowner and not a disadvantage.
Do teenagers have to be included in their parent's insurance policy when applying for a drivers license?
yes
What is the institutional model of public policy analysis?
Public policy is determined by political institutions, which give policy legitimacy. Government universally applies policy to all citizens of society and monopolizes the use of force in applying policy.
Auto policy cancels but driving to company to reinstate is there coverage?
need a little more info to help you on this.......if the policy actually canceled.....(most not all) have a ten day claus, if paid within the ten days, but they are NOT required to have this claus.........sounds like it canceled if you were 'reinstating' rather than 'renewing' NO there will not be coverage........sorry
What setting will prevent policy settings from applying to all child objects at the current level and all subordinate levels?
Block Policy Propagation
The main advantage of diversification as an investment policy is that it?
Reduces risks to investors
What are the advantages of a life insurance settlement?
The main advantage of a life insurance settlement is that instead of a life insurance "surrender", (which sometimes happens if the owner can no longer afford the premiums),the owner of the policy can sell the policy to a third party and in turn receive "some" money from it. The person selling will definitely get less than the policy is worth, but more than if they completely gave it up.
What is The policy of trying to keep the Soviets within current political boundaries by applying pressure?
Containment
What is the process of applying a Group Policy Object to a particular container such as a site domain or an organizational unit?
Linking
Why did south Africa use the policy of apartheid?
so that the white minority would be at an advantage.
If one chooses to sell their endowment policy who is the policy sold to?
If someone chooses to sell their endowment policy, the policy is sold to the insurance company that one has the policy with. A person can, "cash out" a policy early and take an agreed upon amount instead.
