04 Feb Insurance Jargon, Decoded: Underwriting

Insurance underwriting is a term used to describe the process of assessing risk. Insurers want to make sure that they are collecting enough premium according to the individual’s risk. We use (the term) underwriting to describe an insurance application process. An underwriter or underwriting department are the individuals who are assessing...

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22 Dec CPP and EI Changes in 2016

What can we look forward to the following changes to CPP, EI maximums and RRSP limits in 2016: Contribution limits The 2016 RRSP dollar limit has increased to $25,370. Defined Contribution Pension Plan (DCPP) - $26,010 Deferred Profit Sharing Plan (DPSP) - $13,00 Defined Benefit Pension Plan maximum pension limit (DBPP)...

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26 Nov What does reasonable and customary mean?

Reasonable and customary limits apply to many areas of a benefit plan -- from dental to medical supplies to paramedical practitioners, like a massage therapists. These limits are put in place as an effort by the insurer to protect plan sponsors from paying for services...

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