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For the first time, Americans for Insurance Reform (AIR), a coalition of nearly 100 consumer groups around the country, has produced a comprehensive study of medical malpractice insurance, examining specifically what insurers have taken in and what they’ve paid out over the last 30 years.http://www.insurance-reform.org/StableLosses.pdf. AIR examined everything that medical malpractice insurers have paid in jury awards, settlements and other costs over the last three decades, and compared these actual costs with the premiums that insurers have charged doctors. Second, medical insurance premiums charged by insurance companies do not correspond to increases or decreases in payouts, which have been steady for 30 years. Rather, premiums rise and fall in concert with the state of the economy —insurance premiums (in constant dollars) increase or decrease in direct relationship to the strength or weakness of the economy, reflecting the gains or losses experienced by the insurance industry’s market investments and their perception of how much they can earn on the investment “float” (which occurs during the time between when premiums are paid into the insurer and losses paid out by the insurer) that doctors’ premiums provide them. Federal and state lawmakers and regulators (and the general public) are being told by medical and insurance lobbyists that doctors’ insurance rates are rising due to increasing claims by patients, rising jury verdicts and exploding tort system costs in general. The insurance industry argues and worse, convinces doctors to believe that patients who file medical malpractice lawsuits are being awarded more and more money, leading to unbearably high ... Mission Statement—To serve and protect the insurance buying public by assuring that consumers have available a solvent insurance market, a well-educated agency force from which to purchase insurance and by providing high quality policyholder service and education.http://www.odl.state.ok.us/sginfo/oksg/insurance-department.pdf. To this end, the department will enforce insurance laws and regulations impartially and expeditiously. Administration—Kim Holland, Insurance Commissioner, 405/521–2828; Frank Stone, Deputy Personnel—134 unclassi ed, non-merit History and Function— e o ce of the insurance commissioner regulates the many facets of the insurance industry. e department was created by the Oklahoma Constitution that called for election of a state insurance commissioner through a statewide vote of the people. e insurance commissioner is the ex o cio chair of the board, and the other members are appointed by the governor to ve-year terms. e board oversees the state’s system of licensing and certifying real estate appraisers. A long-time Tulsa resident, Holland has been active in public service working with both state regulatory and policy boards. Holland also served as past chairman of the Oklahoma Academy, a non-partisan think tank. She is a former board member of the Oklahoma Health Care Authority, the entity responsible for implementing state health programs related to Medicaid. Holland’s top priorities are to restore public con dence in the o ce as well as create a fair and balanced regulatory environment that protects the interests of all Oklahomans. Salary—$109,205 annually (E ective January 8, 2007) Quali cations for O ce— e individual must have ve years experience in insurance ... Enclosed you will find the brochure for the University student health insurance program.http://www.unco.edu/shc/health_insurance_waiver.pdf. Here are some important points about health insurance. Health Insurance is Required All full-time students (enrolled for nine or more hours) are required to have health insurance. Although we hope you will enroll in our plan, we understand that you may prefer to use other insurance. To waive out of the UNC insurance plan, please submit a copy of your insurance card, along with this waiver form, to the insurance office by the 10th day of classes – September 9, 2002. Failure to pay the premium that appears on your University bill will not automatically cancel the University student health insurance plan Reasonable Cost The premium for the plan is only $84 per month - $504 for each semester. If you are in the UNC health insurance plan for fall and spring semesters, you will automatically be covered year–round. Convenient Billing The cost of your premium will appear on your bill from the University so that you can pay for your insurance along with your other fees and tuition. Portable Plan Your health insurance can be used anywhere in the United States. Although you can use the Student Health Center, you are not required to do so under the UNC insurance. If you have any questions at all, please contact the Student Health Insurance Office in Cassidy Hall at 970-351-1915. I, (Please print your full name) am enrolled for nine or more credit hours at the University of Northern Colorado and have medical insurance coverage on myself through another insurance carrier. I