Definitions of Health Insurance Terms
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The Impact of Fair Trade Coffee on Economic Efficiency and the Distribution of Income
The Impact of Fair Trade Coffee on Economic Efficiency and the Distribution of Income Gareth P. Green Matthew J. Warning Dept. of Economics Dept. of Economics Seattle University University of Puget Sound Introduction Fair Trade Certified™ coffee is receiving increasing attention both by the public and by academic researchers. Fair Trade1 emerged as a response to the adverse conditions faced by small-scale coffee producers in developing countries. Individual small-scale producers have no direct access to international markets and must sell their coffee to local intermediaries. These intermediaries are widely perceived to have monopsonistic2 power in the coffee market at the level of rural communities. The weak bargaining power of producers results in the producers receiving prices below market value, an amount which is ultimately as little as two to four percent of the final retail price of coffee (Transfair, 2007). In addition to these difficult local conditions, coffee producers must also contend with the vicissitudes of the highly volatile global coffee market as illustrated in Figure 1. Coffee prices respond to many variables including weather conditions (particularly frosts in Brazil), pest infestations and the actions of traders and speculators in global coffee commodity exchange. This price instability results in dramatic income fluctuations for 1In this paper we follow the convention of the academic literature, capitalizing Fair Trade when used in reference to coffee certified under the Fairtrade Labeling Organizations International system, and using lower case when discussing more general issues of fairness in the international trading system. 2 Monopsony is analogous to monopoly but concerns the buyer’s side of the market. -
Non State Employer Group Employee Guidebooks
STATE EMPLOYEE HEALTH PLAN NON-STATE GROUP EMPLOYEES BENEFIT GUIDEBOOK PLAN YEAR 2020 - 2021 TABLE OF CONTENTS VENDOR CONTACT INFORMATION .............................................................................................................. 2 MEMBERSHIP ADMINISTRATION PORTAL .................................................................................................. 3 INTRODUCTION .............................................................................................................................................. 4 GENERAL DEFINITIONS ................................................................................................................................ 5 EMPLOYEE ELIGIBILITY ................................................................................................................................ 7 OTHER ELIGIBLE INDIVIDUALS UNDER THE SEHP .................................................................................... 9 ANNUAL OPEN ENROLLMENT PERIOD ...................................................................................................... 16 MID-YEAR ENROLLMENT CHANGES .......................................................................................................... 17 LEAVE WITHOUT PAY AND RETURN FROM LEAVE WITHOUT PAY …………………………………………22 FAMILY MEDICAL LEAVE ACT(FMLA), FURLOUGHS AND LAYOFFS ……………………………………….23 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT (HIPAA) ............................................ 24 FLEXIBLE SPENDING ACCOUNT PROGRAM - 2021 .................................................................................. -
Statutory Accounting Principles (E) Working Group Materials
Statutory Accounting Principles Working Group Additional Handouts June 13, 2009 1. Comment letter from Interested parties 2. Separate Account Subgroup Update and Referral 3. Principles Based Reserving Update 4. Ref # 2009-11 Accounting Practices and Procedures Manual Content Changes Additional Handout 1 - IP Comment Letter D. Keith Bell, CPA Rose Albrizio, CPA Senior Vice President Vice President Accounting Policy Accounting Practices Corporate Finance AXA Financial, Inc. The Travelers Companies, Inc. 212-314-5630; FAX 212-314-5662 860-277-0537; FAX 860-954-3708 Email: [email protected] Email: [email protected] June 10, 2009 Mr. Joe Fritsch, Chairman Statutory Accounting Principles