The SRCC cancellation clause refers to the cancellation of Strikes, Riots and Civil Commotions (SRCC) coverage in marine cargo insurance policies. This clause allows insurers to cancel SRCC coverage by providing notice to the insured. What is SRCC Coverage? SRCC stands for Strikes, Riots and Civil Commotions. It is a type of coverage included in … Read more

It is possible to have coverage under two different health insurance plans in California. This situation is known as “dual coverage” and often happens when a spouse has health insurance through their employer in addition to the primary policyholder’s coverage. California allows coordination of benefits between group health plans to provide more complete coverage. However, … Read more

Asset allocation refers to how an investor divides their investment portfolio between different asset classes, such as stocks, bonds, and cash. Two common asset allocation strategies are the 70/30 and 80/20 models. But what exactly is the difference between these two approaches? Overview of Asset Allocation Strategies Asset allocation is a key part of creating … Read more

When a health insurance company determines that a medical service is not covered under a patient’s plan, the question arises of who is responsible for paying the provider for that service. In some cases, the provider can bill the patient directly for non-covered services. However, there are important limitations and regulations regarding when and how … Read more

Underwriters and insurers are both integral roles within the insurance industry. But while they work closely together, these positions have distinct responsibilities when it comes to evaluating risk, pricing policies, and paying claims. This comprehensive guide examines underwriters and insurers in detail, including how they interact and their unique contributions to the insurance process. Keep … Read more

If you’re shopping for business insurance, you’ll likely come across both insurance carriers and insurance brokers. But what exactly is the difference between an insurance carrier and a broker? While they both play important roles in the insurance industry, carriers and brokers serve very different functions. Understanding how they differ is key to determining the … Read more

Life insurance and death insurance are often used interchangeably, but there are some key differences between the two. While both provide financial protection for loved ones after someone passes away, they have different policy structures, benefits, and limitations. Understanding the distinctions can help you choose the right type of coverage for your needs and budget. … Read more

Purchasing life insurance is an important part of financial planning. It helps protect your loved ones in case of your unexpected death. Many people get by with just one life insurance policy. But there are situations where having more than one policy can be advantageous. Is It Possible to Have Multiple Life Insurance Policies? Yes, … Read more

Sun Life is one of the largest and most trusted insurance providers in the Philippines and worldwide. As a policyholder, it’s important to understand your responsibilities, including paying your premiums on time. This article will provide an in-depth look at late payments with Sun Life and the potential impacts. Overview of Sun Life Sun Life … Read more

Adverse selection is a significant risk for insurance companies. It occurs when high-risk applicants are able to obtain insurance coverage at rates that do not match their level of risk. This results in the insurance company taking on more risk than they anticipated. Fortunately, insurance companies have strategies to protect themselves from adverse selection. What … Read more