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July 03, 2009  
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Insurance Advisors Terms


  > Foreign-product liability
This coverage applies to losses that occur because of difficulties involved in distributing or acquiring items that are manufactured by foreign suppliers.
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  > COBRA Benefits
COBRA stands for “Consolidated Omnibus Budget Reconciliation Act of 1985,” which requires companies with 20 or more employees to offer separating employees the option to continue their group health-care coverage at their own expense.
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  > Weather
The impact of weather on businesses is more complex than you might think. Weather obviously affects outdoor operations that depend on fair weather — for example, events like fairs, festivals, concerts, sporting events or filming.
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Did You Know?    
 
 
Payments you receive from qualified long-term care insurance contracts will generally be excluded from income
As reimbursement of medical expenses received for personal injury or sickness under an accident and health insurance contract. Also, certain payments received under a life insurance contract on the life of a terminally or chronically ill individual (accelerated death benefits) can be excluded from income. Refer to Publication 17, Your Federal Income Tax, Chapter 13, Other Income.

 
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Latest News
  Latest Insurance related news in Oklahoma and nationwide: Mar 02, 2007 - Keep Health Coverage After A Job Change
Most individuals go through a number of life events that affect their health benefit needs and the choices they make. Ther
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Mar 02, 2007 - More Americans Struggle With Health Care Costs
TUESDAY, Dec. 12/2006 (HealthDay) More Americans are forced to spend more of their family income on health care, and more
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Jan 18, 2006 - Progressive Group, Drive Insurance Company
NEW YORK (January 12, 2006) — Drive® Insurance from Progressive ("Drive") Group President Bob Williams ra
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