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Non-duplication of coverage coordination of benefits is a provision that prevents an individual from being reimbursed more than 100% of their total expenses by multiple insurance policies. The provision dictates that if a person has coverage under more than one policy, the combined benefits cannot exceed the total cost incurred. This ensures that insurance companies coordinate payments to avoid overpayment.
The insurance company claims there is a Michigan law that prevents them from paying a claim on two insurance policies from the same residence
If you are having pre existing diseases which you did not mention while filling in the proposal form,this might prevent you from getting full benefits from any health policy.Even if it is proved likewise, your case may be summarily rejected.
She finds a legal loophole which prevents Shylock from collecting on Antonio's promise.
She finds a legal loophole which prevents Shylock from collecting on Antonio's promise.
A short term provision is a legal condition or cause that's in a contract and requires or prevents either party or just one party from performing a particular requirement on a short term basis.
The law preventing collection agencies from collecting post dated checks is the Fair Debt Collection Practices Act. You can learn more about this at the Wikipedia.
Antidiuretic hormone (ADH), also known as vasopressin, prevents excessive water loss by promoting water reabsorption in the collecting duct of the kidney. ADH acts on the collecting duct to increase its permeability to water, allowing more water to be reabsorbed back into the bloodstream, thereby concentrating urine and reducing water loss.
A pre existing limitation is a medical condition that prevents you from receiving health benefits or insurance benefits. Insurance companies consider this before granting insurance or benefits.
True Disability insurance does not just pay for a covered accidental injury - it pays for any injury or illness that prevents you from being able to work and earn an income. Therefore there is not a list of specific covered injuries.An important provision to understand with respect to disability insurance is the definition of total disability. It is the definition of disability that will describe the circumstances in which a claim may be payable
I assume you mean a life insurance policy. First, no one can take out a life insurance policy without you personally answering the questions on the application then signing the application with a witness which usually has to be the licensed insurance agent. Secondly, the beneficiary has to have what is called an insurable interest. This means that they have to have a financial dependency on the insured person. This is where the person who would be the the beneficiary would have a financial loss if the insured happened to die like in a married couple situation. This prevents people from taking out insurance policies on anyone and basically betting they will die.