Sentences with phrase «claims during a policy period»

However, even if you don't make a claim during the policy period, and your no claim bonus stays the same, or is even reduced, your premium may go up due to other factors.

Reporting Incidents which may become Claims The advantage of reporting a potential claim during the policy period when it happens, no matter how insignificant it may seem, is that later, if it does turn into a «claim,» the insurance company should respond even if the policy is no longer in force.

The policy is a «claims made» policy, meaning lawyers must report all claims or potential claims during the policy period.

It is required in original at the time of any claim during the policy period or at the time of availing of the maturity benefit of the policy (if any).

For instance, if a car owner wants to sell his / her car after the fourth policy anniversary, and never filed a claim during the policy period, then he / she is entitled to a 45 percent NCB discount.

A No Claim Bonus discount is awarded at the time of renewal if the insured does not make an OD claim during the policy period.

A No Claim Bonus is offered at the time of renewal if the insured does not make an OD claim during the policy period.

After reaching the aggregate limit, the insurer pays no additional claims during the policy period.

On the other hand, if the insurance company cancels your policy, it is usually because you have not made your payments or you have had an unusual amount of claims during the policy period.

When you purchase Alabama renters insurance, you're paying for the company to take on the risk of you having a claim during the policy period.

In case of a claim during your policy period, the No Claim Bonus (NCB) reduces but does not become nil, unlike in the case of a regular two wheeler annual policy

No Claim Bonus (NCB)- If you do not make a claim during the policy period, a No Claim Bonus is offered on renewals.

Good drivers who avoid accidents and do not make a claim during a policy period, get a discount on their premium when they renew their auto insurance policy.

Not exact matches

This policy, except for a prohibition on distribution during lunch periods, survived in court, but the larger issue, officials» claim of qualified immunity, remained to be decided.

New master policies provide better clarity on claims, and new financial requirements (Private Mortgage Insurer Eligibility Requirements, or PMIERs) ensure that MIs have adequate liquidity and claims - paying capacity during periods of stress.

The cost of the policy is certain to be higher than the actuarial cost (cost of claim x probability of claim during insured time period) of repair / replacement of a failed system, as the insurer would need to cover sales costs, operating expenses and profit in addition to the direct policy cost of system replacement.

During the period 2014 - 15 the total number of claims (no of policies) received by LIC of India are 7,55,901.

Certain types of professional liability policies are issued to cover claims made during the policy period rather than things that occurred during the policy period, but that doesn't mean you can backdate renters insurance.

If the company finds you lied about a health condition or lifestyle, it can raise your premium, cancel your policy or deny a beneficiary's claim to the death benefit, particularly during the two year contestability period.

Claims made insurance pays for claims made during the policy period, more or less without regard to when the act occClaims made insurance pays for claims made during the policy period, more or less without regard to when the act occclaims made during the policy period, more or less without regard to when the act occurred.

A claims - made policy protects an insured against covered claims or incidents that occur and are reported during the policy period.

In accordance with the DOL's «Temporary Enforcement Policy on Fiduciary Duty Rule,» it will not aggressively pursue claims during the transition period.

The policy at issue in this case, was crafted in such a way that in order to engage the insurer's duty to defend, it required the communication, during the policy period, by a third party, of an intention to hold the Jesuits responsible for damages.36 In this case, it was accepted by the parties, that if the claims were made within the temporal limits of the Policy, the duty to defend would have been engaged as the claims allege injuries that would fall within the policy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy at issue in this case, was crafted in such a way that in order to engage the insurer's duty to defend, it required the communication, during the policy period, by a third party, of an intention to hold the Jesuits responsible for damages.36 In this case, it was accepted by the parties, that if the claims were made within the temporal limits of the Policy, the duty to defend would have been engaged as the claims allege injuries that would fall within the policy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy period, by a third party, of an intention to hold the Jesuits responsible for damages.36 In this case, it was accepted by the parties, that if the claims were made within the temporal limits of the Policy, the duty to defend would have been engaged as the claims allege injuries that would fall within the policy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many faPolicy, the duty to defend would have been engaged as the claims allege injuries that would fall within the policy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy.37 In fact the Court found one of the claims was made within the policy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy period and therefore did trigger the insurer's duty to defend.38 The rest of the claims however were found not to have been communicated during the policy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy period and, as a result, the insurer did not have a duty to defend the actions.39 The determination of whether a policy will be «claims - made» or «occurrence based» will depend on many fapolicy will be «claims - made» or «occurrence based» will depend on many factors.

