Learn about the Federal Deposit Insurance Corporation (FDIC), a federal agency that insures bank deposits up to $250,000 and ensures the stability of the financial system.
Learn about what a premium receipt is in general insurance, its purpose, and why it is important for policyholders. Get detailed insights and key information.
Learn about Collision Damage Waiver in vehicle insurance, a special policy for rented vehicles. Understand how it protects renters by waiving rental company's rights to claim damages.
Discover what an Extended Reporting Period (ERP) is in liability insurance, and learn how it allows you to make claims even after your "claims made" coverage has expired.
Explore the significance of the incontestable clause in health and life insurance policies. Learn how this stipulation limits the insurer's time to dispute policy information, protecting policyholders from denied claims due to preexisting conditions or health misrepresentations.
Learn about the Unfair Trade Practices law in insurance, which exists at the state level to prevent unfair or deceptive practices by insurance companies.
Learn about the Valued Policy Law, which requires insurers to pay the face value of a policy upon total loss of a building. Understand its purpose and how it impacts insurance policies.
Learn about the time limit on certain defenses in health insurance, a mandatory provision that limits the insurer's ability to deny claims based on pre-existing conditions. Understand its legal implications and coverage details.
Explore the concept of legislated coverages in general insurance, covering essential protections like Flood Insurance and Medicare. Understand how laws influence these mandatory insurance policies.
Learn about uninsured motorist’s coverage in vehicle insurance policies, designed to protect you from damages caused by drivers without insurance, including hit and run incidents.
Learn about Unfair Claim Settlement Practices Law, which comprises multiple state-level laws designed to protect individuals during the insurance claims resolution process.
