Insurance Questions and Answers

Can you hold a P&C license within two states at one and the same time?

I AM AN INSURANCE AGENT AND WANT TO KNOW IF I CAN HAVE TO LICENSES AT THE SAME TIME?

Answers:
Yes. One would be a resident license - for the state you live in, and the other would be a non-resident license. You can singular have one resident license, but you can enjoy up to 49 non-resident licenses.

Other Answers:
Yes, if you're within an area where on earth it makes sense, such as the border of two states.

yes, its called a non-resident license




What commissions do the agents of Life Insurance Corporation of India (L.I.C of India) obtain ?



Answers:
10-15% for first year
5-7% for remaining year

Other Answers:
To the best of my knowledge, There is a fixed stock, but quite normally its negotiable depending upon your profile, Past manners & Seniority.

the rate depends on the 'term' of the policy sold, plan & the yr of premium.

longer vocabulary generally attract more commission than shorter lingo (say 25 yr pol commission > 5 yr pol)

some plans attract commission at higher rate than others

first yr prem comm. > 2nd / 3rd yr prem comm. > subsequent yr prem comm.

first yr prem might also attract some bonus commision.

exact rate will form a big tabular display considering the wide sort of products available with corporation & diverse slabs of their terms.

the rough idea is to grant an agent some incentive to procure new business as economically as to continue his services to his sooner policyholders.




What question should be asked for a survey for a natural life insurance company agent or policy ?

I m doing my summer project from Kotak Mahindra. Please guide me how to lead beside the project...

Answers:
Questions to ask the Life insurance Company or Agent:
1) What is your company ratings in the insurance industry?

2) What is my monthly premium for (Your income times 10) if I'm (your age) feeble and (do not smoke/smoke)?

3) What kind of time insurance do you offer? Which one do you come up with is better for me? Which one do you own?

Questions to ask a prospective life insurance buyer:
1) What is your age?
2) What is your counterbalance and height?
3) Do you smoke?
4) What is your current occupation?
5) Have you be in the hospital contained by past 12 months?
6) How repeatedly do you drink alcoholic beverage?
7) Is there any condition or disease in your nearest and dearest history?
8) Are you taking any prescription drugs?
9) If you qualify for life insurance, who do you want to be your beneficiary?

Other Answers:
age,work(you establish risky or not),any disease/complication
Hey as per my openion this project is very tuff becoz ethnic group not beleving PVt companies as well as no body intrested within indsurence, much more comptetion in this flash . it ll be better for u just head off this project, dont waste your time.every ancestral every man has own agent/policy



Any recomendations where on earth I can buy insurance for a saloon rental company that I'm starting?



Answers:
Go online and sign up for Auto rental news(free through bobbit publishing). There are TONS of insurance companies in in attendance who specialize in rental fleets. Also check next to ACTIF as they should be able to direct you to someone as okay.

Other Answers:
Contact your local independent agent. They are the only ones who will be capable of find you competative prices as they have access to lots of market.

If you are in CA, I can give support to you.
Source(s):
Licensed Insurance Agent


contistability?



Answers:
costistawhoyoucallinga... I'll kick your *** for that!

Other Answers:
I don't conjecture there's such a word. Would you like to flamboyant?
it could be consist ability substance remain steady? It is interesting to note here is difference between consitancy and rigidity though both sound similar.
Contistability vehicle: Insurance companies can dispute a claim based on wrong information given within the application for normally up to 2 years of policy date.


where on earth is the banker's form and duration insurance company of macon, georgia presently ?

This insurance company was established contained by 1904 with the home department residing in Macon, Georgia.

Answers:
If you're discussion about Bankers Life & Casualty their prime headquarters is in Illinois.

Other Answers:
It have gone to hospital for its treatment for not dying prematurely.


I requirement to purchase Notary E&O insurance. How do I determine the amount of insurance I have need of to purchase?



Answers:
The minimum amount you will need is the amount that will protect your assets. If you run a multi million dollar corporation, but with the sole purpose have a $500000 policy, next you are not sufficiently covered. Once that $500000 runs out, then you are out for the rest of your company to be liquidated.

Take into article if you are incorporated or as an individual running your business. Do you own a home, car, other properties? You will want adequate coverage so that if you are sued, they don't take these away from you as powerfully.

You will need to speak to a licensed independent agent contained by your area to determine what is sufficient for your wants.


looking for a conservatory contained by houston texas to carry licenced within insurance?



Answers:
Our company deals beside Kaplan Financial they charge us $150 only. Contact me if you would approaching to be affiliated with an insurance co. We hold lots of offices surrounded by Houston

Other Answers:
Try www.abrc.com. I just get finsihed taking one of their courses here in Illinois. It be really helpful. They seize you fully prepared to take the license try-out. Hope this helps.


can i justifiably be covered by two medical insurance policies?



