Who is responsible for homeowners insurance the beneficiary of the trust or the person with a life estate interest in the property?

Who is responsible for taxes and insurance on a building and or equipment owned by a public utility but located on a homeowners property?

Technically, the insurable interest, which is the taxable one, i.e. the building is the property by a Public Utility. So it should be them the responsible

Does Georgia law mandate that your spouse must be beneficiary on your life insurance unless a release is signed?

No, the only requirement is that the beneficiary have "insurable interest".

When adult children refuse to buy life insurance can their parents purchase it for them without the childrens knowledge?

Life Insurance cannot be purchased on someone that is not aware. They do have to sign paperwork and the beneficiary must have a insurable interest. This prevents anyone from taking out insurance on someone and signing themselves as the beneficiary. When the child is concidered an Adult, they are responsible for getting their own. Unfortunately this is the case.

Which Californian companies offer homeowners insurance?

There are many companies in California that offer homeowners insurance. Some of the companies offer better deals that others at better rates and interest.

Can a parent take out life insurance on their adult children?

Yes, an insured and a beneficiary have to have an insurable interest to be able to have a life insurance policy. Parents/children are considered to have insurable interest

You have your children listed on your life insurance policy if you get married will the benificiary's change?

If you are the insured you can change the beneficiary at any time as long as it is not an irrivocable beneficiary and there is insurable interest

Is there a statute of limitation on collecting monies from a life insurance policy?

no there is not. If you can prove who you are and that you are the beneficiary, the Insurance company sometimes pays interest on the money owed.

In NC do you have to have an insurable interest in the beneficiary?

You've got it backwards. A beneficiary is the person who has to have an insurable interest in the insured, and that is standard insurance law, in North Carolina or anywhere else. In order to take out insurance on anyone you must have an insurable interest in that person. That does not mean you must have an insurable interest in the beneficiary. Some states do and some states do not. My question is does NC require an insurable interest in the beneficiary? OK, since you are still questioning this, here is the more detailed answer. A beneficiary, by definition, is not being insured; instead, he or she is the person who will receive the insurance payment (in the case of life insurance) when the insured person dies. Since the beneficiary is not being insured, there is no reason why anyone would be required to have an insurable interest in the beneficiary. The reason why insurable interest is required, is that life insurance is not intended to be a form of gambling, otherwise anybody could take out an insurance policy on anybody else. Insurable intersest means that you personally would be financially harmed by the death of a particular person. Children depend upon their parents and therefore have an obvious insurable interest in their parents. Even if the child has grown up and no longer depends upon the parent, that child still has an insurable interest in the parent, because when the parent dies, the child will probably have to pay for the funeral, and will have other expenses relating to that death. Whereas, if you wanted to take out a life insurance policy on a complete stranger, you have no insurable interest. An employer can take out life insurance on an employee, called "key person insurance" if it is thought that the death of that employee would cause financial problems to the company that employs him or her. The star of a motion picture would normally be insured by the movie company, since the death of that person could make it impossible to finish filming, and the money invested up to that point could be lost. That's how insurable interest works. The beneficiary HAS insurable interest in the insured, the insured does NOT have an insurable interest in the beneficiary.

Must spouse be beneficiary on life insurance in Texas?

No, but whoever you list they have to have an insurable interest such as another family member.

Life insurance insurability?

The beneficiary has to have an insurable interest in the insured. The insured has to pass certain qualifications in order to be insured.

Does life insurance become part of the estate?

The proceeds of a life insurance policy become part of the deceased's estate under limited circumstances: 1. If the named beneficiary on the policy is the estate of the insured; 2. If the named beneficiary and any contingent beneficiary(ies) predecease the insured or otherwise relinquish their interest in the proceeds.

Can a Homeowners Assn have an insurable interest in a fence on property fence not on the common ground of the HOA?

Yes, a Homeowners Association (HOA) can have an insurable interest in a fence on a property that is not on the common ground of the HOA. The HOA is responsible for maintaining and enforcing certain rules and regulations for the entire neighborhood or community, which may include the maintenance and insurance of fences on individual properties. It is important to review the specific bylaws and governing documents of the HOA to determine their insurance responsibilities.