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Insurance Woes



 
 
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  #1  
Old December 6th 05, 07:09 PM posted to rec.aviation.owning
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Default Insurance Woes

There's a license agreement that the insurance companies have with your
state insurance commissioner. Certain clauses may be written into your
policy, but if they can't be too unreasonable, or the insurance company
can lose their state license.

  #2  
Old December 7th 05, 03:41 AM posted to rec.aviation.owning
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Default Insurance Woes

nrp wrote:
There's a license agreement that the insurance companies have with your
state insurance commissioner. Certain clauses may be written into your
policy, but if they can't be too unreasonable, or the insurance company
can lose their state license.


I think you're confusing aircraft insurance companies with auto. None of my
brokers or underwriters were located or licensed by New Jersey.

George Patterson
Coffee is only a way of stealing time that should by rights belong to
your slightly older self.
  #3  
Old December 7th 05, 02:29 PM posted to rec.aviation.owning
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Default Insurance Woes


"George Patterson" wrote in message
news:zRslf.5545$Yh2.5393@trndny01...
nrp wrote:
There's a license agreement that the insurance companies have with your
state insurance commissioner. Certain clauses may be written into your
policy, but if they can't be too unreasonable, or the insurance company
can lose their state license.


I think you're confusing aircraft insurance companies with auto. None of
my brokers or underwriters were located or licensed by New Jersey.

George Patterson
Coffee is only a way of stealing time that should by rights belong to
your slightly older self.


I don't have a dog in this fight BUT, I believe nrp was talking about the
actual carrier not the broker.


  #4  
Old December 8th 05, 01:50 AM posted to rec.aviation.owning
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Default Insurance Woes

Gig 601XL Builder wrote:

I don't have a dog in this fight BUT, I believe nrp was talking about the
actual carrier not the broker.


That's the underwriter. I believe I mentioned that?

George Patterson
Coffee is only a way of stealing time that should by rights belong to
your slightly older self.
  #5  
Old December 7th 05, 03:16 PM posted to rec.aviation.owning
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Default Insurance Woes



George Patterson wrote:

nrp wrote:

There's a license agreement that the insurance companies have with your
state insurance commissioner. Certain clauses may be written into your
policy, but if they can't be too unreasonable, or the insurance company
can lose their state license.



I think you're confusing aircraft insurance companies with auto. None of
my brokers or underwriters were located or licensed by New Jersey.



Yes they are. You cannot sell insurance in any state without being
licensed in that state. You don't have to be located there but you do
have to obey the laws of the state.

 




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