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Understanding Insurance Premiums by Louise Ysabel Saclolo is a document available to read on EtoBox.
What is Understanding Insurance Premiums about?
1) An insured is entitled to a return of premiums only under specific circumstances outlined in law, such as if the insured interest was not exposed to any insured risks, or if the contract is voidable and annulled. 2) An acknowledgment of premium payment in a policy is conclusive evidence of its payment, making the policy binding regardless of stipulations requiring payment. 3) Insurers may contract for and accept additional payments beyond regular premiums to pay future premiums or increase policy bene
- Author
- Louise Ysabel Saclolo
- Language
- EN