premium
that is the insurance premium (can be monthly, quarterly, semi-annual or annual premium).
A company that is fully insured goes to an insurance company and buys insurance. A company that is self insured does not buy insurance and plans to pay any claims out of the companies "pockets". For instance, if you own a home but choose not to buy home insurance, you are self insured if you should have a fire.
the Atlantic mutual insurance company from New York insured the titanic. Company paid $100000 in hull coverage.
The key difference between being self-insured and fully insured is that with self-insurance, the company takes on the financial risk of providing insurance coverage for its employees, while with fully insured plans, the company pays a premium to an insurance company who then assumes the financial risk.
Yes.
You can get company vehicle insurance at www.iaai.com.
YES
policy will apply to defined events insured herein, which occurred during the currency of any insurance superseded by this policy and specified intake schedule provided that: a) this extension is restricted to losses which would have been payable by the superseded insurance but which are not claimable because of the expiry of the period of time allowed by the superseded insurance for the discovery of the defined events. b) the defined events are discovered within the sooner of 12 months of the termination of the employment of the employee concerned or within 12 months of the expiry of this policy. c) the amount payable under this extension shall not exceed the amount insured by this policy or the amount insured by the superseded insurance whichever is the lesser
Insurance companies have re-insurers to protect their assets.
That should be your declarations page. It is a binding contract between the insured (you) and the company.
Call the insurance company that the owner uses and ask them if it was insured. If you aren't sure what insurance company was used, DMV records should say whether the vehicle was insured or not.
Just call the insurance company that you paid for the insurance. They can let you know if your still covered. If you have not purchased insurance then obviously you are not insured.