Start Backdating insurance definition

Backdating insurance definition

This means that for 20% taxpayers, having private use of a company van will incur a tax cost of £600 per year.

If the policy is not to be renewed, the written notice shall state the reason or reasons as to why the policy is not to be renewed.

This requirement applies only if the insured has furnished all of the necessary information so as to enable the insurer to develop the renewal premium prior to the expiration date of the policy to be renewed.

Immunity under this section does not apply to:(1) disclosure of information known to be false; or(2) a disclosure made with malice or the wilful intent to injure any person.

An insurer or agent or an employee of an insurer or agent is not liable, and a cause of action does not arise against that individual or entity, for a statement, disclosure, or communication made in good faith under this subchapter.

An insurer issuing a policy providing coverage for workers’ compensation and employer’s liability insurance, property, casualty, except mortgage guaranty, surety, or marine insurance, other than motor vehicle insurance subject to s.

627.728, shall give the first-named insured at least 45 days’ advance written notice of nonrenewal or of the renewal premium.

This subsection does not apply to individually rated risks having a policy term of less than 90 days.