request to be exempt from mandatory health insurance at the University ... Use it as debt protection, collateral for loans, or to safeguard your family.http://www.insurance.ada.org/sl_application.pdf. Nearly 100,000 dentists, dental students, and their loved ones have chosen the ADA Term Life Plan — this is your chance to join those ranks. In addition to $50,000 of life insurance, you get $50,000 of Accidental Death coverage that would double the amount paid to your beneficiary if you should die in an accident. Both types of coverage will increase to $100,000 on July 1 of the year you graduate — with premiums paid by the Plan through the end of that year. You can cancel the insurance at any time, or build on this foundation by applying for extra insurance whenever you need it. ADA Term Life coverage is guaranteed, meaning no medical exam is required, if you are an ASDA member under age 40 and enroll before May 1 of your graduation year. (If you are age 40 or older, call 888-463-4545 for a standard application.) Best of all, you have the built-in option to continue this insurance after graduation, and maintain this important financial protection long into the future. ENROLLMENT FORM If you have already signed up for this free coverage, there is no need to re-enroll. I understand that this enrollment is subject to all terms, conditions, and provisions of said policy. 4. You are eligible to apply for additional insurance for yourself or your dependents at any time before age 65; additional coverage will become effective upon underwriting approval and receipt of the required premium. I’m interested in getting extra ADA Term Life insurance right now. I want to take advantage of low-cost ADA disability insurance for dental students. ADA Term Life ... claims; “insurance manager” means a company operating in or from within Belize which provides insurance expertise to or for insurers and which has in its employment a person who - (a) is qualified by examination as a fellow or associate of the Chartered Insurance Institute of London, or who is a member of either the Society of Chartered Property and Casualty Underwriters and who is either a current member of good standing of the applicable professional body or of some other professional insurance associa-tion recognized bv the Supervisor of Insurance for the purpose of this Act; or is a person of good standing and has been approved by the Supervisor of Insurance; “international business company” means a company incorporated or con-tinued into Belize pursuant to the International Business Companies Act; “international insurance business” means the carrying on or the conducting, whether from within or outside Belize, of any insurance business where each of the insured, the person to whom the policy moneys are payable and the (4) Any director or officer of a registered insurer who knowingly permits the company to continue to carry on its insurance business after the date of expiry of its certificate of registration and before a current certificate of registration has been issued commits an offence against this Act.http://www.ifsc.gov.bz/acts/insurance.pdf. (4) Where the Supervisor gives notice to the registered insurer of his decision to suspend or cancel a certificate of registration or impose condi-tions on such certificate under subsection (3) of this section, the registered insurer shall return the certificate of registration to the Supervisor forthwith. ... The University Corporation requires a Certificates of Insurance and a separate Endorsement page from all Licensees’s renting facilities on the campus.http://www.csun.edu/licensing/insurance.pdf. Licensee shall furnish to University Licensing , PRIOR to the event, an underwriter's certificate of insurance stating that there is liability insurance presently in effect for the Licensee with a combined single limit of not less than $1,000,000 per occurrence a nd $2,000,000 aggregate; and that vehicle insurance is in effect with a minimum If such insurance is made on a “claims -made” basis, and such coverage is later terminated, or converted to an “occurre nce” coverage or visa versa, Licensee shall also acquire “prior acts” or “tail” coverage (as applicable), in the above amounts, covering all periods that place. Insurance shall be placed with insurers with a current A.M. Best’ rating of no less than A:VII. Certificate Holder: The University Corporation Attn: University Licensing 18111 Nordhoff Street Northridge, CA 91330 -8309 Fax 818-677-3017 event is taking The general liability and automobile liability policies are to include additional insured endorsements that contain the State University, Northridge; and their officers, agents, volunteers and employees are to be included as additional insured with respect to liability arising out of automobiles owned, leased, hired or borrowed by or on beha lf of the Licensee; and with respect to li ability arising out of work or operations performed by or on behalf of the Licensee including materials, parts or equipment furnished in connection with such work or