by Guest » Tue Oct 19, 2010 05:51 pm
What is the law in the State of Georgia for reimbursement for expenses? If I receive payment from an insurer for expenses, can my insurance company then require payment to them for my claims?
Posted: Tue Oct 19, 2010 06:48 pm Post Subject:
sorry, you will need to be more specific and give some type of details. That question is just _way_ to broad.
Reimbursement for what expenses? Require payment to them from who?
This sounds like a health insurance question but it's posted in the auto forum.
Posted: Wed Oct 20, 2010 02:55 am Post Subject:
Whether it's health insurance or auto insurance, if your insurance company pays a claim that you eventually recover from another person's insurance company, they generally have subrogation rights, and you will owe the value of their money back to them.
Posted: Sat Oct 23, 2010 01:53 am Post Subject:
I have one question. Suppose the insured never repays what he eventually recovers from the other party's carrier, what would be the penalty if the carrier realizes it at a later date. Are there any limitations beyond which the carriers subrogation rights would lapse?
Posted: Sat Oct 23, 2010 08:38 am Post Subject:
Failure to pay is a "breach of contract" claim. It would be governed under your state's statute of limitations -- probably two, three, or four years -- as to how ling the insurance company has to enforce it's claim under the contract. Technically, each "renewal" of your policy is a "new" contract, so it would be based on the policy period under which the claim and related breach occurred.
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