What is a pro-rata cancellation?

Cancellation - Termination of an insurance policy by the company or insured before the renewal date. Carrier - A company that provides insurance coverage. Cash ... A deductible is the amount of money that the insured person must pay before their insurance policy starts paying for covered expenses. Money insurance protects your business money (which will include not only cash and cheques, but also items such as lottery tickets, gift cards, postal orders ... Insurance Terminology. Actual Cash Value: An amount equivalent to the fair market value of the stolen or damaged property immediately preceding the loss. For ... Do Not Pay Cash. When you purchase an annuity, make your check or money order payable to the insurance company, not the agent. Be sure to get a receipt ... Feb 14, 2025 ... Insurance companies can strengthen their AML controls and prevent criminals utilizing their organizations to launder illicit funds. Saving money on health insurance. Mar 15, 2019 ... Let's look at some examples of potentially suspicious activities insurance professionals may encounter that could be an indication of money laundering. Travel insurance isn't just about getting your money back if there's a problem with accommodation or travel. It's also there to make sure you can afford medical ... Illinois consumers can use a new tool from the Illinois Department of Insurance (DOI) to find insurance money they may be owed using the DOI's Life Policy ...