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The insured; a person who is covered by the insurance policy.
References in periodicals archive ?
When a policyholder contacts his/her insurer and verifies his/her identity, he/she can receive an advance payment for up to $5,000 on a flood claim before an adjuster visit or additional documentation.
Subrogation rights vary across jurisdictions and can have serious consequences both for the policyholder and the insurer.
com), counsel with Pillsbury Winthrop Shaw Pittman LLP in New York, focuses his practice on representing policyholders in insurance coverage and construction litigation.
Unfortunately, ir is not uncommon for insurance companies to set reserves in a manner that the policyholder views as imprudent and unreasonable.
I decompose the risk (probability of loss) of a policyholder into a general risk and a specific risk.
One million policyholders are being offered the cash in exchange for giving up their rights to any future redistribution of the surplus assets that have built up in the with-profits funds.
Cost is determined by the age and health of the policyholder.
In some cases, however, the agreement is presented late in the negotiations for the insurance protection, leaving the prospect of the policyholder feeling like he or she has a gun to their head.
28, 1997, and under the terms of the agreements, he returned policy and policyholder descriptions, claim draft books, rate books, agent's service texts and a computer containing much of the policy information.
It is important always to keep in mind that a captive is strictly a risk-financing technique designed to pay claims and expenses on behalf of its policyholders.
Corporate policyholders should welcome these new sources of financing and the flexibility that these insurance products provide.