Remember to always verify with the Nevada Division of Insurance that the person or company you are working with is licensed, certified or authorized to conduct business in this state. Under United States tax law , for example, most owners of variable annuities and variable life insurance can invest their premium payments in the stock market and defer or eliminate paying any taxes on their investments until withdrawals are made. Casualty insurance insures against accidents, not necessarily tied to any specific property. Businesses require special types of insurance policies that insure against specific types of risks faced by the particular business. Insurance premiums need to cover both the expected cost of losses, plus the cost of issuing and administering the policy, adjusting losses, and supplying the capital needed to reasonably assure that the insurer will be able to pay claims.
Citation needed That is, some insurance products or practices are useful primarily because of legal benefits, such as reducing taxes, as opposed to providing protection against risks of adverse events. All-risk insurance is an insurance that covers a wide range of incidents and perils, except those noted in the policy. The most common types of personal insurance policies are auto, health, homeowners and life insurance policies. From renters insurance to life insurance, Wells Fargo Insurance can help you find the policy that fits your needs.<div style='text-align:center'><iframe width='480' height='336' src='http://www.youtube.com/embed/Uur3oUrUd0U' frameborder='0' allowfullscreen></iframe></div>
The mission of this agency is to enforce the insurance laws and regulations of the State impartially, honestly, and expeditiously; to serve the consumer of insurance; to encourage a healthy insurance marketplace; and to promote change to better serve the public interest. Collateral protection insurance (CPI) insures property (primarily vehicles) held as collateral for loans made by lending institutions. Call the Division of Insurance today if you have questions or concerns about your insurance company, agency or agent. As part of this balancing act, fraudulent insurance practices are a major business risk that must be managed and overcome.
Fidelity bond is a form of casualty insurance that covers policyholders for losses incurred as a result of fraudulent acts by specified individuals. The most complicated aspect of the insurance business is the actuarial science of ratemaking (price-setting) of policies, which uses statistics and probability to approximate the rate of future claims based on a given risk. Many U.S. insurers do not provide flood insurance in some parts of the country.
