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A premium
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What is a insurance payment made by the policyholder called?
An insurance payment made by the policyholder is called a premium. This payment is typically made on a regular basis, such as monthly or annually, in exchange for coverage provided by the insurance policy. The amount of the premium can vary based on factors like the type of insurance, coverage limits, and the policyholder's risk profile.
What insurance policy requires payment of premiums to be paid for a specific time period?
They are called 'Limited Payment Life Insurance Policy' where premium has to be paid for a specific time period.
What is it called when a bill is submitted to insurance company for payment?
The term usually used is a "claim".
What is a formal request made to an insurance company for payment of a loss is called?
Customarily, it is referred to as a "claim".
Do you need a down payment for car insurance?
No, you do not need a down payment for car insurance.
What is a regular insurance payment called?
A regular insurance payment is called a premium. This payment is typically made on a monthly, quarterly, or annual basis, depending on the terms of the insurance policy. The premium is the cost of maintaining coverage and is used by the insurance company to pay for claims and administrative expenses.
Insurance reimbursement or payment ia also called?
Indemnity
What is a insurance payment made by the policyholder called?
An insurance payment made by the policyholder is called a premium. This payment is typically made on a regular basis, such as monthly or annually, in exchange for coverage provided by the insurance policy. The amount of the premium can vary based on factors like the type of insurance, coverage limits, and the policyholder's risk profile.
What insurance policy requires payment of premiums to be paid for a specific time period?
They are called 'Limited Payment Life Insurance Policy' where premium has to be paid for a specific time period.
What is it called when a bill is submitted to insurance company for payment?
The term usually used is a "claim".
What is a formal request made to an insurance company for payment of a loss is called?
Customarily, it is referred to as a "claim".
What are payment options for mercy insurance?
"There are a variety of payment options available for Mercy Insurance.
Do you need a down payment for car insurance?
No, you do not need a down payment for car insurance.
Can you purchase life insurance in a lump sum single payment?
Yes, you can. It's called Single Premium Life Insurance. With single premium life insurance coverage one premium payment is made and the life insurance policy is fully paid up with no further premiums required.
Can you receive life insurance payment if your in prison?
Yes. The beneficiary of a life insurance payment can always receive the payment regardless of where he or she is.
May the provider bill the patient more than the insurance contracted rate?
It is possible. Some providers will make the distinction between accepting an insurance payment and accepting it as payment in full. It is called balance billing.
What is ppi insurance?
Payment protection insurance!
