Term of the Day: Unfair Claims Practice

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	INVESTOPEDIA Term Of The Day July 27, 2015 Unfair Claims Practice The improper avoidance of a claim by an insurer or an attempt to reduce the size of the claim. By engaging in unfair claims practices an insurer tries to reduce its costs. However, this is illegal in many jurisdictions. Investopedia Explains: The National Association of Insurance Commisioners (NAIC) has created legislation that states that claims be handled fairly... Read More Related to "Unfair Claims Practice" Will Filing An Insurance Claim Raise Your Rates? You buy insurance to protect your home and car from damage, but when an accident happens, is it in your best interest to... Read More 5 Life Insurance Questions You Should Ask If you're in the market for life insurance, you might have been tempted by those ads claiming that "for just a few dollars a day... Read More The Importance Of Picking A Safe Insurance Company Come rain, sleet, snow or bankruptcy, your insurance company needs to be able to cough up the cash to pay out your insurance claims when... Read More Recently Added Definitions Truncation The requirement mandated by the Federal Trade Commission (FTC) for merchants to shorten the personal account information... Read More Roll Rate The percentage of credit card users who become increasingly delinquent on their accounts. Roll rate refers to the percentage of card users who... Read More Related Definitions Fake Claims Insurance Claim Insurance Contract Holder National Association of Insurance Commissioners - NAIC Past Terms of the Day Killer Bees Sin Tax Grandfathered Activities Touchline Himalayan Option You are currently subscribed as: mondemand.forex@blogger.com Unsubscribe | Unsubscribe From All | Manage Profile Investopedia US, A Division of IAC. Copyright © 2015, Investopedia, LLC. All Rights Reserved Follow Us: