How do I find out if my doctor is in my HMO network?

You can check your insurance provider’s website or call customer service to verify if your doctor is in-network. Many insurers offer online directories where you can search by doctor name, specialty, or location to confirm coverage.

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Can the limit of liability be reduced during the policy period?

In most cases, the limit of liability cannot be reduced during the policy period unless the policyholder agrees to a policy amendment or renewal terms. Some exclusions may apply depending on the insurer’s terms.

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What are the main actuarial exams?

Actuarial exams include probability, financial mathematics, actuarial models, statistics, risk management, and business applications, administered by professional organizations like SOA, CAS, and IFoA.

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Can insurance brokers help with high-risk coverage?

Yes, insurance brokers specialize in finding policies for high-risk individuals or businesses that may struggle to get coverage directly from insurers. Whether it’s a high-risk driver, hazardous occupation, or business with unique risks, brokers access specialty markets and negotiate coverage that suits specific circumstances.

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Are natural disasters like hurricanes and tsunamis covered?

Most hull insurance policies cover natural disasters like hurricanes, storms, and tsunamis, but specific exclusions or additional deductibles may apply in high-risk areas prone to extreme weather.

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Can I have Medicaid and private insurance at the same time?

Yes, Medicaid can act as secondary insurance by covering costs not paid by your primary private insurance, such as copayments and deductibles.

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How does facultative reinsurance differ from treaty reinsurance?

Facultative reinsurance is negotiated individually for specific risks, while treaty reinsurance applies to a broader portfolio of policies under a predefined agreement. Facultative reinsurance allows insurers to seek coverage for unique or high-risk policies, whereas treaty reinsurance provides continuous coverage for a class of risks.

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How does coinsurance apply in liability insurance?

Some liability insurance policies use coinsurance clauses, requiring policyholders to share legal defense and settlement costs once coverage limits or deductibles are exceeded.

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