Backdating rules

If you could do this, nobody would ever buy car insurance until after an accident happened.

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That is, they grant their executives stock options with an exercise price (or price at which the employee can purchase the common stock at a later date) equivalent to the market price at the time of the option grant.

They also fully disclose this compensation to investors, and deduct the cost of issuing the options from their earnings as they are required to do under the Sarbanes-Oxley Act of 2002.

Some states will the amount of backdate to six months.

A couple other important points about backdating and health insurance.

The backdating concern occurs when the company does not disclose the facts behind the dating of the option.

(To learn more, read .) In short, it is this failure to disclose - rather than the backdating process itself - that is the crux of the options backdating scandal. To be clear, the majority of public companies handle their employee stock options programs in the traditional manner.

Before long, there would be no car insurance industry and we’d all be paying for damages and injuries out of pocket.

Lawsuits would inevitably skyrocket, clogging our already over-burdened court system.

That’s fraud and you can sue to recover any out-of-pocket costs you incurred for medical bills during the period you thought you were covered.

Do you ever wish that you could turn back the hands of time?

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.

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