Can I claim baggage loss if my suitcase is damaged instead of lost?

Yes, if your suitcase or items inside are damaged during transit, you may file a claim. However, wear and tear, scratches, and minor cosmetic damage are usually not covered.

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Are universal life insurance premiums tax-deductible?

No, life insurance premiums are generally not tax-deductible, but the cash value grows tax-deferred, and death benefits are usually paid out tax-free to beneficiaries.

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What role does technology play in managing loss ratios?

AI and data analytics help insurers predict claims trends, detect fraud, and streamline claims processing to maintain balanced loss ratios.

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What is predictive modeling in actuarial science?

Predictive modeling involves using statistical and machine learning techniques to analyze past data and forecast future events. Actuaries use it to predict insurance claims, mortality rates, financial market trends, and customer behavior.

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What is the NAIC's Consumer Information Source (CIS)?

The CIS is an online database managed by the NAIC that provides consumers with important information about insurance companies, such as financial stability and licensing status.

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What is General Average in Marine Hull Insurance?

General Average is a principle where all parties in a maritime venture proportionally share losses when a voluntary sacrifice (such as jettisoning cargo) is made to save the vessel and crew. Hull insurance policies often cover the insured shipowner's share of the general average contribution.

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Are preventive services covered in PPO plans?

Yes, most PPO plans cover preventive services like annual check-ups, vaccinations, and screenings at no cost when using in-network providers, as required by the Affordable Care Act (ACA).

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Is there a different out-of-pocket maximum for family plans?

Yes, family plans often have both an individual and a family out-of-pocket maximum. Once the family maximum is met, the insurer covers 100% of eligible costs.

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