How does the FCA protect insurance consumers?

The FCA protects consumers by enforcing rules on fair pricing, transparent contract terms, clear communication, and ethical claims handling. It also investigates complaints, fines non-compliant insurers, and ensures compensation is available when companies fail.

Does pet insurance cover cancer treatments?

Most comprehensive illness plans cover cancer treatments, including chemotherapy, radiation, surgery, and medications, though limits and exclusions may apply based on the policy.

How often do I need to renew my Medicaid coverage?

Medicaid coverage must be renewed periodically, usually every 12 months. Your state Medicaid agency will notify you when it's time to renew, and you may need to provide updated income and household information to ensure continued eligibility.

Does NCB expire if I don’t renew my policy on time?

Yes, NCB is valid only if the policy is renewed within a specific period, usually 90 days from the expiry date. If you fail to renew within this grace period, you lose your accumulated NCB, and it resets to 0%.

Can I have multiple beneficiaries?

Yes, you can name multiple beneficiaries and specify the percentage each should receive from the insurance policy's proceeds after your passing.

What is the pass rate for CPCU exams?

The pass rate varies by exam, but CPCU exams are known to be challenging, with pass rates typically ranging from 50% to 70%. Success depends on study habits, comprehension of the material, and preparation. Candidates are encouraged to use official study guides and practice exams to increase their chances of passing.

What is the difference between crop yield and crop revenue insurance?

Yield insurance covers production losses due to natural causes, while revenue insurance also considers market price changes, providing broader financial protection for farmers.

Is comprehensive coverage required by law?

No, comprehensive insurance is not legally required, but lenders or lease agreements may mandate it if your car is financed or leased.