-
I was insured with another insurance company that settled my collision claim.
However, I have a $100 collision deductible in my own policy. How do I file for this?
-
You may file a proof of claim with the Liquidator in the amount of your policy deductible.
In the alternative, you may be able to recover your deductible from your state guaranty fund.
(top)
-
I was collecting TTD (Temporary Total Disability) payments every week and they have now stopped, why?
-
The insurance company that paid your TTD is in liquidation and is unable to continue the weekly payments.
You may file a proof of claim with the Liquidator. You may also be entitled to coverage from your state
guaranty fund if it covers claims arising from the liquidation of this insurance company.
(top)
-
I am an agent and I paid the premium through my agency but was not paid by the insured.
How can I have the return premium refunded to me?
-
It will be necessary for you to obtain an Assignment of Interest form from the policyholder.
This form will assign the right to the return premium over to whatever party the policyholder
designates (your agency if you paid the premium). If applicable, the Guaranty Fund will also need
this form in order to pay you the return premium. This assignment form is
available here.
(top)
-
What is the difference between a return premium claim and a loss claim?
-
A claim for return premium is for the unearned premium, if any, received by the insurer on your policy.
For example, if a one-year policy was in force for six months when cancelled as a result of a liquidation order,
then half of the total premium has been earned by the insurer and half is unearned and results in a claim against
the company. A loss claim is for any liability claim you believe to be covered under a policy of insurance
issued by the insurer.
(top)
Back to Frequently Asked Questions
|
