From the category archives:

Insurance Definition

Question by kent j: How does forced “pre-existing condition” insurance work?
I would like someone to explain how it works to force insurance companies to always have to accept people with pre-existing conditions. Can one liberal who understands this please exlpain it to this stupid conservative? And please explain it in the more severe cases as an example, someone who just had a car wreck being able to buy car insurance.
I sincerely want to understand this and hear an explanation from a rational supporter of this idea.
Remember to explain what actuarial tables are and what the definition of insurance is.
Thanks.

Best answer:

Answer by KALIMAL !!!! KALIMAL !!!!!!
They cant, its the same as forcing car companies to insure idiot drivers that wreck all the time

What do you think? Answer below!

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Outdated disease definition in insurance policy?

December 27, 2011

Question by : Outdated disease definition in insurance policy? According to a certain insurance policy, “heart attack” is defined as such that is quite obsolete in current modern medicine. Now, a person is insured for a critical disease, heart attack. His medical reports state heart attack as the causal factor. The descriptions agree to current [...]

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indemnification insurance definition?

December 15, 2011

Question by riskagent: indemnification insurance definition? Best answer: Answer by adjuster0326You are returned to “pre-loss” condition. No more, no less. You are responsible for any and all deductibles associated with the loss. What do you think? Answer below!

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I cannot find what is the definition for ‘better’ auto insurance coverage level. Can someone help me with this?

November 3, 2011

Question by JON2: I cannot find what is the definition for ‘better’ auto insurance coverage level. Can someone help me with this? I need to know what is the meaning of one of the types of car insurance coverage which is “better” Best answer: Answer by mbrcatzYes, a local – to you – agent, can [...]

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definition of insurance?

October 27, 2011

Question by sandeep r: definition of insurance? I want to know of the definition of insurance Best answer: Answer by SirWilliam…I know where you are going with this… and it’s a nightmare. Life Insurance is actually “death” insurance… think about it… It’s doesn’t pay till you’re DEAD… tell that to your Met “Life” agent… The [...]

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