MVA is an acronym or abbreviation for ‘motor vehicle accident’. The term is most often used by insurance companies and insurance adjustors in regards to your injury claim.
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- Is MVA taxable? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE The short answer is no. Under the Income Tax Assessment Act 1997, the payment of a lump sum amount in relation to a motor vehicle accident, workers’ compensation or slip & fall compensation claim is not assessed as...
- What is a negative MVA? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE A company’s MVA is an indication of its capacity to increase shareholder value over time. … A negative MVA means the management’s actions and investments have diminished and reversed the value of capital contributed by shareholders. CALL US...
- What is a positive MVA? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE If the interest rates are higher at the time of withdrawal than when the contract was purchased, a negative MVA will apply. If interest rates are lower at the time of withdrawal than when the contract was purchased,...
- What is MVA annuity? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Many multi-year guaranteed annuity (MYGA) and fixed index annuity (FIA) contracts include a Market Value Adjustment (MVA) feature. An MVA allows the insurance company to give you a higher rate by protecting itself from bond market losses. …...
- What does ot stand for in insurance? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE OT – Other Party or Other Person. OTC – Other Than Collision. CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE...
- What does PIP stand for in insurance? CALL US NOW (Mon-Fri, 8am – 5pm PST) for a FREE QUOTE Personal injury protection Personal injury protection (PIP) helps pay for covered medical expenses caused by an auto accident. PIP can be used whether you’re at fault for an accident or not. It can also be extended to certain...
