Insurance Audit Checklist

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An insurance audit could save you money.financial management image by Lennartz from Fotolia.comAn insurance audit is often conducted on behalf of insurance companies that issue worker's compensation, general liability and risk insurance policies. If you are a business owner or independent...

Does Liability Insurance Protect You Against Claims If the Collision Is Not Your Fault?

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Liability insurance works differently depending on the auto accident laws in your state. For no-fault insurance states, liability insurance coverage is largely irrelevant because insurance companies and law enforcement do not assign fault for accidents. It's difficult to be liable for an accident wi

How to Create an Irrevocable Life Insurance Trust

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An Irrevocable Life Insurance Trust, or ILIT, is a commonly used estate planning tool. When an individual passes away, all the assets in his taxable estate (including life insurance proceeds) are subject to estate taxes. Due to a legislative loophole there are no estate taxes for 2010. According

Insurance Claims Laws

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In the United States, insurance law is enacted by individual states. Laws relating to insurance claims typically define the responsibilities of insurance companies and help prevent insurance fraud. Current insurance claims laws include those in California defining the responsibilities of...

Auto Liablity Insurance Laws in Texas

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Texas requires liability insurance or other methods of showing financial responsibility for all vehicles.texas map image by Vladislav Gajic from Fotolia.comAutomobile liability insurance is required by most states to protect drivers from financial damages caused by auto accidents. The...

How Does a Speeding Ticket Affect Auto Insurance Rates?

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What Makes A Speeding Ticket Different?According to InsWeb.com, insurance companies charge more for speeding infractions because of the inherent risk of those drivers. They theorize that speeders are more reckless and more likely to cause accidents in the future. These accidents, of...

The Evolution of Life Insurance

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Life insurance is a fascinating financial product that leverages the insurance company's money management expertise and risk management abilities. A life insurance policy pays your loved ones a death benefit when you die. This money is money that you probably do not have yourself, otherwise you woul

How to Put My Divorce on Hold to Keep Health Insurance Benefits

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Health insurance coverage is a valuable asset. Oftentimes when a couple divorces, one spouse ends up uninsured. If you are facing the prospect of losing your health insurance coverage as the result of a divorce, there are options available to you, including putting your case on hold. Although it's n

Role of Insurance Companies in Patient Health

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Insurance companies play a critical role in patient health by pooling risk (through collecting premiums from a large number of individuals) to cover specific medical expenses incurred by policyholders. The rising cost of health insurance is a tremendous strain on the resources of middle-to-low-incom

What is the Penalty for Driving in Indiana Without Insurance?

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The Indiana State Code details the provisions and requirements for drivers who register vehicles or out-of-state drivers who use Indiana roads. The laws, known as financial responsibility laws, determine how much insurance is required, how to provide proof of insurance, and penalties for driving wit

Car Insurance Requirements in California

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California requires drivers to carry liability insurance in the event an accident causes damage to another vehicle or any injuries to the other party. It does not require, however, policies that provide comprehensive coverage (pays for damages to the driver's vehicle due to factors such...

Definition of Last Chance Insurance

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In an ideal situation, people buy life insurance long before they need it. They get a good rate because they are young and healthy. But people with short life expectancies, whether because of their age or an illness, have an option for life insurance, too. Guaranteed life insurance, also known as la

Legal Requirements for Insurance

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Insurance, depending on the type, is regulated by a variety of state and federal laws. Automobile insurance is left to states to regulate. As a result, each state has specific laws and mandates. Requirements include coverage that is mandatory and documentation that each driver is required to obtain

Consumer Rights & Health Insurance

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The Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the Patient Protection and Affordable Care Act of 2010 give health insurance consumers specific rights.

How Much Do You Pay for Auto Insurance in Wisconsin?

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Driving without insurance is illegal in every state, and insurance makes up a significant part of the cost of owning a car. Various factors are considered when insurance companies calculate policy rates for their customers. Consumers can control certain factors; others they can't. It's helpful for c

How to Determine Comparative Negligence in Auto Accidents

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You can still recover damages from an auto accident in which you share some degree of negligence, or fault. Most states no longer use the old system of pure contributory negligence which did not allowed injured parties to sue for damages after accidents that they were even partly responsible for. In

How do I Get a License to Do Massage in Seattle?

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Massage therapists manipulate the soft tissue of the body to promote relaxation and relief from stress and pain. To perform their jobs properly, they require extensive knowledge of anatomy and massage technique to name a few. Washington requires massage therapists to get a license from the Washingto

What Is FR-44 Insurance?

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FR-44 is a Financial Responsibility insurance certificate required for drivers who have a DUI (Driving Under the Influence) or DWI (Driving While Intoxicated) conviction. After sentencing, such drivers must file an FR-44 that dictates the minimum amount of insurance coverage. As of June 2010, an FR-

Army National Guard Widow Benefits

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No one ever wants to lose a spouse. However, if a member of the National Guard should pass away, the Army does its best to ensure that the member's family is taken care of. The member's status at the time of death may affect the benefits that the spouse receives. There are different benefits for mem

Workman's Comp FAQ

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Workman's Comp, also referred to as workers' compensation, is an insurance that covers the medical expenses and a portion of the wages of an eligible employee who is hurt on the job. Workers' compensation does not prevent an employee from suing an employer for work-related injuries or illnesses.