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What is a formal request made to an insurance company for payment of a loss is called?
Customarily, it is referred to as a "claim".
A regular payment made to a person after they retire?
A regular payment made to a person after they retire is called a pension
What is the meaning of buyer of structured settlement payment?
A structured settlement is a financial or insurance arrangement whereby payment is made by a series of periodic payments. Structured settlements are now commonplace in product liability or injury insurance claims.
What is Payment made for the use of borrowed money called?
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
What does the insurance term 'adjustment' mean?
The word "adjustment" when used in the context of insurance means:The monetary amount an insurance "adjuster" has determined is the appropriate payment to be made to an insured person for a claim that is covered under the insurance policy.
What is a payment made by a company to its shareholders called?
A payment made by a company to its shareholders is called a dividend.
What is an annual payment called?
A fixed payment which is made annually is called an annuity.
Can the person who used there credit card cancel your car insurance or is that only the policy holder that can do this?
The person who is the policyholder is the only one who can request a cancellation of the policy. If however, payments are being made monthly or quarterly to a credit card they can stop the payments and the policy will cancel for non-payment. You will receive a notice of cancellation and have the opportunity to change to a different form of payment to keep the policy in force.
Does insurance go under assets or liabilities?
If insurance paid in advance then it is asset but if insurance benefit taken and payment not made then it is liability.
Farm Family Casualty Insurance Company- Can an electronic payment be made for auto insurance by debit card?
yes! or no
Does an insurance payment extend the statute of limitations in Wisconsin?
If it deals with the validity of the insurance agreement, yes. If it is related to a claim made by someone else, no.
Do I pay the bank of they're paying my home insurance?
Not sure of your question because I believe you made a spelling error but, Some mortgages include the payment for the insurance on the property. Most times this is called PMI (Personal Mortgage Insurance) It protects both you and the bank if something happens to the property or YOU and the mortgage can not be paid.
Does PMI help the homeowners skip a month's payment if a spouse lost their job?
The provisions were just made available through the Obama administration. The private mortgage insurance covers job loss and allows the consumer to not only skip a mortgage but also an insurance payment.
What is a payment made by a purchaser to the carrier of goods delivered called?
A delivery charge.
What is the term for Payments made after a product or service has been received?
weekly payment from payroll deduction at $125.00 per week and comprehensive insurance coverage
What is the meaning of "second to die" life insurance?
It is when a payment is only made after the last insured person dies. Usually used by a couple to pay their children.
What is the payment for the use of borrowed money?
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
