Insurance Law : Law & Legal & Attorney

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Unfair Claims Settlement Regulations

Unfair Claims Settlement Regulations

An insurance company is required to act fairly when handling claims. The Unfair Claims Settlement Practices Act regulates the industry. Regulation is important to guarantee acceptable business practices in the insurance industry. The National Association of Insurance Companies (NAIC).........[Read More]
How Does Commercial Renters Insurance Work?

How Does Commercial Renters Insurance Work?

What It CoversA standard commercial renter insurance policy is more commonly referred to as small business property insurance. It protects the equipment, machinery, inventory, and furnishings in a business space rented or leased from someone else. Because businesses face many of the same.........[Read More]
Laws on Liability Insurance

Laws on Liability Insurance

Liability insurance coverage is required by all 50 states. All states require a minimum amount of liability coverage for automobile policies issued to residents by a property and casualty insurer. State laws also require employers with a certain number of employees to purchase an employers' liabilit......[Read More]
How to Purchase Life Insurance on Child's Father

How to Purchase Life Insurance on Child's Father

Wedded parents typically take out life insurance in the event that one parent dies. The objective is to ensure that funds are available to support the family, particularly the children, should the death of a parent cause a decrease in income. If you are a mother, divorced from the father of your chi......[Read More]
The Consequences of an Uninsured Driver

The Consequences of an Uninsured Driver

The consequences of being caught driving without insurance can be steep depending upon each situation. Most states have penalty fees for uninsured drivers. A driver caught without insurance may have his or her license and registration suspended. Additionally, the vehicle may be impounded. Uninsured ......[Read More]
What Are the Differences Between Property and Casualty Insurance and Auto Insurance?

What Are the Differences Between Property and Casualty Insurance and Auto Insurance?

Just about everyone purchases insurance at some point. Whether it be automobile insurance that protects against loss arising from an automobile accident, or insurance purchased to protect your home or business, insurance products help lessen the risk of undue loss incurred by a business or individua......[Read More]
Homeowner's Rights & Insurance

Homeowner's Rights & Insurance

Homeowners have rights to file certain claims under their homeowner's policy. The insurance policy represents a contract, which outlines the applicable coverage when a covered loss occurs. In addition, liability coverage provides protection when someone else files a claim against the homeowner for......[Read More]
What Is a Proof of Loss Statement?

What Is a Proof of Loss Statement?

A proof of loss statement is a document used with insurance companies. It is a formal document an insured party prepares and forwards to their insurance company when a type of loss occurs.......[Read More]
Statute of Limitations on an Auto Accident

Statute of Limitations on an Auto Accident

When involved in an auto accident, each state allows a set amount of time to file a claim against the other person. The statue of limitations is designed to protect parties from stale, dated claims.......[Read More]
How to Convert a Home Into a Vacation Rental Property

How to Convert a Home Into a Vacation Rental Property

Making the decision to convert your home into a vacation rental property requires a comprehensive plan. There are some specific steps that you need to take to ensure that you appropriately prepare to turn your home into a profitable investment property as a vacation rental.......[Read More]
How to File an Insurance Claim for Water Damage

How to File an Insurance Claim for Water Damage

One of the many problems homeowners have to prepare for is water damage from broken pipes, appliances, and floods or other disasters. In many areas flood insurance is mandatory. If you need to file a claim with your insurance carrier for water damage, there are several steps that you are required t......[Read More]
Life Settlement Licensing Requirements

Life Settlement Licensing Requirements

Life settlement policies provide a financial cushion for people suffering from terminal illness.life's a gamble image by Pix by Marti from Fotolia.comLife settlement plans provide a financial buffer for people suffering from terminal illness by insuring costly medical expenses. Since its.........[Read More]
Liability Insurance Act

Liability Insurance Act

While Indian law has long protected employees and workers who handle hazardous substances for a living from injury with the award of financial relief, no such law existed to protect members of the public from accidents involving contact with hazardous substances. To address this need, the Indian Par......[Read More]