Managed care A type of health insurance in which a Pt can choose the hospital and provider, and the insurer reimburses the Pt or provider for a set percentage of the cost, minus deductibles and co-payments
Although employees have a general knowledge of how their major medical insurance works, they may not understand the benefit of having supplemental hospital indemnity insurance. This is an opportunity to help them understand that while major medical pays for most medical services, hospital indemnity insurance is designed specifically to help with out-of-pocket costs that insurance typically doesn'tcover, like a deductible or copayment.
Warranty and indemnity insurance provides a solution for the 'warranty gap' where sellers who are not prepared or able to give warranties and indemnities can provide a package which will enable buyers to make warranty claims against the insurer.
The amount of professional indemnity insurance cover the designer is required to have in place is generally determined on a case by case basis, depending on the extent and the complexity of the design works in question.
However, it noted that since the insurance surveyors rely more on professional skills rather financial strength to undertake their work, the proposed changes a fivefold increase in capital requirements and a tenfold increase in indemnity insurance will do little to improve either the standards in the industry or inculcate responsibility in the surveyors.
The new licence will also guarantee that Applegate Properties is covered by required amounts of Professional Indemnity Insurance. it will also undertake 12 hours of Continuing Professional Development every year, commit to keeping up to date with industry developments and be bound by the NAEA's Rules of Conduct.