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An insurance policy would be called standardized, when it covers all the salient international features/standards as laid down by the insurance authority of the country.
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∙ 11y ago
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What does it mean to have a standardized policy?
A standard policy is an insurance policy that is offered using a state propagated coverage form based on the states recommended coverage. They are designed to be cookie cutter policies that offer a uniform coverage for insureds and maximum profitability to the issuing insurance company. a standardized policy form generally has little or no room for customized coverage.
What insurance policy number starts with phk?
Policy numbers are not standardized and insurance companies use whatever policy numbers and prefixes or suffixes they want to use or what best fits their computer systems. Some companies use numbers only.
What auto insurance policy starts with MIL?
You cannot tell which company issued a policy based on numbers or letters. Policy numbers are not standardized by any regulation and are determined by companies on their own.
What auto insurance company has this policy number A05-231-042305-70?
Who knows. Policy numbers are not standardized and therefore companies use whatever they want to use.
What does NIL mean on an insurance policy?
Nothing
Does anyone have annual travel insurance and what are its benefits?
Travel insurance policies differ widely and are not standardized so you would need to read the policy to see what benefits are payable and when this would occur.
What is the difference between specialty auto insurance and standard auto insurance?
Many insurance companies purchase a standardized policy form from vendors such as ISO (Insurance Services Office). Some companies vary their policy from the standardized form and make it a little different from the ISO policy form. The companies who use the standard form are referred to as Standard Auto Insurance and those who do not are referred to as Specialty Auto Insurance. In reality all of them are a little different and are made different by endorsements. The Specialty Auto Policies have a little less coverage in certain small areas of coverage. The differences are generally small.
What insurance uses XS as policy number?
Policy numbers are not standardized and companies use whatever they want to use or whatever fits their computer systems. Some companies use numbers only.
What company has auto insurance policy number that starts with a q?
Policy numbers or prefixes are not standardized between companies and therefore they can use whatever fits their computer systems. Many use numbers only.
What does ee mean in an insurance policy?
If it is health insurance quote. It means Each Employee
What does effective policy date mean?
The Policy effective date is the date that your insurance coverage started under that policy.
Where can one find good Medigap plans?
Every Medigap policy must follow federal and state laws designed to protect you, and it must be clearly identified as "Medicare Supplement Insurance." Insurance companies can sell you only a "standardized" policy identified in most states by letters.