Working Group National Association of Insurance Commissioners 2301 McGee Street, Suite 800 Kansas City, MO 64108-2604 RE: Comments on Other Than Temporary Impairments of Loan-backed and Structured Securities Dear Mr. Fritsch, We offer the following comments on Other Than Temporary Impairments of Loan- backed and Structured Securities, which represent the views of the interested parties included in the attached sign on list. Many companies (primarily property/casualty companies or P&C companies) prefer to make no change to statutory accounting. These differing views result from the current differences in statutory accounting rules for life companies eligible for IMR and AVR reporting, HMO, stand-alone health and P&C companies not eligible for AVR and IMR reporting as well P&C companies’ concerns about the added complexity involved in bifurcating credit and non credit losses. Background SSAP No. 43 Prior to the adoption of SSAP No. 98, the statutory accounting rules for other than temporary impairment (OTTI) of loan-backed and structured securities were governed by SSAP No. -
Employee Benefits Guide Document Is Available in a Larger Font
Employee Benefits Guide For Employees Who Are Members of the Seattle Police Officers’ Guild* 2021 *City Employees Covered by a Union Contract with Seattle Police Officers’ Guild Updated June 11, 2021 For assistance understanding the information in this document • Need to speak with someone in a language other than English? Call the Benefits Unit at 206-615-1340 and we will help you access Language Line Services. You will have access to an interpreter and a Benefits Unit staff member to answer your questions. • Hearing impaired? If you use a TDD, the City provides interpretation services. Call 7-1-1 or 1-800-833-6384 on your TDD. You will be connected with the Washington Relay Service. Give them the number of the party you want to call. They will call the person for you, then interpret information from your TDD to the person you are calling. • Visually impaired? This Employee Benefits Guide document is available in a larger font. To request an electronic copy, contact the Benefits Unit at 206-615-1340. • Would rather hear the information than read it? If your understanding is improved by having someone read or paraphrase information for you, you are invited to attend a benefits orientation. Orientations cover all City benefits and provide ample time for questions. You can meet with the presenter after the session if you have additional questions or questions you would like to ask confidentially. Orientations are held every other week. Orientations are held every other week – enroll on Employee Self-Service, Training section. If additional help is needed or you would prefer to speak to someone confidentially, please call the Benefits Unit at 206-615-1340. -
New Insurance for Newbuildi
The Swedish Club Letter 2–2006 Insurance New Insurance for Newbuildi ■■ The Swedish Club is one of very few marine insurance companies that offer a range of products Tord Nilsson broad enough to cover most of the needs of ship- Area Manager owners. Team Göteborg I We will soon complement the products we have by adding an insurance that specifi cally targets the needs of shipowners with newbuildings on order. Our fi rst contact with owners has traditionally been when they have started to look for suppliers of H&M, P&I Cover for liabilities in respect and FD&D insurances. We do in some cases cover FD&D for newbuildings and of superintendents and for the crew whilst travelling to and from the shipyard just prior to delivery. We feel that owners need to start looking at their insurable interests long other shipowners’ personnel before delivery, as there are risks relating to the newbuilding that could affect attending at newbuildings owners adversely. Only a few owners currently do this. Our Newbuilding Risks Insurance is one product and it encompasses three areas: 1. Cover for liabilities in respect of superintendents and other shipowners’ ■■ personnel attending newbuildings. The P&I cover 1that can be offered by a This insurance includes liabilities under the terms of the employment contract to club in the Internatio- Annica Börjesson pay damages or compensation for personal injury, illness or death of the superin- nal Group is ultimately Claims Executive tendent whilst attending the NB site or travelling to and from the site. regulated by the Poo- Team Göteborg I < Hospital, medical, repatriation, funeral or other expenses necessarily incurred ling Agreement, “the in relation to the superintendent whilst attending the NB site. -
