An insurance company makes a decision to issue coverage based on the answers on the application, the company's underwriting guidelines and medical information they may receive from an attending physician's report or even blood and urine samples and test results. If an applicant or insured person makes a mis-statement about his or her health it basically voids the application. If you have been recently diagnosed with a terminal disease and buy a policy they don't have to pay the claim when you die because you did not disclose information that they would have used to determine if you were eligible. Basically you attempted to trick them and you will not win. It's kind of like wrecking your car and then buying insurance to repair it after the fact. Mis-statement on any application voids coverage.
Insurance commissioners are not there to protect insurance companies. They are they to protect consumers but you have to remember that an application for insurance coverage is part of a contract. The policy is also a contract between the applicant and the company. The insurance regulators or commissions are there to ensure the companies don't break the law and to protect the rights of the consumer. Most Departments of Insurance return millions of dollars to consumers every year and fight insurance companies and win. A lot of people don't bother filing complaints against companies because they don't think they'd win but you'd be surprised.
Thanks, Barbiejoy
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If you still think you're right - send them another letter.
If that doesn't work, contact the Insurance Commissioner, your agent or an Attorney.
AnswerThe insurance commissioner is there to protect the insurance companies, too. Not just the consumer. If there are lies on the application, you are entitled to a refund of the premiums paid. If the statements were true, you'd better get a good attorney, because the insurance company already has a good attorney. AnswerIf you have a life insurance claim that has been denied or is being delayed, you should contact the Center for Life Insurance Disputes for a free consultation.It just depends on whether the assertion of untrue statements on the application are factual or not.
If the applicant for insurance lied on the application and you know this is a fact, then there is nothing to do. This is known as "Fraud through Misrepresentation" of the material facts. It would be a crime for the Insurer to pay you if they determine fraud. It could also be a crime for the recipient to accept the pay out if that recipient is aware of or was in collusion with the untrue statements used to obtain the policy.
If you disagree with the insurers conclusions of misrepresentation and feel the claim is legitimate, then you may consider getting an attorney to assert your legal rights in court to obtain our payout.
an application is what an insurance agent fills out and you sign and pay premium and then the agent summits to company
The term usually used is a "claim".
An injury claim is when someone receives an injury and the claim is sent to an insurance company for compensation. If you are hurt at work, the claim would be submitted to worker's compensation. An automobile accident injury would be submitted to the auto insurance company.
Insurance form means the proposal form to be filled and submitted by the applicant to the insurance company which may accept the proposal to insure the applicant.
You will continue to pay insurance premium to renew the policy,irrespective of the claim to be submitted after truck accident.
A minor can not legally enter into most binding contracts As a result a parent or guardian is usually required to approve or authorize a contract by signature. So Although, Yes,, they can obtain Auto Insurance Without the parents listed as named insureds on the insurance contract, However, A parents signature will still be required on the insurance application authorizing the minor to enter into the contract.
It is a case registered by an insurance company with the WC board when they dis agree with the claim submitted
Its probably not a law that you have to your child to an insurance policy but it may be part of the contract between the insured (yourself) and the insurance company. The application and policy make up a legal contract for your auto insurance. In this contract you agree to notify the insurance company of any and all drivers and household members and you agree to pay the premium. The insurance company agrees to pay claims for the coverage you purchased and to defend you in court should the need arise. The reason the insurance company wants to know about your child (all household members) is because if you are in an accident they need to know how many people from your household may be in the car so they can charge enough to cover the medical expenses of all insureds. Insurance companies are regulated state by state so your state may have different rules as to what the insurance company can require to sell you an insurance policy.
I am an insurance agent in Texas, and I know from personal experience that you do not have to comply with an audit. However, the insurance company can cancel your policy for "noncompliance". This is because your premiums are based on information that is collected from you by your agent, then submitted on your initial application. The insurance company will later try to verify this information via an audit, in order to adjust premiums. Sometimes insurance agents put inaccurate numbers on the application in order to get a lower quote and sell the policy. Also, a company could end up doing much better than they expected and growing. In either of these scenarios, the risks associated with conducting that business are much higher than the insurance company thought they would be when they assigned a premium to your policy.
CHeck to see if your insurance has comprehensive coverage and see if your insurance company will reimburse you for the window breakage. If so then break the window to get in and file the claim for reimbursement with your insruance company. In SC, State Farm covers this for our insureds.
It would more than likely be one of the insureds. Usually the 1st named on the policy. Look at your policy or call the agent or company and ask..
An insurance policy in combination with the application for insurance together make a legally binding contract. The application is the acceptance of the quote along with certain guarantees made by the applicant. As long as the truth is given on the application then the application is accepted by the company and it is a bound contract. If it is later found that you lied on the application, the contract is broken and the company does not have to abide by their part of the agreement either.