How long is the waiting period before claim payments start?
"We notified every state in writing and plan participants that there was a problem with claim payments," he said.
Sometimes simply resubmitting the information will result in a claims payment.
Premiums collected by the association were immediately recycled into claims payments.
In these arrangements the insurance company provides the typical third party administration services but assume no risk for claims payment.
If the policy-holder agreed to wait 60 days before receiving claim payments, then the insurer need not pay.
Those included inadequate training and supervision of agents and delays in claims payments.
No evidence was produced then or since that personal injury compensation claim payments had contributed to the "Insurance Crisis".
The owner collects a claim payment from an insurance company, while the car's parts are sold to salvage yards and auto shops.
Convincing policyholders to accept lower-than-expected claims payments may be difficult for Berkshire.