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29 May 2012, 12:46 pm by Wystan M. Ackerman
May 24, 2012), the policy provided that the insurer would pay all of the reasonable costs incurred (above the deductible) in repairing damage to the insured vehicle if the insured used a repair shop that participated in the insurer’s preferred repair facility program. [read post]
12 Aug 2009, 1:40 pm
We regulate insurance companies with special rules for three reasons: (1) the inverted production cycle of insurance; (2) the unique governance problems inherent in a model in which the firm's creditors are policyholders; and (3) a view that state-based consumer protection is important to ensure a functioning market. [read post]
26 Feb 2014, 6:00 am by Jon Gelman
The WTC Health Program will seek to recoup from medical providers of the WTC Health Program and from WC insurers. [read post]
7 Feb 2020, 12:25 pm by Currin Compliance Services
’The disclosure language is provided in a new subsection of 41.8, which applies to the C-trigger (chronically ill for life) and the D-trigger (chronically ill). [read post]
31 Aug 2012, 9:44 am by Michael W. Huseman
  2) If a client purchases the policy and then changes their mind or a better product happens to come along and they want to get out of their current policy, some of the universal life insurance products provide a guaranteed return of premium. [read post]
23 Apr 2018, 1:58 pm by Matt Pulle
”  These suspicious circumstances usually involve the following: (1) a confidential relationship; (2) the Decedent’s physical or mental infirmity; and (3) the beneficiary’s active involvement in causing the designation of a beneficiary or beneficiaries under the life insurance policy. [read post]
6 Nov 2008, 1:16 pm
The New York State Insurance Department recently issued "Equity index annuity contract or life insurance policy paid dividend disclosure under Section 3209(b)(2)(C). [read post]
20 May 2013, 8:22 am by Steven Gursten
Michigan auto insurers collected more than $2 billion more in auto premiums than they paid out in claims in 2011. [read post]
20 Jul 2018, 9:01 am by Randolph Rice
Tip #2 Document Your Injuries and Research Available Coverage The insurance adjuster may seek to downplay or minimize your injuries. [read post]
28 Feb 2021, 8:54 am by Kevin LaCroix
” This question matters because D&O insurance provides coverage for the corporate entity (as opposed to the insured directors and officers) only for “Securities Claims” as that term is defined in the policy. [read post]
4 Mar 2009, 2:49 am
A copy of the March 2 opinion can be found here. [read post]
17 May 2011, 3:43 am by Steven M. Gursten
The accident victim signed this release, and lost all future No-Fault insurance benefits and claims. 2. [read post]
24 Mar 2020, 12:30 pm by James Kim and Scott A. Coleman
”  A “Covered Company” is defined as any company that is not subject to federal consolidated supervision by the FRB and that after the effective date of the final rule, directly or indirectly, controls an ILC (1) as a result of change in control under Section 7(j) of the FDI Act or a merger pursuant to Section 18(c) of the FDI Act, or (2) that is granted deposit insurance under Section 6 of the FDI Act. [read post]
4 Mar 2016, 10:19 am by Lauren Koster Beaver
All too often however, an obligation to maintain life insurance is the forgotten provision of a divorce settlement agreement in that either 1) it is noticeably absent from the agreement, or 2) it is not being maintained. [read post]
4 Mar 2016, 10:19 am by Lauren Koster Beaver
All too often however, an obligation to maintain life insurance is the forgotten provision of a divorce settlement agreement in that either 1) it is noticeably absent from the agreement, or 2) it is not being maintained. [read post]