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What law that requires insurers to disclose information gathering practices and where the information was obtained?
The Gramm-Leach-Bliley Act (GLBA) requires financial institutions, including insurance companies, to disclose their information gathering practices and inform customers about where their information was obtained. This law aims to protect consumers' privacy and ensure transparency in how their personal data is used and shared by financial institutions.
What else can I help you with?
Learn about HIPPA compliance rules?
form_title=Learn about HIPPA compliance rules form_header=Keep your business in check with HIPPA rules by hiring a consultant. Has your business ever been cited for non-compliance with HIPAA rules?= () Yes () No Would you like to know the areas where your company needs to achieve compliance?= () Yes () No Do you want to hire a consultant to help achieve HIPAA compliance?= () Yes () No
Discuss relevant example the circumstance under which the insurer may give more than the indemnity?
An example of when an insurer may offer more than the indemnity is when the policyholder has suffered a significant financial loss that exceeds the policy limits. In some cases, insurers may show goodwill and offer additional compensation to maintain a positive relationship with the policyholder or to avoid potential legal action. This may also occur in instances where the insurer wants to provide additional assistance to the policyholder in a situation of extreme hardship or crisis.
Can a convicted get life insurance policy?
Criminal convictions are used as part of the underwriting process. The type of crime, history of criminal conduct, and probation/parole status are considered. Underwriters are concerned about the increased risk of violence surrounding criminal activity as well as potential prison environments. If currently on probation, obtaining coverage becomes more difficult. Flat extras are common with this type of case.
Can neighbor sue me for damages after insurance paid?
If you're talking about his or her insurance company, then probably not since it's customary for the insurance company to get subrogation rights in exchange for payment. The insurance company can certainly sue you but they don't always do so.OTOH, if your insurance made the payment then absolutely not unless your insurance company is incompetent. Insurers always make claimants waive all future legal remedies arising from that claim before paying. The claim is considered settled in full.
Short term disability living in NJ and working in PA?
NJ has state mandated coverage, and PA does not.The NJ disability plan covers NJ workers, not NJ residents. Check your paystub, and you will see that no deductions are being taken out for NJTDI.Short term disability insurance is available through private insurers for PA workers.
Who makes up the medical information bureau?
INsurers
What exactly is principle of utmost good faith?
Utmost good faith" in insurance means that:1? an insured will trust the insurers implicitly to compensate him in the event of a loss occurring.2? both parties have agreed that a contract will be legally binding.3? the insurers trust the policyholder to pay the required premium at some time after theinsurance cover commences.4? the insured must disclose to the insurers all facts about the risk to be insured, and theinsurers must disclose to the insured full details and terms of the cover to be provided.
How long must insurers maintain records of the information collected form senior consumers and other information used in making recommendations that were the basis for insurance transactions?
The specific length of time insurers must maintain records of information collected from senior consumers and other information used in making recommendations that were the basis for insurance transactions may vary depending on the jurisdiction and specific regulations. However, it is generally recommended that insurers retain these records for a period of five to seven years. It is important for insurers to check the specific requirements outlined by the relevant regulatory bodies.
How many health insurance companies are there?
According to the Insurance Information Institute there were 1,398 life, health and medical insurers and re-insurers in 2011. http://www.iii.org/facts_statistics/industry-overview.html
When was Association of British Insurers created?
Association of British Insurers was created in 1985.
When was Worshipful Company of Insurers created?
Worshipful Company of Insurers was created in 1979.
When was Motor Insurers' Bureau created?
Motor Insurers' Bureau was created in 1946.
What is Motor Insurers' Bureau's population?
The population of Motor Insurers' Bureau is 320.
Do insurance companies have a right to accept or reject you for insurance coverage based on the results of voluntary and confidential genetic testing predicting your future health?
No, insurers are not allowed to discriminate against people who have had genetic testing. The Genetic Information Nondiscrimination Act of 2008 specifically prohibits health insurers from using genetic test results to charge people different rates or to refuse to cover them. The law protects people from discrimination by health insurers and employers on the basis of DNA information.
What are the names of Arizona insurers?
The name for the Arizona State insurers is the Arizona Department of Insurance. Also known as the ADI, The Arizona Department of Insurance is the name for Arizona insurers.
When other insurers are initially liable for payment on a medical service or supply provided to a patient Medicare classifies them as the payer?
Those other insurers would be the "primary" insurers.
What is the Telephone number for National Association of Independent Insurers NAII?
The National Association of Independent Insurers has merged with what is now known as the Property Casualty Insurers Association of America aka (PCI).