operations, General liability coverage is to be provided in an ... The same should apply when you select insurance, too.http://www.ohioinsurance.org/pdf/autoins.pdf. Check with several insurance agents and companies be-fore making a decision. Ask questions regarding the claims process; how long they’ve been in business; the availability of possible dis-counts; and the insurer’s financial stability or rating. The Internet is a great resource to assist in shopping for insurance. Some insurers allow online quotes and cover-age comparisons. If purchasing insurance online, be sure to assess the need for an insurance professional before finalizing the agreement. Be prepared to answer questions when shopping for insurance, such as the car make and model; annual miles driven; and the driving records of you and other family members. SAVING MONEY ON AUTO INSURANCE OII offers these insurance cost-saving tips for Ohioans: Check with several insurance com-panies and agents. Insurers utilize many resources in determining auto insurance premiums. An insurance score, used by many insurers, is a snapshot of your insurance risk based on information in your credit report. OII offers free consumer brochures covering a variety of homeowners and auto insurance issues, consumer safety tips and insurance laws. Learning a few basics about auto insurance can go a long way in helping to become a more knowledge-able insurance consumer. This is in addition to providing proof at a traffic court appearance or upon written request from the BMV. Insurance companies issue “auto insurance ID cards” to new and renewal policy-holders. This “Insurance Activities” handbook booklet provides information for bankers and national bank examiners on the risks, controls and supervision of national banks’ insurance activities by the OCC.http://www.occ.treas.gov/handbook/insactfinal.pdf. Because of the complexity and importance of the legal requirements associated with insurance activities, this handbook also contains considerable legal guidance. Although financial subsidiaries are not subject to those title insurance sales restrictions, they may not underwrite title insurance. Where a state law characterized finder activities as activities of an insurance agent, national banks should comply with the applicable state insurance licensing and other requirements. A bank that conducts its own insurance sales or operations may be able to exercise more control over the insurance activities than it would if it used a separate corporate or third-party structure. Establishment of a separate corporation for insurance activities may minimize the potential legal liability to the bank from financial losses arising from the subsidiary’s insurance activities. The same rules would apply to an insurance company that wants to share information from credit reports or from applications for insurance. Credit life insurance is the mainstay product in the bank insurance industry and has been sold by national banks for decades. Additionally, many are convertible to permanent life insurance without the insured having to show evidence of insurability. Liability insurance protects the insured against loss resulting from being found legally liable for an injury to another person or damage to property of others. Reinsurance is a ... 5.http://www.score-sandiego.org/pdf/Insurance_Considerations.pdf.2 Forms of Insurance Carrying several of the types of insurance indicated in the following paragraphs would be considered prudent for the average business. 5.2 Forms of Insurance 5.2.2 Business Life Insurance or Key Man insurance is normally purchased by a business on individual(s) considered critical to the business, in order to protect the business from the loss of skills, knowledge or services resulting from the untimely death of the individual(s). Business Life Insurance can take the form of deferred compensation for a key employee, with a portion of the death benefit repaying the company’s premiums and the balance going to the individual’s Estate. 5.2.3 Errors and Omissions is a form of insurance that covers liability for mistakes, negligence or errors, as well as unintentional omissions, judgmental omissions or other factors. Such insurance does not cover fraudulent behavior or criminal acts. This type of insurance is often purchased by businesses engaged in buying and selling activities involving contracts with other individuals or businesses. 5.2.4 Federal Deposit Insurance is provided by the Federal Deposit Insurance Corporation (FDIC), a federal agency that guarantees (within limits) funds on deposit by member banks and the banks' depositors. 5.2.5 Fidelity Bond Insurance covers employees who handle money, are entrusted with negotiable securities or are responsible for valuable assets. Such bonded persons are required by the bonding insurance company to carry out their duties and responsibilities effectively and honestly. 