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The insurance carrier may pay them compensation ( recompense for lost wages that would have normally occurred ), pay them for medical / legal /( pain and suffering ) damages ( i. e., those costs arising specifically as the result of the accident ), reparations to tow and repair the vehicles involved in the accident returning them to their original condition, and the payment of rental vehicles while awaiting repairs.
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insurance and carrier
An insurer, or insurance carrier, is a company selling the insurance ; the insured, or policyholder, is the person or entity buying the insurance policy.
Under an " indemnity " policy the homeowner would have to come up with the $ 10, 000 to pay for the visitor's fall and then would be " indemnified " by the insurance carrier for the out of pocket costs ( the $ 10, 000 ).
Under the same situation, a " pay on behalf " policy, the insurance carrier would pay the claim and the insured ( the homeowner in the above example ) would not be out of pocket for anything.
When the owner of the cargo and the carrier are separate corporations, marine cargo insurance typically compensates the owner of cargo for losses sustained from fire, shipwreck, etc., but excludes losses that can be recovered from the carrier or the carrier's insurance.
For that reason, the viability of the insurance carrier is very important.
If a purchaser of car insurance policy is involved in an accident wherein the liability for the accident is undisputedly of their insured driver, then the insurance carrier has the duty to indemnify their insured driver in very specific ways to make them " whole " again.
Fibernet's roster of enterprise and carrier customers in the financial, insurance, and retail segments complemented Global Crossing's market position in the UK government and rail sectors.
Additionally, the insurance carrier ( Ideal Mutual Insurance Co .) required Burmeister to log 1, 045 hrs of flying time, attend a Cessna ground and flight training course, as well as log 15 hours in a Cessna 414 ( C-414 ) prior to acting as the PIC of the leased aircraft.
PTC's insurance carrier eventually chose to settle the case and pay $ 3. 5 million to the WWE and PTC issued a public apology.
710, 000 paid by Medicare-Medicare often is the primary billing source, if this is the primary carrier between two types of insurance ( like between Medicare and Medicaid ).
( USA insurance companies specializing in RV insurance normally set the threshold between full-time and part-time at five or six months, depending on the carrier, so from the standpoint of insurance, someone spending as little as five months and one day on the road in a single year might be considered full-time, paying an increased premium.
( USA insurance companies specializing in RV insurance normally set the threshold between full-time and part-time at five or six months, depending on the carrier.
Seller pays for carriage and insurance to the named destination point, but risk passes when the goods are handed over to the first carrier.
In a case of alleged negligence by a physician, written summaries of the case by physicians provided to the insurance carrier or other parties can be the subject of a subpoena duces tecum, if, in the opinion of the court, they are relevant to the plaintiff's case.
After a recent insurance investigation of the pit out opening for the road course, which is located along the left lane wall of the drag strip, the insurance carrier has demanded the pit out be closed off with a permanent concrete wall.
insurance and may
Outboard motors, insurance, and boat repairs may also be financed in the same way as boats.
For example, an insurance company may choose to locate in Bermuda due to preferential tax rates and policies for insurance companies.
Blackjack games almost always provide a side bet called insurance, which may be played when dealer's upcard is an ace.
The player may add up to half the value of their original bet to the insurance and these extra chips are placed on a portion of the table usually marked " Insurance Pays 2 to 1 ".
Players with a blackjack may also take insurance, and in taking maximum insurance they commit themselves to winning an amount exactly equal to their main wager, regardless of the dealer's outcome.
Risk aversion may stimulate activity that in well-functioning markets smooths out risk and communicates information about risk, as in markets for insurance, commodity futures contracts, and financial instruments.
Both problems may raise insurance costs and reduce efficiency in driving otherwise willing transactors from the market (" incomplete markets ").
Moreover, attempting to reduce one problem, say adverse selection by mandating insurance, may add to another, say moral hazard.
Personal financial decisions may involve paying for education, financing durable goods such as real estate and cars, buying insurance, e. g. health and property insurance, investing and saving for retirement.
Some of these risks may be self-insurable, while most will require the purchase of an insurance contract.
Since insurance also enjoys some tax benefits, utilizing insurance investment products may be a critical piece of the overall investment planning.
A fund investing in insurance products, for example, may routinely side pocket securities linked to natural disasters following the occurrence of such a disaster.
If there is no such chance of loss, the transaction may have the form of insurance, but not the substance.
# Subrogation – the insurance company acquires legal rights to pursue recoveries on behalf of the insured ; for example, the insurer may sue those liable for insured's loss.
The policyholder may hire their own public adjuster to negotiate the settlement with the insurance company on their behalf.
For policies that are complicated, where claims may be complex, the insured may take out a separate insurance policy add on, called loss recovery insurance, which covers the cost of a public adjuster in the case of a claim.
Adjusting liability insurance claims is particularly difficult because there is a third party involved, the plaintiff, who is under no contractual obligation to cooperate with the insurer and may in fact regard the insurer as a deep pocket.
If a claims adjuster suspects under-insurance, the condition of average may come into play to limit the insurance company's exposure.
insurance and pay
Further, there is no mileage charge or mileage limitations when you lease a car, and you pay only the flat monthly rate plus a nominal charge for documents and insurance since the car is registered and insured individually for your trip.
The fat man has trouble buying life insurance or has to pay higher premiums.
However the insurance outcome is strongly anti-correlated with that of the main wager, and if the player's priority is to reduce variation, it is reasonable to pay for this.
* Conservatives for Patients ' Rights, a pressure group founded and funded by Rick Scott that argues for private insurance methods to pay for healthcare
Most modern liability insurance is written on the basis of " pay on behalf " language.
Annuities and pensions that pay a benefit for life are sometimes regarded as insurance against the possibility that a retiree will outlive his or her financial resources.
Such losses, if covered by conventional insurance, mean having to pay a premium that includes loadings for the company's general expenses, cost of putting the policy on the books, acquisition expenses, premium taxes, and contingencies.
They also may not write insurance that is typically available in the admitted market, do not participate in state guarantee funds ( and therefore policyholders do not have any recourse through these funds if an insurer becomes insolvent and cannot pay claims ), may pay higher taxes, only may write coverage for a risk if it has been rejected by three different admitted insurers, and only when the insurance producer placing the business has a surplus lines license.
The Hartford insurance company, for example, recently had to pay $ 80 million to an independent inventor, Bancorp Services, in order to settle a patent infringement and theft of trade secret lawsuit for a type of corporate owned life insurance product invented and patented by Bancorp.
Another example is the legal infrastructure which allows life insurance to be held in an irrevocable trust which is used to pay an estate tax while the proceeds themselves are immune from the estate tax.
Postage stamps are purchased from a postal administration or other authorized vendor and are used to pay for the costs involved in moving mail as well as other business necessities such as insurance and registration.
Many pensions also contain an additional insurance aspect, since they often will pay benefits to survivors or disabled beneficiaries.
Congress passed EMTALA to combat the practice of " patient dumping ," i. e., refusal to treat people because of inability to pay or insufficient insurance, or transferring or discharging emergency patients on the basis of high anticipated diagnosis and treatment costs.
Though patients treated under EMTALA may not be able to pay or have insurance or other programs pay for the associated costs, they are legally responsible for any costs incurred as a result of their care under civil law.
If this is for an adopted pet, typically the victim is expected to pay some fee such as insurance, food or shipping.
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