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Will the first insurance company pay no claim bonus to the second insurance company on first renewal?

April 26, 2017Bonus Business claim COMPANY Finance Insurance pay renewal

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Will the first insurance company pay no claim bonus to the second insurance company on first renewal?

1 Answer

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If you are eligible for any “no claims” bonus, it is always paid directly to the named policy holder(s) and to no one else as that is the legal scope and definition of policy ownership.