5.2.6 Floor Plan Insurance is coverage for displayed merchandise (the display ... On September 14, 1998, the NAIC adopted a model regulation that superceded an earlier model regulation addressing the replacement of life insurance.http://www.state.nj.us/dobi/proposed/pn04_158.pdf. To regulate the activities of insurers and producers with respect to the replacement of existing life insurance and annuities; and 2. Subsection (b) sets forth the requirements applicable to insurers where the applicant responds to the inquiry from the insurer as to the applicant’s intention with regard to an existing policy or contract by indicating that a replacement is intended. Social Impact The proposed new rules amendments and repeals will have a favorable impact on consumers in that the rules require insurers and/or producers to provide consumers with sufficient information to make a fully informed decision concerning the purchase of life insurance and annuity replacement coverage. Proposed N.J.A.C. 11:4-2.3 requires producers who initiate applications for life insurance policies or annuity contracts to submit certain statements and notices to the insurer concerning existing policies or contracts, and to provide the applicant with copies of certain documents. To regulate the activities of insurers and [agents] producers with respect to the replacement of existing life insurance and annuities; and 2. Group life insurance or group annuities where there is no direct solicitation of individuals by an insurance producer. Group life insurance and group annuities used to fund prearranged funeral contracts where there is no direct solicitation of individuals by an insurance producer. Where new coverage is provided under a life insurance policy or contract and the cost is borne ... • Growing areas of the insurance industry are medical services and health insurance, and expansion into other financial services such as securities and mutual funds.http://www.bls.gov/oco/cg/pdf/cgs028.pdf. The insurance industry consists mainly of insurance carri-ers (or insurers) and insurance agencies and brokerages. While some of these establishments are directly affiliated with a particular insurer and sell only that carrier’s policies, many are independent and are thus free to market the policies of a variety of insurance carriers. In addition to supporting these two prima-ry components, the insurance industry includes establishments that provide other insurance-related services, such as claims adjustment or third-party administration of insurance and pen-sion funds. Insurance carriers assume the risk associated with annu-ities and insurance policies and assign premiums to be paid for the policies. Direct carriers are responsible for the initial underwrit-ing of insurance policies and annuities, while reinsurance carri-ers assume all or part of the risk associated with the existing insurance policies originally underwritten by other insurance carriers. Life insurance provides financial protection to beneficia-ries—usually spouses and dependent children—upon the death of the insured. Disability insurance supplies a preset income to an insured person who is unable to work due to injury or illness, and health insurance pays the expenses resulting from acci-174 dents and illness. Insur-ance carriers also underwrite a variety of specialized types of insurance, such as real-estate title insurance, employee surety and fidelity bonding, and medical malpractice ... You can obtain life insurance policies through agents or brokers, by mail, via the Internet, or through group plans offered by your employer or an association.http://www.insurance.wa.gov/publications/consumer/Life_insurance_guide.pdf. All state laws and regulations regarding selling insurance apply to the Internet and insurance-based Web sites. Insurance companies are part of the free enterprise system and can – within certain limits – select those individuals they want to insure. A life insurance policy is a legal contract between you and the insurance company. Term and cash value insurance are the two basic types of life insurance that companies offer in various forms. Term insurance Term insurance gets its name because it protects you for a specific “term”—usually a year or a limited number of years. Term insurance is well suited to fill a temporary need for increased insurance. In Washington state, if you leave a group life plan or your employer drops the plan, the law requires group life insurance to allow you to convert to permanent whole life insurance coverage. This type of policy starts out as term life insurance and then converts to a cash value life insurance policy. Young people who want financial security for their new families, but cannot afford cash value life insurance, may choose a convertible term insurance policy. These policies give you the option to convert your coverage to cash value life insurance for a limited time—without providing health information and some other proof of insurability and at the insurer’s current premium rates. When a husband and wife or business associates need life insurance, it is often cheaper to buy a joint life insurance policy instead of two ... Because the scope of this brochure