Consumers Guide to Auto Insurance
CONSUMERS GUIDE TO AUTO INSURANCE PRESENTED TO YOU BY THE DEPARTMENT OF BUSINESS REGULATION INSURANCE DIVISION 1511 PONTIAC AVENUE, BLDG 69-2 CRANSTON, RI 02920 TELEPHONE 401-462-9520 www.dbr.ri.gov Elizabeth Kelleher Dwyer Superintendent of Insurance TABLE OF CONTENTS Introduction………………………………………………………………1 Underwriting and Rating………………………………………………...1 What is meant by underwriting and how is it accomplished…………..1 How are rates and premium charges determined in Rhode Island……1 What factors are considered in ratemaking……………………………. 2 What discounts are used in determining final premium cost…………..3 Rhode Island Automobile Insurance Plan…………………..…………..4 Regulation of Rates……………………………………………………….4 The Tort System…………………………………………………………..4 Liability Coverages………………………………………………………..5 Coverages Other Than Liability…………………………………………5 Physical Damage to the Automobile……………………………………..6 Other Optional Coverages………………………………………………..6 The No-Fault System……………….……………………………………..7 Smart Shopping……………………………………………………………7 Shop for True Comparison………………………………………………..8 Consumer Protection Available...…………………………………………8 What to Do if You are in an Automobile Accident………………………9 Your State Insurance Department………………………………….........9 Auto Insurance Buyer’s Worksheet…………………………………….10 Introduction Auto insurance is an expensive purchase for most Americans, and is especially expensive for Rhode Islanders. Yet consumers rarely comparison-shop for auto insurance as they might for other products and services. Auto insurance companies vary substantially both in price and service to policyholders, so it pays to shop around and compare different insurance companies. This guide to buying auto insurance was developed to help you become a more knowledgeable policyholder and to get the combination of price and service best suited to your needs. It provides information on how to shop for coverage and how insurance premiums are determined. You will also find an Auto Insurance Buyer’s Worksheet in the guide to help you compare premium prices among insurers. -
786-1 Credit for Reinsurance Model Regulation
NAIC Model Laws, Regulations, Guidelines and Other Resources—Summer 2019 CREDIT FOR REINSURANCE MODEL REGULATION Table of Contents Section 1. Authority Section 2. Purpose Section 3. Severability Section 4. Credit for Reinsurance—Reinsurer Licensed in this State Section 5. Credit for Reinsurance—Accredited Reinsurers Section 6. Credit for Reinsurance—Reinsurer Domiciled in Another State Section 7. Credit for Reinsurance—Reinsurers Maintaining Trust Funds Section 8. Credit for Reinsurance––Certified Reinsurers Section 9. Credit for Reinsurance—Reciprocal Jurisdictions Section 10. Credit for Reinsurance Required by Law Section 11. Asset or Reduction from Liability for Reinsurance Ceded to Unauthorized Assuming Insurer Not Meeting the Requirements of Sections 4 Through 10 Section 12. Trust Agreements Qualified Under Section 11 Section 13. Letters of Credit Qualified Under Section 11 Section 14. Other Security Section 15. Reinsurance Contract Section 16. Contracts Affected Form AR-1 Certificate of Assuming Insurer Form CR-1 Certificate of Certified Reinsurer Form RJ-1 Certificate of Reinsurer Domiciled in Reciprocal Jurisdiction Form CR-F Form CR-S Section 1. Authority This regulation is promulgated pursuant to the authority granted by Sections [insert applicable section number] and [insert applicable section number] of the Insurance Code. Section 2. Purpose The purpose of this regulation is to set forth rules and procedural requirements that the commissioner deems necessary to carry out the provisions of the [cite state law equivalent to the Credit for Reinsurance Model Law (#785)] (the Act). The actions and information required by this regulation are declared to be necessary and appropriate in the public interest and for the protection of the ceding insurers in this state. -
Auto Insurance and How Those Terms Affect Your Coverage
