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Most states that I am aware of do not have a 'formula' to compensate accident victims, I belive that workers comp. etc, might, but all claims/injuries stand alone, and are investigated, evaluated on their own merit. You will be compensated the amount that is due to put you back in the place/condition you were prior to the accident, (subject of course, to exclusions/policy limits etc).
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What basic formula is used to determine the total settlement amount that an insurance company will typically pay for an auto accident claim and bodily injury in Texas?
i=.5r/t, where r = rate, i = insurance, and t = time
What formula is used to determine if a vehicle is a total loss?
Insurance companies will determine that your car is totaled if the cost of the damage approaches or exceeds the car
What is Prudential Financial Demute Dov Cash NY?
Hi, In the insurance industry, companies are categorized as stock company or mutual company. When company want to become a public company (stock comapny), meaning having their shares of stocks listed to the public, they would have to demutualize. Since, mutual company, the owners of policies are technically consider owner of the company, when an insurance company wants to demutualize, they would have to compensate their clients with shares of stock. The number of stocks is determined with certain formula base on type of policy, premiums pay and age of policy. When it indicates Prudential Financial Demute Dov Cash NY, it has a high chance of being relation to the amount of stock or cash giving to compensate for the policyholders lost of ownership when Prudential demutualized. Truly, Jian Hi, In the insurance industry, companies are categorized as stock company or mutual company. When company want to become a public company (stock comapny), meaning having their shares of stocks listed to the public, they would have to demutualize. Since, mutual company, the owners of policies are technically consider owner of the company, when an insurance company wants to demutualize, they would have to compensate their clients with shares of stock. The number of stocks is determined with certain formula base on type of policy, premiums pay and age of policy. When it indicates Prudential Financial Demute Dov Cash NY, it has a high chance of being relation to the amount of stock or cash giving to compensate for the policyholders lost of ownership when Prudential demutualized. Truly, Jian
What the formula of loss ratio?
The formula for loss ratio is (Total losses incurred / Total premiums earned) x 100. It is used by insurance companies to calculate the percentage of premiums that are paid out as claims for losses. A lower loss ratio indicates a more profitable insurance company.
What is the frequency rate formula for accident?
Number of accidents divided by time.
Formula for calculating death claim in life insurance?
how can you claimed formula and calculation in your life
What is the standard Accident Prevention Formula?
Recognize the hazard.Understand the defense.Act correctly in time.
What is the formula for calculating phone numbers?
Phone companies assign phone numbers arbitrarily; there is no formula.
What is the Premium calculation formula for insurance Read more?
30%
What is the formula for calculating annual insurance premiums?
P=2rb
What is the formula the insurance companies use when figuring out a personal injury settlement?
There is no universal formula and each company keeps their method confidential. Generally speaking, settlement offers are based on lost income, (including future lost income), expected future medical expenses, if disabled - the cost of care for the disability, medical expenses incurred and "pain & suffering". Insurance companies will make a higher settlement with you if you ate represented by a good attorney, a lower settlement offer if you got an attorney who advertises on TV, etc and a much lower offer if you don't have an attorney.
Diminished value worksheet?
Insurance companies use it in a so called 17c formula they use which starts at 10% of used car cost and ends up being a negative amount or very low. Get a diminished value appraisal from a top rated company.
