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It is easy to get pulled over in North Carolina for driving without insurance because the state requires all insurers to notify the DMV anytime a driver’s policy lapses. The minimum amount each ...
Insurance company goes insolvent: If your insurance company is declared insolvent, meaning it cannot pay its debts or rehabilitate itself, a policy lapse could also occur. Your policy will usually ...
As insurance companies tighten guidelines, more homeowners are struggling to get insured. Many are turning to the state-run insurer. What to know.
Under the individual mandate provision (sometimes called a "shared responsibility requirement" or "mandatory minimum coverage requirement" [3]), individuals who are not covered by an acceptable health insurance policy will be charged an annual tax penalty of $95, or up to 1% of income over the filing minimum, [4] whichever is greater; this will ...
Coverage lapse notification: North Carolina insurance companies are legally required to notify the state’s DMV if a driver’s insurance coverage is canceled or lapses for any reason.
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The exact penalties depend on your state’s laws, your personal factors and whether or not your state’s DMV receives automatic electronic reports about lapsed or canceled insurance coverage ...
For premium support please call: 800-290-4726 more ways to reach us