Arkansas Insurance Department AUTOMOBILE INSURANCE Asa Hutchinson Allen Kerr Governor Commissioner A Message From The Commissioner The Arkansas Insurance Department takes very seriously its mission of “consumer protection.” We believe part of that mission is accomplished when consumers are equipped to make informed decisions. We believe informed decisions are made through the accumulation and evaluation of relevant information. This booklet is designed to provide basic information about automobile insurance. Its purpose is to help you understand terms used in the purchase of auto insurance and how those terms affect your coverage. If you have questions or need additional information, please contact our Consumer Services Division at: Phone: (501) 371-2640; 1-800-852-5494 Fax: (501) 371-2749 Email: [email protected] Web site: www.insurance.arkansas.gov Mission Statement The primary mission of the State Insurance Department shall be consumer protection through insurer insolvency and market conduct regulation, and fraud prosecution and deterrence. 1 Coverages Provided by Automobile Insurance The automobile insurance policy is comprised of several separate types of coverages: COLLISION, COMPREHENSIVE, LIABILITY, PERSONAL INJURY PROTECTION, UNINSURED MOTORIST, UNDERINSURED MOTORIST and other coverages. You are required by law to purchase liability protection only. All others are voluntary unless required by a lienholder. LIABILITY Under Legislation passed in 1987 and 1999, it is unlawful for any person to operate a motor vehicle within this state unless the vehicle is insured with the minimum amount of liability coverage: $25,000 for bodily injury or death of one person in any one accident; $50,000 for bodily injury or death of two or more persons in any one accident and $25,000 for damage to or destruction of the property of others. -
Credit for Reinsurance Model Regulation
Model Regulation Service—January 1997 CREDIT FOR REINSURANCE MODEL REGULATION Table of Contents Section 1. Authority Section 2. Purpose Section 3. Severability Section 4. Credit for Reinsurance—Reinsurer Licensed in this State Section 5. Credit for Reinsurance—Accredited Reinsurers Section 6. Credit for Reinsurance—Reinsurer Domiciled and Licensed in Another State Section 7. Credit for Reinsurance—Reinsurers Maintaining Trust Funds Section 8. Credit for Reinsurance Required by Law Section 9. Asset or Reduction from Liability for Reinsurance Ceded to Unauthorized Assuming Insurer Not Meeting the Requirements of Sections 4 Through 8 Section 10. Trust Agreements Qualified Under Section 9 Section 11. Letters of Credit Qualified Under Section 9 Section 12. Other Security Section 13. Reinsurance Contract Section 14. Contracts Affected Form AR-1 Certificate of Assuming Insurer Section 1. Authority This regulation is promulgated pursuant to the authority granted by Sections [insert applicable section number] and [insert applicable section number] of the Insurance Code. Section 2. Purpose The purpose of this regulation is to set forth rules and procedural requirements that the commissioner deems necessary to carry out the provisions of the [cite state law equivalent to the Credit for Reinsurance Model Law] (the Act). The actions and information required by this regulation are declared to be necessary and appropriate in the public interest and for the protection of the ceding insurers in this state. Section 3. Severability If any provision of this regulation, or the application of the provision to any person or circumstance, is held invalid, the remainder of the regulation, and the application of the provision to persons or circumstances other than those to which it is held invalid, shall not be affected. -
Kentucky Health Cooperative Guide to Using Your Health Insurance Plan
KENTUCKY HEALTH COOPERATIVE, INC. THE WAIT IS OVER! I HAVE HEALTH INSURANCE. NOW WHAT? A Guide to Using Your Health Insurance Plan Brought to You By Kentucky Health Cooperative, Inc. 1-855-687-5942 #KYHC #GetHealthyKy www.mykyhc.org CONGRATULATIONS ON YOUR HEALTH PLAN DECISION! This booklet may provide new information about your health insurance plan. Or, it may serve as a refresher. Either way, we hope you fi nd it helpful. Note: Examples in this guide do not refl ect specifi c plans. If you are a Kentucky Health Cooperative plan member, please contact your agent with questions. Or, you may call Member Services at 1-855-687-5942 for details about costs and features of plans. NOTES