Sentence examples for policyholders approve from inspiring English sources

If Standard Life's 2.5 million policyholders approve the proposed demutualisation on May 31, Crombie must then prove he is the right man to lead the listed company.

Blue Cross policyholders approved the $321 million buyout by the Indianapolis-based Anthemonthurance Comonthes last month.

Prudential Financial Inc. said that policyholders approved the No. 2 life insurer's plans to convert to a stockholder-owned company.

The company said that 2.6 million, or 93percentt, of 2.8 million voting policyholders approved the company's plan to drop its policyholder-owned mutual status and list shares on the New York Stock Exchange.

With the simple stroke of a pen, Alabama became the first state in the nation to approve "forced arbitration" clauses in insurance policies, abolishing policyholders' rights go to court against insurance companies or insurance agents for payment of their claims - even if the agent stole the policyholder's money.

The directors of Anthem, which is based in Indianapolis, voted earlier in the week to develop a plan for the reorganization, which would have to be approved by policyholders and regulators in Indiana.

But, Mr. Corcoran, who was insurance superintendant when the law was enacted, said that such details must be explained in a public plan for reorganization and must be approved by policyholders and the state's Insurance Department.

MBIA's structured finance arm has been able to make large payments to policyholders only by borrowing $1.6 billion from its municipal insurance unit, but the regulator is now refusing to approve more loans.

The company said its board approved a policyholder dividend of $1.46 billion in 2001, an amount $74 million greater than the dividend in 2000.

What isn't being discussed — although it should be — is the obstacle course that insurance companies and middlemen often make policyholders navigate just to get claims approved, often for chronic conditions.

A bill that would enable Prudential Insurance Company of America, based in Newark, to convert from a company owned by policyholders to one owned by shareholders was approved by legislative committees in both houses last week amid criticism that the bill does not provide adequate protection for the company's 11 million policyholders, including about one million in New Jersey.