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What does circa mean in real estate?
What is an example of a circa date?
What does the word circa mean?
What are the different types of circa?
- Prior Knowledge Exclusions
- Retroactive Date Exclusions
- Prior and Pending Litigation Exclusions
- Rescission
When a new claim is reported to an insurance company, one of the first things the company does is request information and documents regarding the factual background of the claim. While the purpose of this request is usually characterized as helping the insurance company defend against the claim, the company often has an ulterior motive – to determi...
Even if the control group had no knowledge of facts or circumstances that could give rise to a claim, rendering the prior knowledge exclusion inapplicable, this does not mean the policyholder is in the clear. Claimsmade policies also contain retroactive date exclusions (also known as continuity date exclusions) that apply based on when the underlyi...
Related to retroactive date exclusions are what are known as prior and pending litigation exclusions. For example, a claims-made policy may contain an exclusion precluding coverage for claims arising out of any litigation filed or commenced on or before the pending litigation date. In many ways, this exclusion is similar to a retroactive date exclu...
Even if no exclusion in the policy applies to the claim, the insurance company may try to get out of coverage by rescinding the policy on the basis of omissions or misrepresentations in the application for the policy. Many states have statutes or case law that permit an insurer to rescind a policy – that is, treat matters as if the policy had never...
Dec 1, 2023 · If you’re dealing with an insurance claim, you may encounter terms like “First Notice of Loss,” “FNOL,” or just “Notice of Loss.” These terms all mean the same thing: the date when an insurance company first learns about a potential claim. This date is incredibly important.
Mar 6, 2024 · If an insurance company rescinds your policy, it is likely the company decided there was misrepresentation on your part when you provided information on your application for coverage. Sometimes, the rescission of a policy is legally justified, but there are instances where an insurance company unfairly rescinds a policy to avoid paying claims.
Does circa mean approximately? Circa does indeed mean approximately in the context of dating or indicating the time period of something. It is often used before a specific date to indicate that the actual date may be slightly different, but is close to the one stated.
Feb 17, 2024 · States typically require insurance companies to provide a 30-day notice of cancellation to the policyholder before the cancellation date. What is the grace period for cancelling insurance? Cancelling during the cooling-off period You may want to cancel an insurance policy if you have just bought it and have changed your mind.
Oct 8, 2021 · What is a retroactive date, and how does it impact potential coverage? What Is a Retroactive Date? A retroactive date dictates when an insured's error or omission giving rise to a claim can take place - on or after the retroactive date, which is typically listed in the policy's declarations.
May 23, 2013 · The period of insurance thereupon begins and the insurers become liable, irrespective of whether the premium is paid or not. The policy, however, may provide that it is not to come into force until a specified condition, such as, e g the payment of the premium, has been fulfilled. In this case, though the period of insurance runs from the date ...
