If i have a health issue and i dont want my mom to know can i have the insurance send me the bill for payment?
Answers: Nope. If its her insurance, she'll get the paperwork. You alternative is to pay cash for the services.
FillingTaxes...what does the Mortgage insurance premiums refer to? The amount of insurance that I paid?
Answers: PMI - private mortgage insurance. If you have less than 20% equity in your house, in addition to the mortgage payment, you're paying the bank PMI. They should break it out on their tax statement they send you.
Yes, the "premiums" are the amount you paid for insurance.
How do you open an insurance company?
Answers: Soooooo..are you talking about a COMPANY or an AGENCY?
There's a WORLD of difference!!
I own an AGENCY but wouldn't even consider owning and insurance COMPANY!
Good luck and I hope this helps!
You visit your state's department of insurance and find out what the minimum amount of capital required is. You raise that capital. You hire actuaries to calculate the rates, and lawyers to file the rates for approval. You hire underwriters, claimspeople, accountants, computer people, marketing people, administrative people, and so on. You appoint insurance agents. you get approval of the insurance department, and you get rated by the rating agencies.