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If what you are asking is who/what pays the losses of claims submitted to an insurer, the answer is, if it is a covered claim, the insurer.
The nature of insurance is that in return for a premium (a dollar amount paid periodically), the insurer assumes the risk of loss of certain categories of losses outlined in the policy. There are dollar limits to the amount that the insurer will pay for various categories of losses, but within those limits, and assuming that it is a covered loss, the insurer pays. There may also be deductibles, and for some forms of insurance, copayments (which the insured pays), but overall, the insurer assumes the risk of loss and pays covered claims.
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Who can fund gmac insurances?
Whoever chooses to buy GMAC insurance pays the premiums, and GMAC insurance would use the premiums to in turn make sure they had the funds to pay out for the people who made insurance claims.
Where could a company buy credit risk insurance?
Companies can buy credit risk insurance at several different insurance companies around the world. This type of insurance protects the business' accounts receivable. The insurance guarantees against excessive bad debt losses.
What is the difference between CIF and CNF?
CNF is when the seller pays for all freight charges to destination port, after that the buy pays all costs for clearance customs duties and transportCIF is when the seller pays for all freight charges to the destination port, after that the buy pays all costs for clearance customs duties and transport, but it contain compulsory sea insurance.
Where can you buy auto insurance to cover you not your individual cars?
Auto insurance is for cars not for people. You can buy insurance on yourself so contact any insurance agent.
Can you buy hair insurance?
posh people can
What is an insured home loan?
You can buy special life insurance which pays off your home mortgage if you die.Maybe that is what you meant by "insured home loan".
How many people buy online insurance?
50%
Cost replacement on kia sportage wind shield?
if you buy one out right, $350.00, but your insurance will pay either all of it or $ 50.00 deductable. In Florida, the insurance pays 100% by law! Check your state!
Is bodily injury liability car insurance less expensive than most car insurance?
Bodily injury liability insurance pays the cost of the medical bills if you cause an accident that leaves someone injured. This insurance can be cheaper but you want to buy the best policy you can afford.
How did the insurance company get a radio station?
People buy stations.
Reasons to Buy Travel Insurance for Travel Agents?
If you are a travel agent, then it is essential that you buy travel insurance for travel agents. Travel insurance will protect you in so many ways. If you recommend a certain trip to a client and something tragic occurs on that trip, such as a terrorist bombing, then you are protected with this type of insurance. If you do not have this type of insurance, you may not be protected against losses that a client has suffered on his or her trip. It is very important to buy travel insurance to protect yourself from all sorts of potential disasters.
Is it cheaper to get joint life insurance for my wife and I?
Yes, but just to be sure you understand, joint life insurance means that BOTH you and your wife have to die, then the insurance pays out to a third party, so if you want the other spouse to be the beneficiary, you need to buy two normal policies.
