DO INSURANCE CO HAVE TO SEND YOU A REGISTERED LETTER THAT YO

by peach » Fri Oct 10, 2008 03:56 pm
Posts: 1
Joined: 10 Oct 2008

WHAT IS REQUIRED TO NOTIFY THAT INSURANCE WILL EXPIRE?

Total Comments: 15

Posted: Fri Oct 10, 2008 04:01 pm Post Subject:

A letter, delivered through normal USPS channels. Your agent, if he/she is any good, should also be calling you - several times actually because they don't want to see your policy cancel. Depending on who you are with, you may even get an automated call stating that you are close to being cancelled.

Posted: Fri Oct 10, 2008 05:18 pm Post Subject:

Totally agree with life here. You would definatly get a letter in the mail. When I didn't return some follow up papers on my teen and they were about to take him off our policy due to age they even called a million times.

Posted: Sat Oct 11, 2008 10:24 am Post Subject:

WHAT IS REQUIRED TO NOTIFY THAT INSURANCE WILL EXPIRE?

a bill that says, 'hey ins. is due' :roll: and if you don't pay it you don't have insurance simple as that...does your light company send you a registered letter if you don't pay your light bill? nope they just shut 'em off.

Posted: Sat Oct 11, 2008 07:12 pm Post Subject:

LOL Lori...thats a goos one..although the light company will send you warning letters in a different colored envelope. My mom-in-law use to get furious over this. Her regular bill would be sent in a regular envelope but let that sucker get two months past due and the next colored envelope to show up ikn the post office box was green. If things really got delinquent...it would be yellow. She use to complain that everyone would know her business by the color of the envelope. I said to her "they would also know your business if the houe was dark for a week from not paying the bill so whats the difference?"

Posted: Sun Oct 12, 2008 11:31 am Post Subject:

:lol: People like your mother in law (and probably the OP) crack me up! it's always someone elses fault or responsiblity to make double, triple sure they know they are late...haha...life ain't that way...

Posted: Sun Oct 12, 2008 01:44 pm Post Subject:

I do not get it either. Before the electric bill was in mu hubbys name. She had it put into it before he turned 18. I still couldn't figure out how she did it but I know he ahs the same name as his Dad and she used his SS number. We found it out when he went for credit or I should say I found out he "knew" about it when we went for credit. His Dad was dying and on oxygen at that time and he couldn't take it out of his name. So we hounded her every month to keep it paid. His Dad died and we went and paid the bill in full (required to turn off an account) and that was that.
My Hubby never understood credit until we met and has come a long way in the responsibility Dept. I am proud of how he" grew up "and now is such a good guy.
Alot, I think comes from how a person is raised. You never missed a bill, a dentist/doctors app., or church in my home growing up.

Posted: Sun Oct 12, 2008 06:48 pm Post Subject:

Definately makes a difference in what you are taught, and what you see...if a kid see's parents dodging bill collector running up c cards, and trying to play the system, it's hard to change that, it's second nature to repeat it...good for your husband, I know first hand how hard it is to NOT turn out the way you were raise... :wink:

Posted: Mon Oct 13, 2008 01:38 am Post Subject:

Yep. It took some work but got him to understand it all was for the best. I try to keep good faith installed in my kids. Hope it sinks in.

Posted: Thu Nov 06, 2008 04:50 am Post Subject:

Okay, let's leave the lights on and talk about life insurance again.
No, a life insurance company DOES NOT have to remind, notify, advise, or warn someone their policy is about to expire. It is a good business practice and a better example of customer service, but not required.
This is especially the case when a policy is due to expire and the company suspects foul play on the part of the agent. I have actually seen electronic messages between branch managers and/or admin staff to a home office instructing them NOT to send a bill or reminder of premiums due.

Think about it this way: If you were an agents who sold someone a $500K whole life policy based on the promise that all premiums would mysteriously vanish in only 5 years, would you want them to start getting bills in the 4th year?

Posted: Sat Nov 15, 2008 08:03 am Post Subject:

InsInvestigator, What about grace periods?

Every state we're at my work has language within it's laws and rules that require insurers to provide several levels of notice to policyholders regarding premiums, including grace period statutes, premium options and expiration/lapse notification. Of course, the key is that these notices only have to be mailed to the last known address on record at the insurer, and rarely does any state have a rules that requires that the notification be sent by registered or certified mail. When I had my agency, my insureds always got copies of these notices as well as the agency.

The only situation in any insurance code that I'm aware of that does required registered or certified mail would be in disciplinary actions initiated by the state insurance division against licensees and certificate holders.

InsTeacher 8)

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