Can a Trust Be a Life Insurance Beneficiary?

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Most U.S. jurisdictions allow life insurance trusts, in which a trust is designated as the beneficiary of the life insurance proceeds. However, the settlor (the individual assigning the life insurance proceeds to the trust) must be mindful of other laws that may impact distribution of life insurance

Problems With Uninsured Motorists

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The Insurance Research Council estimates that one in six drivers in the United States is driving uninsured. This has big financial consequences for national and local economies, especially for drivers who are insured. Uninsured motorists present a number of problems that cause headaches for law-abid

Does California Unemployment Insurance Use an Alternate Base Period?

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Your prior wages play an important role in both your unemployment eligibility and the amount of compensation you can collect. Alternate base period laws allow unemployment claims from those who may have worked more or earned more toward the end of their employment time. Currently, Californian unempl

How to File an Act of God Insurance Claim

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An act of God insurance claim is one in which no person is directly responsible for the problem caused. The term refers to specific occurrences out of human control, such as tornados, hurricanes or other natural disasters. This includes the damage created by such a natural disaster such as hail, win

What Is Third Party Liability Auto Insurance?

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There are two parties involved in a typical insurance contract. The insured is the person or entity that is provided the protection, and the insurer provides the insurance coverage. A third party is someone who suffers injury or damage as a result of the actions by the insured, which is what third p

Massachusetts Health Insurance Tax Penalty for Nonresidents

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The Massachusetts Health Reform Act, as codified in Chapter 111M of the Massachusetts General Laws, requires that adult state residents who can afford health insurance coverage must have it or else be required to pay a penalty with their state personal income taxes.

Connecticut Health Insurance Laws

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Connecticut health insurance law is compiled in Title 38a, Chapter 700c of the General Statutes of Connecticut. The law deals with issues including rate requests by Medicare providers, the use of psychotropic drugs for mental health patients, the dissemination of heath insurance...

Questions for Insurance Claims Adjusters

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Following a car accident, prepare questions for insurance claims adjusters.road accident image by Nicola Gavin from Fotolia.comIndividuals purchase insurance policies to protect themselves from financial liability in a number of circumstances. When loss occurs because of events, such as a...

Checklist for an Audit of a Trust

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Auditors have a checklist to follow when evaluating trust assets.accounts image by Alexey Klementiev from Fotolia.comAudit procedures analyze trust components acquired by the creditor to determine the maximum asset protection and risk liability. When an audit is preformed, a document...

Does Texas Have Tier 5 Benefits?

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Texas does not have Tier 5 benefits. As of July 2011, Texas does not even qualify for Tier 4 benefits, although it appears to be edging closer. With a three-month average unemployment rate of 8.3 percent, the state does not fulfill the national requirement for Tier 4, which is an average rate of 8.5

What Is a Guarantor on an Insurance Policy?

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A guarantor, also called a surety, is the individual who agrees to be responsible for someone else's obligations. In finance, a guarantor is colloquially known as a "co-signer." In insurance law, a guarantor has similar responsibilities as a co-signer, but for insurance liability purposes

Why Should an Organization Have Insurance?

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For-profit and nonprofit organizations need insurance to protect them against liability. This liability can result from employees embezzling funds, your business car being in an auto accident, or injury to a customer or third party.

What Does Auto Insurance Do for You?

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Depending on the types and amount of coverage you purchase through a contract with an insurance provider, an automobile insurance policy can protect your assets in the event you are at fault in an accident. An auto policy can insure your vehicle from damage resulting from an accident caused by an u

Florida HMO Law

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A health maintenance organization (HMO) is a kind of health insurance that covers a wide range of policies. In Florida, inexpensive services are available from an assortment of physicians and hospitals that agree to be part of the HMO plan.

How to Settle Auto Insurance Claims

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If you have been in an auto accident that has resulted in damage to your vehicle or injury to yourself, you will have to file a claim with an auto insurance company. After you file your claim, you must wait until you get an offer to settle with the insurance company. Once you get the first offer, yo

Beneficiary of a Divorce

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Divorce can involve not only painful emotions but also complicated legal and financial issues. One of these is who becomes beneficiary of your assets after the separation is complete. If you plan to divorce, read carefully any policies you have that name beneficiaries.

Ohio Car Insurance Regulations

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All Ohio drivers are required to have automobile insurance.Luxury Car sportscar from my luxury car series image by alma_sacra from Fotolia.comThe State of Ohio wants to make sure that motorists are protected in the event they are unfortunate enough to have an accident while driving. The...

Laws Govering Auto Insurance in Missouri

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Missouri drivers must have liability and uninsured motorist coverage.yellow car, a honda japanese sport car model image by alma_sacra from Fotolia.comFailure to maintain state-mandated car insurance can result in a host of serious consequences, particularly if a driver causes an accident...

The Differences Between Primary & Contingent Beneficiaries

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OverviewLife insurance is available for a person who wants to provide money for his family members upon his death. When he dies, the insurance company will pay the policy’s proceeds to the person or person(s) the policy owner designated to receive them. The people receiving the...

Florida Auto Insurance Rules

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Florida Department of Highway Safety and Motor Vehicles requires minimum liability coverage for all registered vehicles.florida adventure image by feisty from Fotolia.comThe automobile insurance rules in Florida are designed to protect all drivers in the state. Almost all states have...