 Can you rephrase this in English please....? |
I asked about insurance covering an IUD that costs approximately $400 with an in-network provider.... this is the answer I got:
It would depend on your going to an in-network provider, ... |
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 How will this speeding ticket affect my insurance? |
| I got a speeding ticket today for going 80 in a 75. I'm 20 years old. I got one when i was 17 for going 37 in a 25. If age matters. This raised my insurance a little bit. Will this one raise it ... |
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 If someone vandalizes your car, will their insurance company pay for it? |
| This guy threw something at my car, and i was able to get his license plate number. He was later arrested that night for felony vandalism, he is being charged by the state for the felony vandalism, ... |
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 Insurance? |
| I am carried under my mothers insurance because I am in college currently and unmarried. I am pregnant though, so when I deliver, will the baby be carried under my mothers insurance also? Capital B... |
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 Who pays for the people who get health care without insurance? |
| If hospitals are required by law to treat anybody who walks into an emergency room, who picks up the cost if that person does not have insurance?... |
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 When you call the insurance companies up, do they reduce the premium price? |
I mean the quote you get online, do they reduce from that? or they ask some more questions and look for chances to increase it?
i'm 19, just passed and don't know much about all these. ... |
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 Will life insurance pay benefits if death occurred due to suicide? |
| Certain states have suicide clauses. I live in the state of Florida. I was wondering about restrictions and payouts.... |
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 Life insurance or real estate? |
| i have been weighing out the two. which would be a more successful/more fun career. i'm thinking real estate. life insurance seems to have alot of schemes to it that you can kinda screw yourself ... |
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 If you needed life insurance would you "rent" it or buy it? |
| Term insurance vs permanent insurance, one is cheap but is pure insurance, you do not build cash value, the other is more expensive and builds cash value over time. One is betting you will die, the ... |
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| Pregnant but insurance doesn't kick in until October 1st? |
| I just found out the other day that I am 5 weeks pregnant. So I haven't been to the doctor yet, I've just had a positive pregnancy test. I got a new job which has Blue Cross Blue Shield ... |
|
 Hello everybody........i am sooo soo so upset right now. i have been getting ripped off by my car insurance co |
| they have been charging me double my monthly rate. i have proof of my payments as well as what there billing statements state and contradict, on my monthly bills . who do i complain to? what are my ... |
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 How do you get started selling insurance? |
| Trying to find out what it takes to get a temp. insurance license.... |
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 What would be cheaper on insurance for a 16 year old boy a 1973 opel 4 cylinder coup or a 1995 chevy blazer? |
| well im 16 i get my license in a month and i have 3 cars to pick from but i want to get the cheapest on insurance and gas do i definitaly didnt want the 5.8 liter lincolon so it was between a 1973 ... |
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 Can I sue my auto insurance company? |
| i Switch insurance companies back in Feb. of this year. The new insurance company never filed the paperwork with the DVM. As a result my car was impounded because it said that i wasn't insured. H... |
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 Does anyone know of a health insurance provider that will reimburse past ER visits if it's with-in 6monts? |
| I have had no health insurance for the last 1yr since being downsized by my prior employer. My old beneifits expired and I didn't continue due to the higher cost without the help of my previous ... |
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antsfonz9 | Do insurance companies have insurance? Who insures them? Themselves? |
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bc87
 |
No one else insure the insurances companies., unless the insurance company is small and is backed up by a bigger one. The major insurance companies use a system of "premiums" and "discounts" to sort out the customers that will cost them money, and ones that will earn them money.
They issue policies(plans) over a wide demographic(people), then they just average out the numbers They would use dynamic pricing (prices that adjusts) on custumers. They just make sure they make more money than the average cost it takes to take care of all the custumers.
I only went over ONLY insurance companies(Commercial), NOT goverment insurance like FDIC |
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Latigo
|
They insure through "Re-insurers." Lloyds of London would be an example of a Re-insurer. |
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msb
|
The companies that insure the insurers are called reinsurers. Who insures them? Investors. |
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papamoto22
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there are two groups that could insure them.. the govt insures them to a point. when katrina hit, the govt gave some money to the insurance companies that had to pay out large sums in order to keep them from considering bankruptcy which would have messed things up even further
and there are also large banks, many in germany and switzerland, that insure companies from just about anything they want insurance on. so i imagine many of the insurance companies are insured themselves |
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mbrcatz
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Yes, they have insurance on themselves. They also have "reinsurance" on the larger portions of their books of business. |
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clovisdied
 |
depends on the type of insurance company..but yes, they can write a policy for themselves and rate it the same as they would any other company. |
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Missy
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As a matter of fact, they do, I can't remember the exact name, but I believe it is the allied insurance company or something like that. My husband was in an accident a while back, and the other parties insurance company didn't file a claim against ours until about 2 years later.... and by then, our little hole in the wall company had gone out of business. I thought we were screwed, turns out, the insurance companies have to keep their records and a certain amount of claim money on file with this other insurance company in case these things happen. Saved me 18,000 dollars, thank goodness. |
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open4one
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Often they do. It's called "reinsurance". They learned it from Las Vegas bookmakers, where it's called "laying off bets". |
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cher
 |
yes, some are self insured and some get re-insured from another company. but the gov.has regulations to try and make sure they are liquid enough in case of a catastrophic event that they are covered. if not, then the other insurance companies must pick up the tab based on a percentage that the gov. sets for all of the other insurance companies.
or pretty close to that? |
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