1. Assumption of Financial Liability: One of the primary roles of a guarantor is to assume financial liability for the policyholder. This means that if the policyholder fails to pay their premiums or meet their financial obligations, the guarantor is obligated to step in and provide the necessary...
Empirical Evidence on Policyholder Dynamics‟, The Journal of Risk and Insurance 83(2): 269-299.Christiansen, M. C., M. Eling, J.-P. Schmidt, and L. Zirkelbach (2016). Who is changing health insurance coverage? Empirical evidence on policyholder dynamics. Journal of Risk and Insurance ...
Regardless of whether an insurance company is representing their policyholder, your car accident lawyer might suggest you name one or more of the following in your lawsuit: Who Pays for Damage in Car Accident: Defendant Examples Another Motorist Other drivers remain the most common defendants in car...
with policyholders contributing premiums and sharing in the company’s profits or losses. Policyholders have the right to vote on company matters, such as the election of the board of directors. The main objective of mutual companies is to serve the interests of their policyholder-owners rather ...
Policyholder. The person or entity specifically identified asthe named insuredin an insurance policy. This person is also referred to as the named insured. What are some insurance terms? 10 Common Insurance Terms Adjuster. A claims or insurance adjuster is employed by or acts on behalf of an ...
"As a long-time policyholder with OBLIC, our firm has always received great service related to our professional liability insurance. The annual premium review process has been streamlined and we receive our quotation in a timely manner. As changes occur during the policy period, the staff is re...
“the insured” and that includes the policyholder and a specific list of persons and entities related to the policyholder. The coverage, however, applies only to certain acts or omissions “you” might have done or not done and to certain things that are “yours.” Is it possible that “...
Six months later, the policyholder died and if the above two policies are still valid: A、 只賠償保額較高的一份保單的保額 Only the higher benefit will be paid B、 兩張保單全數賠償All benefits will be paid C、 視乎保險公司當時的決定depends on the decision of the insurance company D、...
The premium for an umbrella insurance policy may be less expensive if it is purchased from the same insurer that provided the original auto, homeowners, or watercraft insurance. Depending on the provider, the policyholder who wants to add an umbrella insurance policy must have a base insurance co...
“Disability benefits are triggered by the inability to perform the duties of one’s job,” said Scott Maibor, managing director of Senior Benefits Boston. “A covered illness or accident may not disable a policyholder, so there would be no trigger for a disability payment.” Many of the co...