Do Parking Tickets Affect Insurance in Bc

Avoidance way statements, statements can contain words that have several senses, several simultaneous senses. Penalty Points and Insurance Rates Parking tickets generally do not affect insurance rates in British Columbia, unless they result in penalty points being added to your driving record. Penalty points are assigned for certain traffic violations, including some parking offences. If … Read more

Do I Need to Tell My Insurance About Modifications

If you’ve made any modifications to your car, it’s important to let your insurance company know. This includes things like adding a spoiler, installing a new sound system, or getting custom paint. Why? Because these modifications can affect the value of your car and the risk of it being stolen or damaged. By informing your … Read more

How is Solvency Ratio Calculated in Insurance Company

The solvency ratio, which is used to assess an insurance company’s financial stability and ability to meet its obligations, is calculated by dividing the company’s policyholders’ surplus by its total liabilities. The policyholders’ surplus is the difference between the company’s assets and its liabilities. A higher solvency ratio indicates a greater ability to withstand financial … Read more

Is Aetna a Good Insurance Plan

Aetna is a widely recognized health insurance provider with a vast network of healthcare professionals and facilities. It offers various plans tailored to meet different needs, from basic coverage to comprehensive options. Aetna’s plans are generally known for their affordability, flexibility, and accessibility, making them a preferred choice for many individuals and families. The customer … Read more

Does Insurance Cover a Reverse Tubal Ligation

Insurance coverage for a reverse tubal ligation varies depending on the specific insurance plan and the reasons for the procedure. In some cases, insurance may cover the procedure if it is deemed medically necessary. For example, if the tubal ligation was performed as a form of permanent birth control and the patient now desires to … Read more

Is Enterade Covered by Insurance

Enterade is a medical food specifically formulated for people with short bowel syndrome (SBS). It is a prescription-only product that is used to provide essential nutrients and fluids to people who cannot absorb enough nutrients from their regular diets. Insurance coverage for Enterade varies depending on the specific insurance plan. Some plans may cover Enterade … Read more

What Does Misrepresentation Mean in Insurance

Misrepresentation arises when a party provides inaccurate or misleading information during negotiations or the formation of a contract. This can occur intentionally or unintentionally and may result from errors, negligence, or deliberate deceit. Misrepresentation can render a contract voidable or void, depending on its materiality. Material misrepresentation involves the provision of false information regarding a … Read more

What is Reinsurance in Simple Terms

Terms. The alphabetic listings below refer to the same terms as are found in the previous list. Each term is located in its alphabetical order and followed by the location of the same entry in the previous list. A. Absolute value, 23, 45, 56, 66, 80, 98, 106, 130. Additive identity, 32, 84, 93, 114, … Read more

What is a Temporary Life Insurance Agreement

A Temporary Life Insurance Agreement (TLIA) is a type of insurance policy that provides coverage for a specific period of time, usually less than a year. It’s often used when a person needs additional coverage for a short period, such as during a major life event or a risky activity. The premiums for a TLIA … Read more

What Kind of Insurance is Unum

Unum provides a range of insurance products designed to help individuals and businesses manage financial risks. These include disability insurance, life insurance, accident insurance, and critical illness insurance. Disability insurance provides income protection in case of an illness or injury that prevents someone from working. Life insurance offers financial protection for loved ones in the … Read more