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What is definition of retro date on insurance policy and prior and pending litigation date?
Wiki User
∙ 14y ago
These are dates used in claims made insurance.
Retro date - Policy covers any claim alleging facts occurring after this date
Prior & Pending Date: Covers all claims made after this date (no coverage for claims known at policy inception)
Wiki User
∙ 14y ago
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What is a P-and-P date in an insurance policy?
This may refer to the "Prior and Pending" litigation date in a Directors and Officers liability policy for a corporation. A new policy will not cover litigation that is either existing (prior to the effective date) or in the process of being filed (pending).
What is the dictionary definition of a policyholder?
A policyholder is an individual or entity that has an insurance policy in place with an insurance company. The policyholder pays premiums to the insurance company in exchange for coverage and protection against specified risks outlined in the policy.
Do you have to be listed on your parents insurance coverage to be coverd by there insurance?
You have to be either named or you have to fit the definition of a named insured on the policy.
What happens if a life insurance policy fails to meet the federal definition of life insurance?
loss of tax treatment
Your business insurance expired you need to get new what can you do had no claims pending just let expired now i need new?
business was slow had a policy it ran out can i get new insurance with another company
What is the definition of "axa variable annuity"?
The definition of AXA Variable Annuity is a life insurance policy that give the option of market appreciation. It gives you a variety of investment options with your policy.
What happens if you are in accident and pending cancellation of insurance?
If you're in an accident while your insurance cancellation is pending, coverage might still apply based on your policy's terms. Insurance providers generally offer a grace period during cancellation processing. However, it's crucial to contact your insurance company immediately and provide accurate information about the accident. For assistance or queries, you can reach out to the provided contact number +1 (833) 549-4777. Always adhere to policy guidelines and promptly communicate with your insurer to ensure the best possible outcome in such situations.
Can you cancel health insurance with pending claims?
I'm not an authority on health insurance. But would think the same would apply (but please check), that if your policy were in effect on the 'date of loss' then coverage would apply.
What is a term life definition?
The definition of term life is life insurance that provides coverage for a fixed period of time in your life. If you pass away during the term, your beneficiary will be granted with your life insurance amount based on your specific policy.
What happens is you have a pending claim and are involved in another accident before the pending claim is settled?
You will now have two claims pending. Additionally depending on the circumstances of the accidents and a fault determination you will likely be paying a "LOT" more for your insurance in future. You may also find your policy cancelled or non renewed by your current insurer and may have difficulty finding a new insurance company that is willing to accept you.
Is unexpired insurance an asset?
Yes. Unexpired insurance, or prepaid insurance, represents value to the business since it has utility and is owned by the business (the company has claim to the policy). Therefore by definition, unexpired insurance is an asset.
What is the difference between insurance binder and insurance dec page?
An insurance binder is written evidence of insurance coverage that runs for a limited time, and must be replaced by a permanent policy on the subject property. Stated otherwise, a binder is a policy of temporary insurance which normally remains in force pending the issuance and delivery of the permanent policy. A declarations page is part of the insurance policy that includes the insureds' name, location of the property being insured, property description, the policy period, coverage included and applicable premiums. Declarations pages are a part of all kinds of insurance policies, including property, life and health. They generally summarize the coverages and policy limitsm but do not purport, and should not be relied upon to descrive all coverages of the policy.
