Definition and How It Works with Insurance plans

Definition and How It Works with Insurance plans

What Is Reinstatement? Reinstatement is the restoration of a person or thing to a former position. Regarding insurance, reinstatement allows a previously terminated policy to resume effective coverage. In the case of nonpayment, the insurer may require evidence of eligibility, such as an updated medical examination for life insurance, and full payment of outstanding premiums.

Reinstatement Clause in Insurance plans: That implies and Examples

Reinstatement Clause in Insurance plans: That implies and Examples

What Is a Reinstatement Clause? A reinstatement clause is an insurance policy clause that states when coverage terms are reset after the insured individual or business files a claim due to previous loss or damage. Reinstatement clauses don’t usually reset a policy’s terms, but they do allow the policy to restart coverage for future claims. Key

Reinsurance Assisted Placement Definition

Reinsurance Assisted Placement Definition

What Is a Reinsurance Assisted Placement? A reinsurance assisted placement is a new reinsurance contract initiated by a reinsurance company. Reinsurance is insurance for insurers (also called stop-loss insurance). A reinsurance company is one that provides financial protection to insurers. Reinsurers handle risks—namely, a major claims event—that are too large for insurance companies to handle on their own. While

What Is Regulation A? Definition, Change, Documenation, and Tiers

What Is Regulation A? Definition, Change, Documenation, and Tiers

What Is Regulation A? Under U.S. securities laws, an offering or sale of a security must be registered with the Securities and Exchange Commission (SEC) or meet an exemption.  Regulation A is an exemption from registration requirements—instituted by the Securities Act of 1933—that applies to public offerings of securities. Companies utilizing the exemption are given

Law AA Definition

Law AA Definition

What Is Regulation AA? Regulation AA (Unfair or Deceptive Acts or Practices) was a regulation created by the Federal Reserve designed to address practices by banks that were perceived as unfair by consumers. Regulation AA established the procedures used to process complaints registered by bank customers. This regulation applied to state member banks only. It

Regulation B (Reg B) inside the Identical Credit score rating Choice Act (ECOA)

Regulation B (Reg B) inside the Identical Credit score rating Choice Act (ECOA)

What Is Regulation B (Reg B)? Regulation B is intended to prevent applicants from discrimination in any aspect of a credit transaction. It outlines the rules that lenders must adhere to when obtaining and processing credit information. Regulation B protects consumers and prohibits lenders from discriminating based on age, gender, ethnicity, nationality, or marital status.