There's the per claim limit of a policy, so that's the most a carrier will pay for a single claim made during a policy period.

However, for a claim to even be considered for coverage, it has to be made during the policy period.

And then the second number is the aggregate limit of a policy, and it's the most a carrier will pay for all claims made during the single policy period.

As an initial matter, the insurer should determine whether the claim was actually made during the policy period.

If it was not made against the insured during the policy period, then the insurer can disclaim coverage for that reason alone, regardless of when the insured gave notice.1 If the claim was made during the policy period but the insured gave notice after the expiration of the requisite time frame for notice under the policy, then the ability to disclaim coverage will turn on whether the notice provisions are conditions precedent or covenants.2 This principle applies regardless of whether the policy is a claims - made or a claims - made - and - reported and reported.3 If the notice provisions are covenants, then late notice constitutes a breach of the policy by the insured, triggering application of Md..

An occurrence based policy responds to a claim for which the event creating the damage, or the damage itself, occurred during the time the policy was in force (i.e. within the start and end dates of the particular policy or renewal period).

They typically only respond to claims which first come to the attention of the insured during the current 12 month policy period and are reported to the insurer while the policy, or an extended reporting period they're under, is in effect.

For example, the Ontario Court of Appeal in Paquette v. TeraGo Networks Inc. 6 found that a term in a bonus policy that required the employee to be actively employed when the bonus is paid, without more, is not sufficient to deprive an employee of a claim for compensation for the bonus he or she would have received during the notice period.

The Court found that a term in a bonus policy that requires active employment when the bonus is paid, without more, is not sufficient to deprive an employee terminated without reasonable notice of a claim for compensation for the bonus he or she would have received during the notice period, as part of his or her wrongful dismissal damages.

In most EPLI policies, the event triggering coverage is a claim for an employment wrongful act which is first made during the policy period.

The court determined that in answering question 6 (c) in the affirmative and providing Lloyds with a copy of the Great American Notice, Coventree Inc. ensured that Lloyds was aware of the potential claims that could be made during the Lloyds Policy period.

This means that only those claims that are actually reported to Lawyers Mutual during the one - year policy period will be eligible for coverage, regardless of when the mistake occurred.

A policy providing liability coverage only if a written claim is made during the policy period or any applicable extended reporting period.

In the event you were to die and / or the company discovers the answers provided are not accurate during the contestibility period (typically 2 years from the start of the policy), the policy can be cancelled and any claim denied.

Claims - made policies are usually cheaper but they cover claims made during the policy periodClaims - made policies are usually cheaper but they cover claims made during the policy periodclaims made during the policy period only.

In the case of death of the policyholder during the policy period, the insurance company pays a death claim equal to the Sum Assured or Death Benefit.

A claims - made policy covers claims that are made during the policy period.

Claims may be made during the policy period or anytime thereafter.

Life insurance policies have a two - year «contestability period,» during which the life insurance company can refute a life insurance claim, or can drop the policy if the insured is found to have misrepresented anything from health status to a risky lifestyle, certain health habits such as smoking or severe depression.

First, the policy limits coverage to claims first made during the policy period.

Both, the contractor and the insurance company agree on a co-pay, the percentage related to what the insured will pay after the deductible and will establish an aggregate value, the maximum amount the insured will have to pay for a claim arising during the policy period.

Note that a claim is covered by the CGL only if the injury or damage occurs during the policy period.

You could receive a discount at renewal if for being claim - free during the previous policy period.

Some policies are more restrictive, requiring claims to be made and reported to the insurer during the policy period.

All claims - made policies stipulate that claims must be made during the policy period.

If the policy has been in force less than two years during the contestable period of the life insurance policy, then an insurance company may investigate the claim and then deny a claim for life insurance if suicide is the cause of death according to the NAIC.

The claim will be covered since the loss occurred during the policy period.