Insurance Questions and Answers

Veterans i.d?

i am awaiting my vet. card, i would like to know if i am afforded discounts at any p.x stores. i a moment ago recieved my approved health plan


Answers: not sure what you scrounging by "vet" card. i am assuming you mean you retired from the military and are awaiting your ID Card...not sure why you would enjoy to wait for that though as you acquire it immediately on post. if you still enjoy retired benefits then you can still use the p.x. stores and are afforded matching benefit of that as you did as active duty. you can still fetch a military star credit card to use at the store and will pay no taxes on purchases.
What do you miserable by "vet. card"? Are you a military dependent or retiree?

How are insurance companies created?

Where do insurance companies like the underwrite companies (the companies that sell insurance),
take their funding from?
and how are they created?

can someone please guide me.
i would be very grateful for any guidance.


Answers: An insurer must own enough $$ to fund a reserve substantial enough to cover claims. Most states require at smallest $ 1 million to get started, $2Ml would be better (depends on what you're insuring). Show proof of funds and wallet the proper paperwork with a state department of insurance and you're officially recognized to sell policies. Of course, after you'll need to vend some policies, pay claims and accomplish every little duty the state regulators want you to do.

I'm guessing most insurers are started by existing insurance companies looking to expand into different areas or lines of business. Something to do with adjectives the money they have lying around.

Other than that, any investor or company near a few million lying around could get a company started.
You catch a few(or a lot of) ethnic group to invest sums of money for your stater capital. You step to the state insurance commission and apply. Once you've been approved, hire staff, contract agents, retribution claims, etc.

It sounds simple, but this process takes millions of dollars and years to complete.

Can I stop my robustness insurance if I am immediately covered by my parents?

I work for a retail company and have a short time ago recently granted to go pay for to school. I will be covered by my parents starting soon and I be wondering if this would be considered a life event where on earth I could change or drop my current form insurance with my workplace.


Answers: if you enjoy an individual plan, you should be able to drop it near a 15 or 30 day consideration.
if it is through your employer, the only ways are how the female above me stated. if that's the case, freshly see if you can reduce your hours so that you are not qualified for condition coverage. usually it's between 20 and 30 hours min.
There is a lot of adjectives and intresting information here to help answer your quetion.http://health-insurance.expert-tip.info/...

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