Two Business Partners Carry 15 Year Term Life Insurance. The Insurer Pays 100, 000 For Each Partner Who Dies?
Question by Justin | Posted in Mathematics
Two business partners carry 15 year term life insurance. The insurer pays 100, 000 for each partner who dies within 15 years, and 0 for each partner who does not die within 15 years. The remaining lifetimes of the two partners are independent and each are uniformly distributed on [0, 15]. Determine the moment generating function of the total amount the insurer pays for the partners.
Answer: there's no corrilation, there are too many variables not discussed in your problem
My Life Insurance Policy And My Insurer?
Question by unemployed_decoy | Posted in Insurance
I have life insurance policy with a major US insurer. If this insurer files for bankruptcy and sells off its assets, what will happen to my life insurance?
Answer: It will be transferred to another insurance company admitted to do business in the state in which you bought it.
Life insurance policies are transferred ALL THE TIME.
Two Business Partners Carry 15 Year Term Life Insurance. The Insurer Pays 100, 000 For Each Partner Who Dies W
Question by austin | Posted in Mathematics
Two business partners carry 15 year term life insurance. The insurer pays 100, 000 for each partner who dies within 15 years, and 0 for each partner who does not die within 15 years. The remaining lifetimes of the two partners are independent and each are uniformly distributed on [0, 15]. Determine the moment generating function of the total amount the insurer pays for the partners.
Answer: I think this problem is missing something. given the dist [0,15] the insurer has an infinitessimally small chance of not paying contract. so payout is always $30,000
Is This Right? I Switched Car Insurance And My Old Insurer Sent Me A Bill For The Balance Of My Old Policy?
Question by Krysta | Posted in Insurance & Registration
I moved to a different state and I had to get new car insurance with a different company. Yesterday I got a bill in the mail from the old insurer saying that my new balance is $390. I have to pay at least $130 within 30 days.
My old insurer doesn't provide coverage in my new state. I thought that when I switched, all my financial obligations to them would be over.
Why do I have to pay off a balance when I'm no longer insured with them?
Any help would be appreciated, thanks,
Answer: Sheesh! A load of bad answers again!
When you cancel a policy, the insurance company recalculates the total premium for the period that the policy was in force. Then they deduct any payments you have already made. If there's a balance due, you get a bill. If there's an excess, they cut you a check.
You have to pay for the period of time that the policy was in force. Obviously the payments you had already made were not enough to cover the total premium due. So, yes, you must pay this.
Although most people make monthly payments on their insurance, it's not sold month-to-month. It's sold by the policy term, either 6 or 12 months. The insurance
Can The Insurance Group Alter Depending On The Insurer?
Question by Marie | Posted in Insurance & Registration
I am looking to buy a SEAT Leon 1.9TDI Reference. My dealer has told me the insurance group is No.7, but SEAT Insurance told me it is Group 17, but Go Compare said it is Group 6. I am confused and does the group differ depending on the Insurer?
Answer: The method used to group cars recently changed and I think what's happening here is that the companies that are quoting 6 and 7 are still using the old system, while SEAT are on the new one.
Group 17 on the old system would be for big Mercs, Jags, BMWs etc so a SEAT Leon world be nowhere near that.
The group doesn't really matter anyway, it's only a rough guide.
May 18, 2012 from Chris Clements
#INSURANCE The Peterborough Telegraph reports that Insurer launches multi-million pound anti-fraud initiative
May 18, 2012 from The Mac
News from @: Leading insurer pays $109M for dog bite claims. And this is why others pay so much for insurance.
May 18, 2012 from Kris James
Why It Is Necessary Your Insurer Pays Out Rapidly - Cash flow security insurance ...
Insurance News - Model Law Would Require Insurers To Tell ...
09/14/10 -- Beginning on September 23, 2010, the Patient Protection and Affordable Care Act -- health reform -- requires new benefit standards to be made available in all new private health insurance policies. 09/14/10 -- Beginning on September 23, 2010, the Patient Protection and Affordable Care Act -- health reform -- requires new benefit standards to be made available in all new private health insurance policies. Frequently Asked Questions: Question: Most of the major health reforms don\'t go into effect until 2014, so what\'s changing this year. Frequently Asked Questions: Question: Most of the major health reforms don\'t go into effect until 2014, so what\'s changing this year. or to convert a policy to a long-term care insurance contract. Senate Bill 172, passed by the 26th Legislature and signed by Governor Parnell, extends the Alaska Health Care Commission and establishes it in state law. Sean Parnell issued the following news release: Governor Sean Parnell today appointed Patrick Branco, Emily Ennis, Col.
By Sue Manning AP Dog bites man does not get a lot of attention in the news, but it costs insurance companies hundreds of millions in claims every year. State Farm Insurance, one of the nation's largest home insurers, paid more than $109 million on
By ATSUKO FUKASE TOKYO—Japan's top three nonlife insurers posted weak results in the fiscal year ended March, hit by increased insurance payouts related to flooding in Thailand that hit Japanese manufacturing operations. Japan's biggest property and
Citizens, Scarr said, has "become the carrier of first resort instead of carrier of last resort" and the largest insurer in Florida. State officials need to encourage more private insurance firms to enter the Florida property insurance market, he said.
ING sent out a dozen information memorandums for its insurance business, which spans southeast Asia and includes operations in Japan and South Korea. A winning bid by a larger insurer could introduce more competition into Asia's rapidly growing life
York is considering capping profits for insurers that provide mandatory coverage for residential mortgage borrowers who lapse on their premium payments, the state's financial regulator said. Costs for such policies, known as force-placed insurance,
#INSURANCE The Peterborough Telegraph reports that Insurer launches multi-million pound anti-fraud initiative 
News from @: Leading insurer pays $109M for dog bite claims. And this is why others pay so much for insurance. 
Why It Is Necessary Your Insurer Pays Out Rapidly - Cash flow security insurance ... 
Citizens, Scarr said, has "become the carrier of first resort instead of carrier of last resort" and the largest insurer in Florida. State officials need to encourage more private insurance firms to enter the Florida property insurance market, he said.
ING sent out a dozen information memorandums for its insurance business, which spans southeast Asia and includes operations in Japan and South Korea. A winning bid by a larger insurer could introduce more competition into Asia's rapidly growing life
York is considering capping profits for insurers that provide mandatory coverage for residential mortgage borrowers who lapse on their premium payments, the state's financial regulator said. Costs for such policies, known as force-placed insurance,