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Unty Purchasing Department, 500 E. San Antonio, Suite 500, El Paso, Texas 79901 before 2:00 p.m., Monday, May 1, 2006 to be opened at the County Purchasing Office the same date for Safekeeping Services for El Paso County Investments. Proposals must be in a sealed envelope and marked: Proposals to be opened May 1, 2006 Safekeeping Services for El Paso County Investments RFP Number 06-020 Any questions or additional information required by interested vendors must be submitted in writing to t.
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7th FAQ
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The consideration clause spells out exactly how much premium payments are and when they are due. The legal consideration for a life policy consists of the application and payment of the initial premium. 3.9.4 Consideration Clause - American Safety Council uceusa.com https://course.uceusa.com › courses › content › page_130 uceusa.com https://course.uceusa.com › courses › content › page_130
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The insuring clause states the insurer's commitment to pay benefits. The benefit payment clause is the provision that describes how and when benefits are paid. The consideration clause describes the promises exchanged between the insured and the insurer as evidenced by the payment of premiums . 11/3 Quiz: OTHER PROVISIONS Flashcards - Quizlet Quizlet https://quizlet.com › Social Science › Business › Insurance Quizlet https://quizlet.com › Social Science › Business › Insurance
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The Consideration clause of an insurance contract includes? The schedule and amount of premium payments. (The Consideration clause of a Life or Health policy includes the schedule and amount of premium payments.) 2 Legal Concepts - Insurance - Quizlet Quizlet https://quizlet.com › Social Science › Business › Insurance Quizlet https://quizlet.com › Social Science › Business › Insurance
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Consideration. This is the premium or the future premiums that you have to pay to your insurance company. For insurers, consideration also refers to the money paid out to you should you file an insurance claim. This means that each party to the contract must provide some value to the relationship. Legal Capacity. How to Easily Understand Your Insurance Contract - Investopedia investopedia.com https://.investopedia.com › articles › insurancecontr... investopedia.com https://.investopedia.com › articles › insurancecontr...
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A consideration clause specifies how much the policy's premium or cost of the policy is and when premiums are due. A probationary period outlines the period of time during which the insurance company will not pay a policyholder for an illness from which he/she suffers.
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A consideration clause in a health or disability policy specifies how much the policy's premium or cost of the policy is and when the policyholder must pay premiums. For example, the consideration clause in Zoe's disability policy could state that she must pay $50 each month with premiums due on the 15th of each month. Health & Disability Insurance | Clauses & Provisions - Study.com study.com https://study.com › academy › lesson › health-disability-i... study.com https://study.com › academy › lesson › health-disability-i...
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Who must sign the insurance application? An insurance application requires the agent, proposed insured, and the policyowner if different from the insured to sign it. Chapter 18/4: Underwriting, Application, Delivery Review - Quizlet quizlet.com https://quizlet.com › chapter-184-underwriting-applicatio... quizlet.com https://quizlet.com › chapter-184-underwriting-applicatio...
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An Insurance Agreement is a contract between an insured and an insurer in which the insurer promises and undertakes, in exchange for consideration (the insurance premium), to make a payment to either the insured or a third-party beneficiary upon the occurrence of a specified event.
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The consideration clause spells out exactly how much premium payments are and when they are due. The legal consideration for a life policy consists of the application and payment of the initial premium. It may also list the effective date. 3.9.4 Consideration Clause - American Safety Council American Safety Council https://course.uceusa.com › courses › content › page_130 American Safety Council https://course.uceusa.com › courses › content › page_130
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The consideration clause describes the promises exchanged between the insured and the insurer, as evidenced by the payment of premiums and statements made by the insured in the application, and the insurer's promise to pay benefits under the terms of the policy. The consideration clause is usually on the policy face.
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Consideration. This is the premium or the future premiums that you have to pay to your insurance company. For insurers, consideration also refers to the money paid out to you should you file an insurance claim. This means that each party to the contract must provide some value to the relationship. How to Easily Understand Your Insurance Contract Investopedia https://.investopedia.com › ... › Insurance Investopedia https://.investopedia.com › ... › Insurance
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For example, a person who pays auto insurance premiums to an auto insurance company would receive consideration if they experienced a covered loss to their vehicle. Under this consideration, the auto insurer would pay for the losses.
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