Sentences with phrase «during lapse period»

For example, when changing policies, it is often important to complete the process in a particular manner so that a lapse in insurance is avoided, which would only leave you vulnerable to the possibility of a disaster in Westown happening during that lapse period.

Lapsed Policy Reinstatement: If the premium due remains unpaid by the end of the grace period, the policy gets lapsed and no life cover will be provided to you during lapse period.

During the no lapse period, the insurer guarantees the coverage will continue, even if the cash value drops to zero.

Mental harassment, responsibility and possible loss of money, in case of any accident, during the lapse period.

Not exact matches

Nearly every insurer raises rates for drivers that have had a «lapse in coverage», meaning policyholders who had no auto insurance in place for a period of time following a period during which you had insurance.

During the early period of Mongol rule, Christians were favored in the empire, but now after a lapse of seventy years, Islam again became the state religion in Persia.

The unexpended balance of each appropriation, less the commitments outstanding at the close of the fiscal year for which it was made, shall lapse at the close of such fiscal year; provided that nothing herein contained shall be construed to require the lapsing of appropriations which may be or are required to be made for an indefinite period or which include state refunds, allocations or grants applicable to said appropriations pursuant to any other provisions of law; and provided further that nothing herein shall be construed to prevent the making of appropriations or contracts for the construction of permanent public improvements or works not to be completed during the fiscal year, or the acquisition of property therefor, or the establishment of bond or capital accounts, sinking funds or reserve funds, and each such appropriation, account or fund shall continue in force until the purpose for which it was made shall have been accomplished or shall have been abandoned by a two thirds vote of the County Legislature.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

With this feature, premiums may be higher than normal, but as long as they're paid, your policy won't lapse during the guarantee period.

(b) Should a lapsed membership be reinstated, wins achieved during the period that the membership was considered lapsed will not be credited.

A person shall not have his license reinstated in New Mexico if, during the time period his license to practice in New Mexico was lapsed, his license in another state or jurisdiction was suspended or revoked for reasons for which the license would have been subject to suspension or revocation in New Mexico.

A person who, during the time period his license to practice in New Mexico was lapsed, was subject to any disciplinary proceedings resulting in action less than suspension or revocation in another state or jurisdiction, may, at the discretion of the board, have his license to practice in New Mexico reinstated on a probationary status for up to two years.

This time - lapse video shows how SFMOMA visitors interacted with Robert Rauschenberg's White Painting [three panel](1951) during a one - week period when the work was installed as part of the exhibition 75 Years of Looking Forward: The Anniversary Show (the painting was on view July 1, 2010 — January 16, 2011).

On a different country, here you have a study on 1583 temperature records of the USA during the period 1900 - 2000, a lapse long enough to set and «see» a trend.

Meanwhile, the insurance company, while collecting your premium, will not have to worry about paying your beneficiaries death benefits if you die outside of term life insurance coverage or during a period of policy lapse.

If the lapse in coverage is under 31 days, the vehicle owner has to prove to the PennDOT that the vehicle in question was not driven during the period of lapsed coverage.

The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.

If your policy lapses or is canceled at any time during the mandatory SR22 filing period, three years in most states, your insurer is required by law to notify the DMV so your driving privileges can again be revoked or suspended.

The residuary payments for policies arising out of policies which stand lapsed, surrendered or discontinued during the lock - in period shall be payable on the expiry of the lock - in period.

He also had the option of not taking the «gamble» by letting the policy lapse at that stage if, in his opinion, he could not afford the premium or was not likely to die during the 10 year period.

If the policyholder does not pay the premium even during the grace period after the expiry of the renewal date, the policy lapses.

If you fail to pay the premium even during this grace period, your policy will lapse.

Yes, the policy which has acquired a paid - up value or has lapsed due to the failure of premium payments can be renewed during the policy renewal period by paying the premium arrears along with the current interest rates.

Policy Lapse: If the insurance premium remains unpaid during the grace period in the first 3 policy years, the insurance policy lapses (together with riders) from the due date of the unpaid premium.

Well, you have two options here; exit the policy during the free - look period or let the policy lapse by not paying the annual premium payment.

The policy lapses in case the insured fails to clear all the dues during this period.

However, this lifeline comes with a rider that you can not make a claim if something were to happen to you during this interim period when your policy is in lapsed state, which means you will have to clear all medical bills and hospitalization expenses out of your own pocket.

If you again fail to pay your due premium during this period your policy will be lapsed.

Remember, it is better to return your policy and get the refund during the free look period, than to wait for the complete year to lapse the policy by not continuing to pay the premium.

If, however, a lapsed policy is not revived during the revival period, the policy is terminated without payment of any benefits.

Revival: In the event of premium not being paid even during the grace period, the policy would lapse.

If the policy has lapsed due to unpaid premiums, it can be revived paying these premiums along with interest and providing evidence of good health during this period.

If the insured person fails to pay the premium during the grace period, the policy lapses.

The charges would even be applicable to those aforementioned groups who were not even in the country during the time of their coverage lapse, or drivers who had no car at all to insure for a period of time.

During this period, no residuary payments on policies which have lapsed, been surrendered or discontinued will be made.

If a Life Policy was issued in February 2008, lapses 3 years later for nonpayment of premium and is reinstated in June 2011, resulting in new renewal dates and a new two year contestability period, will the policy pay benefits for «suicide» during this period since the original policy is over 2 years old?

During that 31 day period most companies will send at least two more premium due (or past due) notices and will also let your agent know that your policy is in danger of lapsing.

During that time period the super competitive permanent life insurance product, the no lapse guarantee universal life, came on the scene.