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Landmark Canada Insurance

Insurance, Canada, Ontario, Toronto

Landmark Canada Insurance provides comprehensive insurance solutions tailored to your needs, with a focus on customer service and risk management expertise.

About Landmark Canada Insurance

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Basics

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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
Canada, Ontario, Toronto
Official Website
http://www.landmarkcanada.ca
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FAQs – Landmark Canada Insurance

Can facultative reinsurance cover multiple types of insurance policies?

Yes, facultative reinsurance can cover a wide range of insurance policies, including life, health, property, casualty, and more. Each reinsurance contract is tailored to the specifics of the primary insurance policy it is covering.


What types of risks can parametric insurance cover?

It can cover risks such as hurricanes, earthquakes, droughts, floods, extreme temperatures, and other weather-related events, as well as non-weather-related risks like pandemics and business interruptions.


How does divorce affect beneficiary designations?

In some states, a divorce automatically revokes an ex-spouse as a beneficiary unless the policyholder reaffirms or updates the designation.


What happens if my baggage is lost on a cruise ship?

Cruise travel insurance often includes baggage loss coverage, but you must report the loss to ship authorities and obtain a formal report. Some policies may have different coverage limits for cruises.


Can universal life insurance lapse?

Yes, if the cash value is insufficient to cover policy expenses and premiums are not paid, the policy can lapse, leading to loss of coverage.


How does claims fraud impact the loss ratio?

Fraudulent claims increase payouts, inflating the loss ratio, leading insurers to implement stricter fraud detection and policyholder scrutiny.


How do actuaries help insurance companies?

Actuaries design insurance policies, determine premium rates, assess claim reserves, and manage investment risks. They ensure that insurance companies remain financially stable while providing fair coverage to policyholders.


How does the NAIC promote uniformity in insurance laws?

The NAIC develops and recommends model laws and regulations that state insurance departments can adopt, helping create consistency in insurance regulation across the U.S.


Comprehensive Market Research

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