| Twisting |
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| What is Twisting?More... |
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| Crimes of Insurance Agents |
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| Insurance agents are subject to punishment under both general criminal statutes and insurance-related statutes in state insurance codes based on their conduct in relation to insurers and insureds. Criminal penalties may still apply even if the agent is subject to civil sanctions for his actions despite the constitutional prohibition against double jeopardy because courts usually do not consider civil fines to be so excessive as to transform the fine into a criminal penalty.
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| Insurer Liquidation |
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| An insurer may encounter such financial difficulties that render it unable to continue its business. In such a case, the insurer may be liquidated so that the interests of its insureds, its creditors, and the public are protected.More... |
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| Insured Vehicles for Uninsured/Undersinsured Coverage |
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| If an insured is involved in an accident with an uninsured or underinsured motorist, he may seek to recover under his insurance policy providing for uninsured/underinsured motorist (UM/UIM) coverage. In order to do so, he must be a covered person, and the vehicle involved in the accident must be a covered vehicle. Covered persons include named insureds, designated insureds, resident relatives of named insureds (Class I insureds); occupancy insureds (Class II insureds); and derivative insureds entitled to recover damages because of the bodily injury suffered by Class I or II insureds (Class III insureds). This article addresses the aspect of covered vehicles.More... |
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| Aviation Hull Insurance |
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| Aviation hull insurance is a form of property insurance in which the property is an aircraft. Loss of value and loss of use of aircraft specified in the policy normally is covered. Aviation hull insurance may be the subject of a separate policy or it may be included within a policy that also provides the aircraft owner with coverage for liability to third parties arising from an accident involving the aircraft.More... |
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