1MHG (Message Header Group) The 1MHG (Message Header Group) is the very first structural group that appears before any transaction in an AL3 message. Its primary functions include: 1. Logical [...]
Both life insurance and accident insurance policies include double indemnity clauses. According to these clauses, insurance carriers agree to pay twice the policy amount in the event of accidental [...]
There are some common reasons due to which Motor Insurance Claim can be declined by the insurance company. So an Insured should take care of these things. Driving Licence [...]
The elimination period term refers to the period between an injury and receipt of benefits. We can say that it is the time between the beginning of injury and [...]
Transaction Category (TRCAT) - The Transaction Category data element specifies that the current transaction belongs to which department, process or category. Common values are below: A - Accounting C [...]
The main difference between personal and commercial auto insurance depends on who owns the vehicle. If your business owns a vehicle that is used for business purposes, it will [...]
Dwelling Insurance: Dwelling coverage is a part of a home insurance policy and sometimes it is also called Dwelling Insurance. This policy may help to rebuild and repair the [...]
A web-based Insurance Agency Management System or AMS is a Software as a Service (SaaS) tool that can optimize the existing agency business processes and run, and help the [...]
What is an insurance endorsement? Insurance endorsements allow you to change standard property and casualty insurance. It is mainly used for any kind of additions, subtractions, and other updates to [...]
Introduction Irrespective of the kind of insurance coverages you are looking for, the ability to get the best auto insurance quotes at reasonable rates in the U.S. is not [...]
Parking - Parking is the primary parking location for the vehicle. It is the main parking area where vehicles are parked when not in use. Usually, it's the house [...]
MVR Stands for Motor Vehicle Record/Report. In a Motor Vehicle Report a summary of a person’s driving records like past accidents, and traffic violations are noted. The MVR is [...]
Introduction Whether you have a car, a motorcycle, or an RV(Recreational vehicle), all these modes of transportation need Auto Insurance most of the time almost in all states. In [...]
