 Car accident with no assets? |
| Just wondering. What would happen if someone got in a serious accident and the person got hurt and sued for a million dollars. But the person being sued had minimum coverage and no assets what so ... |
|
 How can insurance companies find out if you have a pre-existing condition?? |
| I have heard people mention the MIB as a source, but where do they get their info? I thought medical records were strictly private, how do they find out your past medical info? Ty!... |
|
 I want to close my LIC policy. My policy is for 12 years. i have completed 4year? |
Going to received some money after 4 years. What will happen
to my remaning money. Will they give me full money or deduct the money ... |
|
 Home loan v/s term insurance? |
| I have just taken a home loan. One of my friend adviced me to take home loan insurance. Another is advicing to take term insurance so that it will also will for the duration of home loan. Is there ... |
|
 Health Insurance costs for one person-Texas? |
I'm thinking of getting a job that pays a little more but they don't offer benefits. I've never paid for it myself, how much can I expect to pay for decent insurance?
Additional D... |
|
 What is a cheap health insurance option for entrepreneurs? |
| Also going to Africa soon, what type of shots do you need, and how much are they if you dont have health insurance?... |
|
 Life insurance question...when can I expect a check? |
| My mom passed away a few weeks ago. Blessedly, she had life insurance. She left me some in her will. I sent in her death certificate today along with all of the paperwork that the insurance company ... |
|
 I Need some Help NO Insurance and Heart Problems? |
| I have gone to the doctor and there could be something wrong with my heart. The problem is I have changed jobs and wont get insurance until six months from now. My current insurance with my ... |
|
 What is the name of the health insurance that supplements Medicaid coverage? |
| I saw a commercial for it, but I can't remember the name of it. I believe it is for expanding coverage to what Medicaid does not cover.... |
|
 Will i be sucessfully in my new insurance job and in my current realationship? |
| im a taurus ,really can't seem to get organized but is will to change to be successfull in ... |
|
 I am buying my first home. Should I buy mortgage insurance? Which one can take care of the property damage? |
| I am going to buy my first house and since i have 20% down, I don't have to buy the private mortgage insurance. Since i am sure I will pay off my house within 5 years, my friend does not ... |
|
 Can anyone give me advice on travel medical insurance to USA? |
| I have just been diagnosed with a congenital heart disease and about to have surgery in UK, but have a holiday booked to Los Angeles is September. It;s the only thing to look forward to but I'm ... |
|
 Can any one tell me? |
| Hello everyone can anyone tellme if i can still do my taxes, even though i was on disability for six months, actually maternity leave? Thanks to all.... |
|
 Which car insurer will insure 5 people from my family on 1 policy? |
| ive seen an advert on tv that says they have a new policy which lets tou insure 5 family members each with there own car on one insurance ... |
|
|  |
Carolina Member | Can Blue Cross Blue Shield of North Carolina cancel insurance retroactively? |
|
 |
 
mkulda
|
Not if you paid the premiums.
If you are paid up, then you are paid up.
Unless and this is a big if......
If you submitted a fraudulent application and didn't disclose a material fact that would place you in a more risky category, then they can claim you filed a false application and can indeed cancel retroactively.
And, if they paid any claims under that policy they can demand that you repay them.
The biggest example of this happening is when somebody deliberately lies that they don't have a pre-existing condition and the insurer (BCBS) issues a policy and then after that catches a pre-existing condition on a policyholder's MIB (Medical Information Bureau) report. They'll void the policy and since a valid contact never originally existed, they'll take action to collect all paid claims up to that point.
It's a good reason why everyone should know exactly what's in their MIB report and take action to correct errors. |
|
manda0817
|
Yes, an insurance company may cancel the policy retroactive to the effective date.
This is mostly done when the submitted application was fraudlent, regardless of the intent. If you happen to leave off major health information and then start filling large claims you are defintely risking being cancelled.
If the policy is canceled they will usually refund any paid premiums and retract any claims paid. You will be held liable for all claims.
You may be able to appeal their decision, contact the customer support line or your agent.
It is always better to disclose too much on an application!!! You never know what may haunt you later. |
|
beez
|
Insurance companies can do just about whatever they want, and you have to challenge them in court. If you did not lie on the application or cause the cancellation, report this to the Bureau of Insurance licensing in your state. |
|
jamesfrye
 |
North Carolina is a tough state to retroactively cancel a policy as their DOI commisioner is popularly elected and has turned his post into a huge grandstand for constant reelection.
I've got to believe that BCBS has done their homework and crossed their Ts and dotted their Is on this.
There is likely tangible evidence of MATERIAL MISREPRESENTATION on the policy application that would have greatly effected the rates charged by BCBS or the insurability of the insured. Either would have to exist for a policy to cancelled not just flat but retroactively.
If this is the case, then BCBS would have to refund the collected premium paid on this former insured.
One can likely file a complain with Jim Long's office at the DOI in Raleigh but I have a feeling their is likly good evidence for this to happen.
Then the only recourse would have to be through attorney and courts. Coverage would then be granted while case is being heard but the insured would have to likely refund the monies BCBS paid to medical providers during this period. |
|
mbrcatz
|
Only if it's because you replaced coverage with another policy, they haven't had any claims submitted during the time period in question, and it's less than six months. |
|
helpme1
|
Those big insurance companies work a lot like congress. They get away with anything they want! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
6 | 19 minutes(s) ago
| | | |
6 | 26 minutes(s) ago
| | | |
6 | 2 hour(s) ago
| | | |
6 | 5 hour(s) ago
| | | |
6 | 9 hour(s) ago
| | | |
6 | 1 day(s) ago
| | | |
6 | 2 day(s) ago
| | | |
6 | 6 day(s) ago
| | | |
6 | 2 week(s) ago
| | | |
6 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
