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How to Obtain an Ohio Insurance License

How to Obtain an Ohio Insurance License
The Ohio Department of Insurance requires its insurance professionals to hold an insurance license before engaging in insurance transactions. Ohio offers several types of insurance licenses which include but are not limited to Property, Casualty, Personal, Life, Title and more. Visit the Ohio Department of insurance website for a complete listing of the available insurance licenses.Insurance Pre-Licensing Education RequirementsAll insurance licensing

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Basic Parts of an Insurance Contract

Basic Parts of an Insurance Contract
Miscellaneous provisions and conditions of an insurance contract Insuring AgreementThe insuring agreement is the heart of an insurance contract. The insuring agreement summarizes the major promises of the insurer. The insurer, in other words, agrees to do certain things, such as paying losses from covered perils, providing certain services (such as loss-prevention services), or agreeing to defend the insured in a liability lawsuit.There are two basic

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Compare Affordable Travel Insurance Coverage With Important Terms

Compare Affordable Travel Insurance Coverage With Important Terms
In today's economy, affordable travel insurance can save both your wallet and your sanity. Before you buy, consider these insurance terms and value tips. Travel insurance is one of the most affordable types of insurance available. In fact, a quality travel insurance broker can compare plans from the global insurance community to find the most affordable coverage as long as you know what to ask for. You can be "in the know" with these tips.Insurance

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Tips for Buying Final Expense Insurance

Tips for Buying Final Expense Insurance
Buying a burial insurance policy has become a necessity for everyone as funeral expenses have risen dramatically over the years. With so many insurance choices available on the market today it can be most difficult to know which would be the best suited to an individual's needs, but final expense insurance really is a priority.Why Should You Buy a Funeral Insurance Policy?Final expense insurance gives you the peace of mind of planning ahead and not

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ECJ Orders Change in UK Gender Insurance Rules From December 2019

ECJ Orders Change in UK Gender Insurance Rules From December 2012
A ruling by the European Court of Justice will change the way that some UK insurance rates are calculated. Insurers may no longer use gender based pricing. The European Court of Justice (ECJ) announced on the 1st March 2019 that a ruling to ban the use of gender in insurance pricing in the UK would be applied from the 21st December 2012. This could change the costs of certain types of insurance policies and the returns given by others. What will

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Coinsurance – Contractual Provision

Coinsurance – Contractual Provision
Coinsurance is a contractual provision that often appears in property insurance contracts. This is especially true of commercial property insurance contract A coinsurance clause in a property insurance contract encourages the insured to insure the property to a stated percentage of its insurable value. If the coinsurance requirement is not met at the time of loss, the insured must share in the loss as a co-insurer.The insurable value of the property

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How to Become a Licensed Insurance Producer in Alaska

How to Become a Licensed Insurance Producer in Alaska
Insurance producers in Alaska must sit for and pass the state exam before they can buy or sell insurance on behalf of an insurance company. In the state of Alaska, the Alaska Division of Insurance is a governing authority that determines the rules and regulations for licensing insurance agents. As such, they offer following types of insurance licenses:All LinesProperty/CasualtyLifeSuretyIndependent AdjusterSurplus linesViatical Settlement BrokerViatical

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How to Become a Licensed Insurance Agent in Nevada

How to Become a Licensed Insurance Agent in Nevada
The Nevada Commissioner of Insurance requires all of its agents to become licensed before engaging in insurance transactions for a commission. There are several types of insurance licenses (lines of authority) offered by the Nevada Division of Insurance. Nevada offers Life, Health, Life & Health, Property, Casualty, Property & Casualty and an All Lines of Insurance license. After selecting your line of authority, you must take the appropriate

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Exclusions of Insurance Contracts

Exclusions of Insurance Contracts
Exclusions are another basic part of any insurance contract. There are three major types of exclusions:excluded perils and excluded losses. The contract may exclude certain perils, or causes of loss. In a homeowner’s policy, the perils of flood, earth movement, and nuclear radiation or radioactive contamination are specifically excluded. In the physical damage section of the personal auto policy, loss to a covered auto is specifically excluded

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How to Get Help with Your Annuity

How to Get Help with Your Annuity
Need Help with an Annuity or Lost Your Agent? Follow these simple steps to make sure your new annuity agent is competent and can meet your needs. Getting help with your annuity should be as simple as jumping in your car and driving down your agent’s office. What if the office is no longer there or your agent doesn't work there anymore? What to do then?It can also be challenging because annuities are long-term investments. If may have been 10

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