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What is the minimum free look period for newly issued life insurance policy's in this?
The minimum free look period for newly issued life insurance policies typically ranges from 10 to 30 days, depending on the state regulations. During this time, policyholders can review the policy and decide whether to keep it or cancel it for a full refund of premiums paid. It's important to check the specific laws in your state, as they may vary.
What else can I help you with?
At what time does an insurance policy go into effect?
In most cases an insurance policy for a car goes into effect the moment the first payment is made. In the case of medical insurance there might be a waiting period based on the insurance company. Life insurance usually goes into effect after the first payment is made, but there might also be a waiting period before benefits will be issued.
What do you do when you are working and you get in an accident in your vehicle and your insurance company says they won't cover it?
File it with your employers insurance (who likely will deny it as well), and then perhaps you can talk with your employer about them helping to cover this...This is very sticky...most personal auto policys specifically exclude 'business use' now you have to see the definition of 'business use' in the policy. And I would certainly NEVER use my personal vehicle for business until I had it rated as such. I had a period of a year or so when I had to use my personal vehicle for business, but had insured as such, but without that, generally is no coverage at all, the policys are very clear on that. If you would provide more details perhaps I could be of greater assistance.
How do you calculate minimum clock period in a digital circuit?
If you have the Maximum clock frequency, then you can figure out the minimum clock period using this formula: 1/(minimum clock period) = (Maximum clock frequency).
Who is responsible if an insurance company insures the same property twice in the same claim period?
Who is responsible if an insurance company insures the same property twice in the same claim period varies depending on the structure of the contract. If a person signs two separate contracts, there could be two policies issued for that same property. If there was only a single contract signed, it might be the insurance company who is responsible.
What is called reinsurance?
When we go for insurance , the insurance have a time period for which it will be valid. When we want to extend the time period of the insurance,we have to do reinsurance.
What kinda of insurance protection is set for a period of time?
The Term life insurance is the kind of insurance protection that is set for a period of time.
What is the another term for minimum period of waiting?
Qualifying period, Probation period. Trial period.
What is an insurance policy?
Insurance is purchased for a specific period of time, which is usually a month, a quarter, or a year. When the time period is over, the insurance will lapse unless you renew it by paying for another period of time.
Can a life insurance policy be cancelled after issued?
Yes for a couple of reason. Non-pay is the biggest. There is also a 2 year period in which the company can continue to underwrite you and if they found you lied on the application they can cancel the policy.
What is an insurance policy renewal?
Insurance is purchased for a specific period of time, which is usually a month, a quarter, or a year. When the time period is over, the insurance will lapse unless you renew it by paying for another period of time.
When do Colorado speeding tickets expire?
No tickets do not expire. They can be collected on any time after they are issued. Most insurance companies will not count them after a period of time. And the points are removed from the driving record eventually, the length varies by state.
Does medical insurance cover a broken ankle?
Well, it will be covered under medical insurance provided you are to stay at hospital/nursing home for a minimum period of 24 hours for treatment of your broken ankle. Alternatively, if you are having Personal Accident Policy, you can avail of medical benefit from that one.