ABOUT MY PLAN Year: _______________________________________________________________ Effective Date: ______________________________________________________ Premium Due Date: __________________________________________________ Name/Phone Number, Email Address of Insurance Agent, kynector, or Other Person Who Helped Me: ________________________________________ ____________________________________________________________________ The Name of My Plan Is: _____________________________________________ My Member ID: _____________________________________________________ My Primary Care Provider Is: _________________________________________ Phone number: ______________________________________________________ My Provider’s Website URL: __________________________________________ My Specialists: ______________________________________________________ ____________________________________________________________________ -
Stronger Together
Stronger Together 2020 ANNUAL REPORT Stronger Together | 2020 Annual Report OUR VISION To be a great company committed to improving the lives of people in the communities in which we operate. 1 TABLE OF CONTENTS FINANCIAL HIGHLIGHTS 2 SAGICOR GROUP CHAIRMAN’S REVIEW 5 SAGICOR GROUP PRESIDENT & CHIEF EXECUTIVE OFFICER’S MESSAGE 7 BOARD OF DIRECTORS 10 EXECUTIVE MANAGEMENT 16 GROUP ORGANISATIONAL CHART 22 CORPORATE & SOCIAL RESPONSIBILITY 24 HUMAN CAPITAL REPORT 39 INNOVATION & TECHNOLOGY 45 MANAGEMENT DISCUSSION & ANALYSIS 46 INDEX TO THE CONSOLIDATED FINANCIAL STATEMENTS 130 SHAREHOLDER INFORMATION 308 OFFICES 310 2 FINANCIAL HIGHLIGHTS SHAREHOLDERS’ RETURNS NET INCOME 1 COMMON DIVIDENDS BOOK VALUE PER SHARE3 7.59 7.81 8.50 8.83 7.66 (4) 87 37 62 60 33 15 15 15 14 2020 20192 2018 2017 2016 2020 20192 2018 2017 2016 2020 2019 2018 2017 2016 1 from continuing operations 2 2020 2019 2018 2017 2016 2 before Alignvest Acquisition II Corporation transaction costs 3 3 Basic earnings per share (2.4¢) 57.5¢ 51.7¢ 88.7¢ 84.4 under the Alignvest transaction, Sagicor Financial Corporation Limited common shares not purchased for cash, were exchanged for common shares of Sagicor Financial Company Ltd on an exchange 1,2 ratio of one Sagicor Financial Company Ltd. common share for 4.328 of Sagicor Financial Corporation Limited common shares (“Exchange Ratio”). This exchange ratio has been used to convert the 2018 Return on shareholder’s equity (0.3%) 10.50% 6.20% 11.30% 12.30 and prior years outstanding shares to the Sagicor Financial Company Ltd equivalent. -
Module 15: Other Sources of Health Insurance and Prescription Drug Coverage
OTHER SOURCES OF HEALTH INSURANCE AND PRESCRIPTION DRUG COVERAGE MODULE 15: OTHER SOURCES OF HEALTH INSURANCE AND PRESCRIPTION DRUG COVERAGE Objectives HIICAP counselors will learn about employer retiree plans and how they work with Medicare. Additionally, counselors will learn about COBRA, New York State of Health, Veterans Administration Health Benefits, and TRICARE for Life, and be provided with resources on other available services that may be useful to uninsured or underinsured clients. What kind of health plans do employers offer to retirees? ▪ Some employers offer a Health Maintenance Organization (HMO) as an alternative to their fee- for-service health plans. ▪ Some employers provide retiree plans that pay Medicare deductibles and coinsurance when employees become eligible at age 65. ▪ Other employers may offer a basic Medigap plan to their retirees. What is COBRA? COBRA is a federal program that allows former employees to keep their employer-sponsored group health plans under most circumstances. What is New York State of Health: The Official Health Plan Marketplace? ▪ New York State of Health (NYSOH) is a statewide online marketplace for state residents to receive information about health insurance options. Through NYSOH, consumers can enroll in subsidized or unsubsidized Qualified Health Plans (QHPs) as well as public insurance programs like Medicaid, Child Health Plus, and Essential Plans (EPs). ▪ Most Medicare enrollees are not eligible to purchase QHPs or EPs. Medicare enrollees can be eligible for Medicaid but will need to enroll through their Local Department of Social Services (LDSS). Current Medicaid beneficiaries insured through NYSOH who become eligible for Medicare will need to have their Medicaid cases transferred to the LDSS.