Why do banks hold insurance checks?
Why do banks hold insurance checks?
Banks place these holds on checks in order to ensure the funds are available in the payer’s account before giving you access to the cash. By doing this, they help you avoid incurring any charges—especially if you use the funds right away.
When an insurance company needs to provide a payout?
Terms in this set (16) When an insurance company needs to provide a payout, the money is removed from: the consumer’s income.
How can you ensure a claim will not be rejected?
State correct age, occupation, income and insurance coverage: Besides the health condition, you should also be completely honest about your age, occupation, income and other insurance cover. Your age defines the risk, so any inaccuracy can lead to rejection. May 9, 2011
