Definition of backdating

04-Dec-2017 20:21

What backdate means in Hindi, backdate meaning in Hindi, backdate definition, examples and pronunciation of backdate in Hindi language.

Backdating, by definition, is the practice of putting a calendar date on any document that is earlier than the date on which that document was actually written. Backdating Car Insurance Policies Backdating a car insurance policies is illegal and something no reputable insurance company or agent would ever do. Because it implies that you had coverage on your vehicle before you actuallydid.

And this is why defenses to backdating sometimes get hard for me to understand.That would have the effect of turning the car insurance industry’s risk-assessment-based business model on its head.Before long, there would be no car insurance industry and we’d all be paying for damages and injuries out of pocket.A couple other important points about backdating and health insurance.

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1) If you divorce and don’t tell the insurance company so that your ex can remain covered under your policy, your ex could end up beingcharged for any medical claims paid by the insurer all the way back to the date of the divorce.Last October I interviewed Scott Mc Nealy, CEO of Sun Microsystems (SUNW), for a different story, and I brought up the subject of options backdating.