Insurance Law : Law & Legal & Attorney

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Penalties in Arizona for Defrauding an Insurance Company

Penalties in Arizona for Defrauding an Insurance Company

Arizona law regarding insurance fraud requires all insurance companies to provide a warning on application forms. The most common types of insurance fraud are staged auto accidents, arson, medical provider fraud in billing, and slip and fall fraud. Any insurer who suspects fraud is.........[Read More]
Profit Sharing Laws in North Carolina

Profit Sharing Laws in North Carolina

A profit-sharing plan is a system of financial incentives used by private companies to reward their employees. For small businesses, this often manifests as bonuses, but for larger public companies, these rewards come in the form of stock shares. The United States manages these plans on a federal an......[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]
Oklahoma Laws & Regulations on Unemployment Insurance Policies

Oklahoma Laws & Regulations on Unemployment Insurance Policies

Learn the Oklahoma laws and regulations for unemployment insurance.Empty Office Cubical image by TekinT from Fotolia.comAs of April 2010, the Department of Labor reported that the state of Oklahoma had the third best unemployment rate, at 6.6 percent, in the nation. While the state has.........[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]
Federal Employers Liability Act

Federal Employers Liability Act

Railroad employees that work with companies who perform interstate commerce have a federal remedy that in lieu of traditional worker's compensation. The Federal Employers Liability Act has protected railroad workers from employer negligence. Under this law the employee does not even need to prove 10......[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]