Backdating auto insurance
Because that is the case then there is general insurance.
Almost the same with life insurance, general insurance bears all things, such as health, wealth, and the other that is not borne by insurance…
Personal insurance also comes in general insurance. Life insurance deals with the Securing the future of dependants of life assured.
Personal insurance includes health insurance, accident insurance etc. General Insurance deals with insurance of all other things life fire insurance, motor insurance, marine insurance etc.
This type of coverage is offered when the amount of the claim is very uncertain and potentially long delays in payment may result.
The premium charged by the insurer, coupled with its investment value, is calculated to be sufficient to cover all the claims from the incident.
Welcome to the California Department of Insurance (CDI) Laws and Regulations page.
However, the claimant normally needs to demonstrate good reasons for waiting to file a claim or for not being insured before the loss.
Insurance companies, agents and brokers are required to comply with these insurance laws.
This page was established with our ongoing goal of providing excellent,fair and responsive services to California consumers.
A policy could, for example, be backdated if something prevented the completion of the contract at an earlier date.
If the insurance contract is only signed and completed after some delay on the insurer's part in processing it (such as misplacing the paperwork after agreeing to the terms of the contract), the insurer may backdate the policy as a way of rectifying this.