Answers:
Yes you can, that's why doctors offices usually ask if you hold any other insurance.

Other Answers:
yes ... just for an example, u can hold an insurance policy through ur place of employment and ur spouce can also cover u on his/her insurance policy ...what ur primary insurance wont cover ur secondary will pick up
yes you can be covered by as plentiful as you want to, but they wont give you double coverage, but the coverage will overlap, intent what one doesn't cover the other will.
Hi, you can legally be covered by two medical insurance policies - as long as they know in the region of each other. You will obligation to choose one as being primary and after the other will be secondary and they will arrange the split. NO, you won't form money if you get sick - they will repay a percentage each and next you will pay your percentage and it will probably be a big headache and be at odds over which pay what and how much.
Yes, one would be the primary, and one would be the lesser, they would pick up whatever the primary doesn't wages.
yes, although most policies now enjoy a "coordination of benefits" clause, so that if you do have double coverage, one pays individual what the other one doesn't, so you don't get compensated extra (like 80% coverage from both would not be 160% with you getting the 60% extra). they may or may not, together, cover 100% of costs...it adjectives depends on the policy terms
Yes, as long as you are enrol in both. The primary policy will rate their portion then the second company will discharge the remainder.
Yes, but you'll have to claim one as primary and one as lesser.

If you are married, and you have coverage through your work and also coverage through your spouse's work, later you would claim YOUR coverage as your primary and your spouses coverage as your secondary. Likewise, for your spouse, HIS coverage would be his primary and coverage from you would be his minor.

The benefit to having primary and inferior coverage is that you can often drop your out-of-pocket expenses to ZERO. Many times, you can win reimbursed for any co-pays or deductibles from your primary through your secondary.
yes


Insurance related give somebody the third degree surrounded by regard to PAP policy covering motor home rental for leave?

I would like to rent a motor home to stir on vacation. Will my PAP (personal auto policy) cover the operation of the motor home within regards to liability, medical payments coverage, physical injury coverage & UM (Uninsured motorist coverage)I would also like to steal some business partners next to me and was wondering would this be considered business use or personal use? If within is a distinction between the 2 what would it be?

Answers:
No, your PAP won't cover you. Check the definitions passage of your policy under "Insured auto" it probably say it will cover any auto furnished for your "regular use" but will not cover anything bigger than an SUV. A motor home is not classed as an "auto". You should be able to purchase the insurance from the place you are renting the motor home from.
You are going on break so it would be considered personal use regardless of who goes next to you. Business use is when the motor home home is used in a instrument that would generate income for your business- taking supplies to a job site, deliver goods, selling stuff from the vehicle, used for advertising your busines- within are many other examples but you procure the idea.
Call your Insurance Agent to be sure though.


If volatility or interest rate are not constant surrounded by the souk what values to put within the Black- Scholes model?



Answers:
Oy that is a great sound out. I take it you taking a risk managment or a derivative course! ;) Basically you would hold to put in functions (functions of interest and volatility variations) for both and after evaluate it accordingly. It is nearly impossible to do by foot but computer can provide you with some correct insight :). That's when 3D probability that engineers love so much kicks within.

Rival


Does anybody know of a virtuous course that will backing me to surpass a california insurance license check? urgent...?



Answers:
Sure - go to the network site of the California Bureau of Insurance, get their 800 # and hail as them for suggestons.


what is mark of available job - men hu cleans skyscraper's glases?



Answers:
window washer

Other Answers:
windowpane cleaner


i hold a mover who desires workers comp?

8892(2) is probably one of the hardest class codes i hvae come across and i need serve with it i dont want to use statefund can anyone within california help

Answers:
are you the employer? Have you salaried the premiums? I don't understand the situation.


What are the different forms of insurance ?



Answers:
1.Life and health insurance
2.General Insurance which includes
sea,homeowners,fire,auto,pr... and liability insurances

Other Answers:
Life, Property and Health.

Life = A chosen person get paid if you die.

Property = If your house burns down

Health = If you seize sick


Simple :)
mnb
Auto and Health
Liability, property, Life, disability, health. I'm not an expert, so that's adjectives I can think of at the moment.
Life, home-owners, renters, auto, credit card insurance, insurance on a loan, dismissal insurance, health insurance, prescription-drug insurance, and more.
There are a huge number of different types of insurance out in attendance. Insurance can be purchased to protect virtually anything of value - your home, vehicle, life, reputation, form, ability to work - the detail goes on and on.

If at hand is something specific you are wanting to protect, I can help beside that.
Source(s):
I'm a former life & form agent


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