How long do you have to transfer your license and registration?
I recently moved from Chicago, IL to Columbus, OH. I still have Illinois driver’s insurance and my car is registered in Illinois. My license is still an Ohio one from 3+ yrs ago (i know, i never changed it! bad bad). But i do plan on changing my Ohio License to update the mailing address.
How long do i have to get these done legally? 30, 60, 90 days?
30 days. And you will have to get an inspection done on the vehicle to be able to transfer the title to Ohio. (Basically this is just a VIN # confirmation, no big deal, and police dept. or DMV office can do it)
Filed under auto insurance price quote by on Jul 15th, 2010. Comment. 
IMPORANT: Insurance Rule Change Being Considered
State insurance regulators are toying with the idea of lowering the reserves insurance companies would be required to have set aside – to cover things like life insurance and annuity contracts.
Basically, the amount of money they must have on hand to cover their obligations to policyholders.
Insurers claim the current requirements are redundant and overly conservative.
Huh? When you are guaranteeing life insurance contracts and annuity contracts aren’t they supposed to be based on conservative projections??
This current economic situation is affecting insurance companies to be sure, and some are in a position of potentially having to sell assets. That is the real issue – not the fact that current reserve requirements are too conservative. Insurers do not want to have to liquidate valuable assets, like real estate holdings.
By lowering the reserves insurance carriers would be required to have to back life and annuity contracts, it would open up a projected $22-$28 billion dollars industrywide, reportedly.
Murphy’s Law
Count me as a bit skeptical. But nature has a weird way of filling a void. And maybe call me a bit negative or pessimistic. It’s ok.
The moment we reduce the reserve requirements what are the odds that old man murphy slaps us with some odd disease or illness that raises the death toll higher than insurance company projections. What if they run low on cash (because they will spend excess cash – trust me), would they then expect/hope the feds will come to their rescue as happened in the bank and mortgage industry. The feds only have so much money to spend (or print).
Insurers are saying they may have to sell assets if the rules are not changed.
Life is hard sometimes
Ok. So sell that downtown New York building then. Average American’s are tightening their belts during this time too. It’s ok if you have to tighten your belt. Sell a couple assets.
It is either that or our state regulators agree to lower those reserves and we put ourselves in a position of facing an insurance industry meltdown at the next health or financial calamity.
Call me negative. Call me pessimistic. But I’d like my insurance industry to remain committed to the conservative principles and rules they have lived under for so long. It’s become a fairly stable and reliable industry as a result. American’s have had very little to gripe about when it comes to insurance companies backing their product.
I’d like to keep it that way.
Gary Brown is principal owner of Choice Insurance of Arizona. He serves Arizona residents for Arizona Auto Insurance, Arizona Homeowner Insurance, and Arizona Life Insurance. Find his website at Arizona Auto Insurance
Filed under Health Insurance by on Jul 14th, 2010. Comment.
Often you will come into contact with the term group health insurance policy. You should know about the true effectiveness of the group health insurance package and how it performs for the benefits of the employees. Basically, there are a number of small sized commercial sectors which offer this type of the insurance coverage to their existing employees as a part of incentive. This health insurance policy will cover the family members of the employees. Now if you serve in a company and you need the health insurance package for taking care of the health of your wife and children, you can opt for the group insurance policy.
This group insurance policy is suitable and well fitted to a company which has minimum two employees or maximum fifty members or more. It is also reliant on the strength of the financial resource of the company in the case of the selection of the health insurance package. As an employee, if you like to bring your family members under the coverage of the group insurance, the employer of your company can provide the financial backup for the payment of the premiums for the insurance coverage.
There is also the availability of the managed care or fee for service plans. You should know that managed care policies cover the certain areas of HMO or Health Maintenance Organization, PPO (Preferred Provider Organization) or Point-of-Service. You and your family will take the advantage of paying the medical bills at the reduced cost so long as you will utilize the providers which are recommended by HMO plan.
On the other hand, PPO plan is little bit different comparing to HMO plan. Under PPO policy, you will have no urgency for a referral or recommendation to visit the specialist for the medical assistance. The PPO is much more advantageous and flexible. In addition, POS or Point of Service is the compact plan of HMO and PPO policies. You will have to take the decision whether you will be agreed to opt for the payment of flat fee or the deductible fees. If you select the fee for service plan, you must have the opportunity to make the selection of the healthcare provider according to your choice. That means you will have the power to go to any doctor or house physician for the medical care.
A company will get more employees if it offers the competent Group Health Insurance package for their employees. However, if you are employees and at the same time you need to apply for group health insurance package for the medical coverage of your family members and yourself too, you must verify every possible source to get the maximum advantage. Finally, it will be more convenient for you to surf different online sites to collect the information about various features and effective functionalities of the group health insurance policies.
Irsan’s passion is to write on variety of subjects. Please visit his latest website at Weber performer grill which contains the reviews and deals on Weber performer charcoal grill and other information about grills.
Filed under Health Insurance by on Jun 26th, 2010. Comment.