Category: Insurance
The difference between an insurance writing company and the parent insurance company
Parental Insurance Company: A parent insurance company is an entity that is the overlooking entity for one or multiple subsidiary companies. These subsidiary companies can be totally independent or partially independent of the parent company. The purpose is to create
Liability Coverage in Insurance
If you cause an accident on your property or someone is wounded on your land, you may be held legally responsible for the resulting costs, such as medical or legal bills. Liability coverage can shield you against these types of
Types of coverages associated with Auto Insurance
If we are looking to buy a new vehicle or for auto policy then we should be aware of the types of coverage available. If we met with a vehicle accident then insurance coverages protect us, our passengers, and our
The Top 5 Benefits of Comprehensive Car Insurance
A comprehensive motor vehicle insurance policy protects your motor vehicle from any unlooked-for event except a collision. It covers the loss during an accident. Let’s take a look at the other benefits of this. As per the Motor Vehicle Act,
Free Look Period in various Insurance Policies
A policyholder is provided a free look period during which he or she can analyze and review the policy document. If you are not pleased with the policy’s inclusion and exclusion provisions as stated at the time of purchase, you
Common Payment Plans in P&C Insurance
Term insurance is a basic product that is simple to follow. A term insurance policy’s coverage can be extensive, and the premium for such a policy is reasonably priced. As a result, such a product should be the backbone of
Rest CallOut in LWC
Rest CallOut can be made in Salesforce in two ways: Server-side controller (Apex Class) Client-side controller (Js Controller) Server-side controller (Apex Class): We can make an API callout from Apex , which provides support for REST and SOAP callouts. Before
What are the ACORD Forms/Certificates?
Introduction ACORD stands for Association for Cooperative Operations Research and Development is an international organization that provides standardized certificates and forms in the sector of insurance and related financial services industries. ACORD was established in 1970. In its earlier time,
What is the National Producer Number and who assigns it?
National Producer Number: NPN is a unique NAIC identification number that is assigned through the National Association of Insurance Commissioner’s which is used to track individuals and business entities. It is assigned through the license application process. The National Insurance