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This is too broad a question to be answered succinctly, because an insurer has many duties. They depend, in part, upon the kind of insurance involved, and the legal requirements of the state in which the policy was issued.
For example, under a liability policy, an insurer generally has the duty to investigate a claim made against the insured in order to determine whether it comes within the coverage of the policy. If it does not, it has the obligation to promptly notify the insured so that other arrangements for protection may be made (such as hiring ones own lawyer).
If there is coverage, the insurer generally has the obligation to defend the insured by hiring a lawyer at its own expense, and paying any amounts for which the insured is found legally liable (up to the policy limits). Similarly, the insurer has an obligation to settle a claim within policy limits, and to thereby protect the insured from personal liability for any excess damages if it is possible to so settle the claim.
What else can I help you with?
What is responsibility of a sales executive in a insurance company?
duties of a sales executive in an insurance company
Duties and responsibilities of team leader in insurance company?
There are many duties and responsibilities of a team leader in an insurance company. The team leader must be able to take responsibility for the tasks that their team takes on.
What has the author Ernest King Allen written?
Ernest King Allen has written: 'The stamp duties on sea insurances' -- subject(s): Insurance, Marine, Marine Insurance, Stamp duties, Taxation
What are the duties of an insurance salesman?
For auto insurance - To make sure you have the proper coverage needed to protect you and your automobile in case of accident or damage. To explain the policy so you know what is covered and what isn't. Mostly the duties surround those of any in sales. In Life insurance, these duties would be prospecting, fact-finding, case preparation, presenting, phone duties, client meetings, and light travel to conferences.
Duties and responsibilities of an insurance claims processor?
One who processes applications for charges tom reinstatement of, and cancelations of insurance policies
What are the duties of insurance consultant?
Never heard of one. You mean a public adjuster?
Why does the agent has many more ethical duties than the broker in regard to the?
Insurance Company
What are the duties of a claim representative?
His job is to collect information and to investigate claims for the insurance company he works for.
What duties can an unlicensed employee do in an insurance office?
Filing, data entry, copying, answer phones, post mail, etc. Basically they can do anything that does not involve the sale of insurance, insurance advice or recommendations and they can not effect coverage.
How do you disability insurance in AZ?
You need to contact a licensed insurance agent who can provide multiple companies and options for you to choose. Disability insurance depends on what your occupation is and what duties you have. A Disability Insurance expert will be able to find the best cost/benefits for your situation.
What are some duties of sewer contractors?
Some duties of sewer contractors are repair, install, clean and service of sewers. Contractors must also have proper insurance and licenses before working.
How do you sue another persons insurance company for an accident that was your fault?
If the accident was your fault, the other party's insurerhas no duties owed you.
