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28 Sep 2010, 6:00 am
There are other questions, as well, which is why we've turned to our "on-call" LTCi Guru, Herman Bruns:My understanding is that the rate increase will NOT apply to the Custom Care II, Custom Care II Enhanced, or Leading Edge product lines. [read post]
12 Dec 2021, 9:25 pm by Ray Giblett (AU) and Timothy Chan (AU)
There will be an exception for Lloyd’s underwriters operating in Australia, consistent with the current exemption under the Insurance Act 1973 (Cth). [read post]
22 Feb 2011, 6:06 am
The averaged factors are then sent to all four participating carriers, which apply them to their standard (“street”) rates.This is an “all-in” deal: a participating carrier can’t take a “pass” on a given group. [read post]
10 May 2024, 1:54 pm by Gene Killian
For some reason, many judges seem to be unwilling or unable to apply the rules of insurance policy construction. [read post]
13 Nov 2011, 6:45 pm by Matthew A. Cordell
  The Court stated that, regardless of the titles assigned by the loan documents, the Whisnants were in fact "accommodation makers" and the law relevant to suretyships applied. [read post]
7 Mar 2012, 8:40 am by N. Peter Rasmussen
” According to the industry group, the proposed definition was not required by statute and could have the unintended impact of applying the Volcker Rule’s private fund prohibitions to virtually every affiliate in a banking group. [read post]
9 Aug 2012, 12:03 am by Kevin LaCroix
In its complaint, the FDIC alleges that the bank’s collapse was caused by “grossly negligent loan underwriting and loan administration, resulting in excessive and dangerous concentrations” of commercial real estate loans and of acquisition and development loans. [read post]
28 Mar 2012, 4:03 am by David J. DePaolo
But at the same time, this case sends an important message: don't gamble on insurance applications by falsifying or understating facts necessary for underwriting. [read post]
17 Jun 2009, 5:25 am
The conflict of interest rules once untested and applied broadly, I would say too broadly, to the bank-law firm relationship is now set for realignment. [read post]
6 Jul 2020, 8:08 am by Andre Hanson (US)
UL LLC (Underwriters Laboratories, or “UL”) certified Tutco’s heaters as compliant with UL standard 1995. [read post]
14 Oct 2008, 7:17 am
Law § 3425(c)(2).Insurance Law § 3425(c) prevents an insurer from cancelling a personal lines insurance policy that has been in effect for more than 60 days, unless the cancellation is based on one of the permissible grounds set forth in the statute itself:(c) After a covered policy has been in effect for sixty days, or upon the effective date if the policy is a renewal, no notice of cancellation shall be issued to become effective unless required pursuant to a program… [read post]
17 Mar 2020, 6:43 am by skelly
Placement and Renewal / Gaps in Coverage   Underwriters and brokers themselves are just as susceptible to the office closures. [read post]
23 Mar 2020, 2:30 am by Matrix Legal Support Service
Aspen Underwriting Ltd & Ors v Credit Europe Bank NV, heard 4-5 November 2019. [read post]
18 Apr 2012, 8:33 pm by WOLFGANG DEMINO
It principally applies when the "plaintiff is actively misled by the defendant . . . or is prevented in some extraordinary way from exerting his rights. [read post]
5 Nov 2011, 3:43 pm by S2KM Limited
Three memorable Cohen quotes: "a lot of a little is a lot"; "vision without execution is hallucination"; and (applying his grandfather's wisdom to Executive Life's annuity rates ) "there is something wrong with this tuna fish. [read post]
15 Jun 2012, 6:00 am by Christopher G. Hill
Whether you are applying for your first surety bond or are shopping around for a new surety bond company, understanding what to look for before signing with a surety company is essential. 1)      Check their license Any company that issues surety bonds must be licensed by the insurance department of the state in which they operate. [read post]
3 Jun 2010, 8:31 am by Joe Consumer
Justice Department yesterday called "simply unconscionable," Transocean has asked a federal judge to apply a 159-year-old law to cap its liability at $27 million - essentially the costs of the sunken rig. [read post]