is limited, credit union members may wish to contact their credit unions or NCUA for further insurance coverage details about situ-ations not addressed in this brochure.http://www.ncua.gov/Publications/brochures/insured_funds/funds.pdf. Members are advised that no persons may, by representations or interpretations, effect the extent of insurance coverage provided by the Federal Credit Union Act as amended and the rules and regulations for insurance of share accounts. Credit unions that are insured by the NCUSIF must display in their offices the official NCUA insurance sign which appears on the cover of this brochure. Here are some important facts to remember about your share insurance: Not one penny of insured savings has ever been lost by a member of a federally insured credit union. The federal insurance fund has several programs to help insured credit unions which may be experiencing problems. As a member of an insured credit union, you do not pay directly for your share insurance protec-tion. Some state credit unions are insured by private insurance or guaranty corporations which are separate and apart from NCUSIF. No. Liquidation is the only situation in which a member is directly provided share insurance protection by the payment of a check for his or her insured savings. Thus, a member may hold or have an interest in more than one separately insured share account in the same insured credit union. A member who has share accounts in two or more different insured credit unions would have coverage up to the full insurable amount in each credit union. When a state credit union converts its NCUSIF share insurance to another licensed share insurance ... The Board communicates its recommendations by publishing recommended accounting standards after considering the financial and budgetary information needs of congressional oversight groups, executive agencies, and other users of federal financial information.http://www.fasab.gov/pdffiles/17_ss.pdf. Although they generally share certain characteristics, "social insurance" programs are too diverse to allow definitive criteria to be applied to include some and exclude others from the category. The liability should be social insurance benefits due and payable to or on behalf of beneficiaries at the end of the reporting period, including claims incurred but not reported (IBNR). Certain social insurance programs (i. e., SMI , Black Lung benefits, and UI) are either not financed by earmarked payroll taxes or are financed by state-determined payroll taxes on employers that can vary by state and by employer; therefore these programs are not required to provide this estimate. The standard for consolidated governmentwide accounting and reporting for social insurance programs is the same as that for component entities except as provided below. (a) Cashflow projections should be made for all social insurance programs as described under the component entity standard (see par. These programs have certain characteristics that set them apart from general assistance programs on the one hand and insurance programs on the other hand. While many who support liability-type disclosure agree the open group data are desirable to aid in assessing the sustainability of social insurance programs, they also believe that an assessment of the financial condition of the program -- and more ... Auto insurance is one of the most personal kinds of coverage we purchase.http://www.insurance.wa.gov/publications/auto/Consumer_Guide_Auto_Insurance.pdf. Yet my office receives more complaints about auto insurance than any other type of coverage. This guide will help you understand how auto insurance works and what coverage is right for you. The Office of the Insurance Commissioner (OIC) publishes additional guides, fact sheets and other information to educate and assist consumers. All are available on the OIC’s Web site at: www.insurance.wa.gov under “Publications.” Also, if you need help with an insurance problem, or want to file a complaint, call our Insurance Consumer Hotline toll free at 1-800-562-6900. Your insurance policy is a contract between you and your insurance company. The declarations page includes: Name of the insurance company Name(s) of the policyholder(s) Policy number Policy period Description of the vehicle(s) insured Coverages purchased Limits of liability and deductibles purchased Premium charge for each coverage List of forms that are a part of the policy The second part of your insurance contract is the policy itself. This includes: Insuring agreement Definitions When and where coverage applies Conditions if the vehicle is financed General conditions Mutual conditions Exceptions and endorsements of the policy There are many different types of coverages available to meet your auto insurance needs. Many insurers offer auto insurance in Washington state. However, the Insurance Commissioner believes that the use of credit information in insurance is inherently unfair and in 2002, he requested a bill to limit its use. For more information, read the fact sheet ... | |
