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Courtier Assurance Vie

Insurance, Canada, Quebec, Montreal

Your trusted partner in life insurance and wealth management solutions, ensuring a secure future for you and your loved ones.

About Courtier Assurance Vie

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Basics

Type
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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, Quebec, Montreal
Official Website
http://www.courtierassurancevie.ca
Location Address Official Phone Email
Canada, Quebec, Montreal Canada, Quebec, Montreal **** ****
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FAQs – Courtier Assurance Vie

What does Medicare Part A cover?

Medicare Part A covers hospital stays, skilled nursing facility care, hospice care, and some home healthcare services. It does not cover long-term care, private nursing, or custodial care unless medically necessary. Deductibles and coinsurance may apply.


How do insurers use loss ratio data in pricing?

Insurers use historical loss ratio data to inform their pricing strategies. If a particular policy or group of policies is associated with a higher loss ratio, the insurer may adjust premiums to reflect the increased risk, helping to maintain overall profitability.


Can adverse selection occur in car insurance markets?

Yes, if high-risk drivers are more likely to purchase comprehensive coverage while low-risk drivers opt out, insurers may face a disproportionately high claims ratio.


What are some well-known Insurance Regulatory Authorities worldwide?

Examples include the National Association of Insurance Commissioners (NAIC) in the U.S., the Financial Conduct Authority (FCA) in the UK, the Insurance Regulatory and Development Authority of India (IRDAI), and the Prudential Regulation Authority (PRA) in the UK. Each regulates insurers in its jurisdiction.


Can I insure only part of my freight under Freight Marine Insurance?

Yes, Freight Marine Insurance allows partial coverage of freight. If only a portion of the goods or cargo is at risk, you can insure just that part of the shipment. This is often done for high-value items or specialized cargo within a larger shipment.


Does liability insurance cover lawsuits?

Yes, if you are sued for causing an accident, liability insurance helps cover legal expenses, settlements, and court-ordered compensation.


What is an incurred but not reported (IBNR) reserve?

IBNR reserves are funds set aside for claims that have occurred but have not yet been reported to the insurer. These reserves account for the delay between when an incident happens and when the claim is filed, ensuring financial preparedness.


Is comprehensive coverage worth it for older vehicles or properties?

It depends on the asset's value. If repair costs exceed its worth, maintaining comprehensive coverage may not be cost-effective, and policyholders may opt for liability-only insurance instead.


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