Sentences with phrase «excess of policy»

You should think about more, for one simple reason: If you cause an accident, and the loss is in excess of your policy limits, you're on the hook for the difference.

This could potentially entitle residents who suffered property losses in excess of their policy limits to proceed against the landlord for those costs, as well as entitle residents with no renters insurance to do the same.

First, if there is a loss to your property caused by the landlord's negligence, and either your lease, the Sutton Rule, or your state prevents renters insurance subrogation, you and your renters insurance company have zero recourse to recover those funds, your deductible, or any expenses in excess of your policy limits.

Further, those costs are unfairly distributed because unreimbursed expenses, such as those in excess of a policy limit or deductibles, are borne by the parties in proportion to the size of the loss.

Plan F: When a covered Injury or Illness is incurred by the Insured Person, the Company will pay 80 % of Reasonable and Customary medical charges for Covered Expenses, excess of the Policy Period Deductible as stated on the ID Card, up to the Medical Maximum as stated on the ID Card.

Plan E: When a covered Injury or Illness is incurred by the Insured Person, the Company will pay 100 % of Reasonable and Customary medical charges for Covered Expenses, excess of the Policy Period Deductible as stated on the ID Card, up to the Medical Maximum as stated on the ID Card.

Under a collateral assignment, the creditor is entitled to be reimbursed out of policy proceeds for the amount owing to him or her; the beneficiary is entitled to any excess of policy proceeds over the amount due the creditor in the event of the insured's death.

By contrast, as noted above, surrendering the policy could cause a taxable gain (as would taking withdrawals in excess of the policy's cost basis, if the policy even allows withdrawals in the first place).

Under Access Plus, New York Life pays the future required premiums and may be able to offer a lump sum of cash to you in excess of your policy's cash value.

When a policy lapses, any outstanding loans are treated as cash value distributions and subject to taxation on any amount in excess of the policy basis.

In general, partial withdrawals from a permanent life insurance policy in excess of the policy's basis are taxable, and limited circumstances exist where death proceeds will be taxable.

If the Insured Person is traveling outside the United States: The Company will pay 100 % of Usual, Reasonable and Customary medical charges for Covered Expenses, excess of the Policy Period Deductible as stated on the ID Card, up to the Medical Maximum as stated on the ID Card.

The beneficiary is entitled to any excess of policy proceeds over the amount due the creditor in the event of the insured's death.

If your Illinois injury lawyer files a lawsuit on your behalf and you win an amount in excess of the policy amount, you may be able to file suit against the defendant's insurance company and recover the entire amount of the verdict plus attorney's fees and more.

Other residents who have losses in excess of their policy limits or who don't have renters insurance are likely to be lining up to sue the negligent party.

2 The adjusted total premium is the initial single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain and any loans and accrued loan interest, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

You should think about more, for one simple reason: If you cause an accident, and the loss is in excess of your policy limits, you're on the hook for the difference.

This could potentially entitle residents who suffered property losses in excess of their policy limits to proceed against the landlord for those costs, as well as entitle residents with no renters insurance to do the same.

Further, those costs are unfairly distributed because unreimbursed expenses, such as those in excess of a policy limit or deductibles, are borne by the parties in proportion to the size of the loss.

Not exact matches

To cover claims in excess of what home and auto policies provide, insurers sell excess liability coverage (also known as an umbrella policy) in increments of $ 1 million.

The nation has pledged to shut down significant portions of excess capacity and lay off workers, but some analysts say the policy response so far has been incoherent.

Arguably, this excess optimism has led to an overly tight monetary policy, potentially inhibiting the creation of millions of new jobs.

Given these positive surprises, and because monetary policy must be forward - looking to achieve our inflation target, Governing Council's discussions focused on three main issues: first, the extent to which recent strength is signalling stronger economic momentum in Canada and globally; second, how heightened levels of uncertainty, particularly about US tax and trade policies, should be incorporated in our outlook; and third, how much excess capacity the economy currently has, and the growth rate of potential output going forward.

The best way to safeguard financial stability and improve the balance between economic and financial risk taking is to put in place policies that enhance the transmission of monetary policy to the real economy — thus promoting economic risk taking — and address financial excesses through well - designed macroprudential measures.

Excess Reserves and the ECB's Implementation of Monetary Policy Ulrich Bindseil (European Central Bank) Gonzalo Camba - Mendez (European Central Bank) Astrid Hirsch (European Central Bank) Benedict Weller (European Central Bank)

Excess liability protection is usually in the form of combined single limits, which doesn't set aside a set amount for bodily injury or property damage that the standard auto policy does.

North American Company will pay the bonus if we are crediting interest in excess of the guaranteed interest rate and the policy is in effect after the 10th policy anniversary.

[12] Nor does the notion that monetary policy operates by expanding the money supply (or base money) and this excess supply bids up demand for goods and services (and their prices) as people attempt to get rid of their excessive money balance.

It is asking too much of the single monetary policy instrument, namely, the targeted short - term interest rate to target both financial excesses and inflation.

Policy makers nonetheless are well aware of three critical facts: (1) An excess of liquidity in the economy tends to raise inflationary pressure.

Summers and other secular stagnation supporters argue that the level of interest rates needed to bring the economy back to full capacity is below the effective lower bound for monetary policy, so central banks are powerless to stimulate enough demand to use up excess supply.

But today's price divergence reminds us that Bitcoin's fixed number of coins was designed and intended to be independent of global government policies that create excess debt or excessive expansion that results increased inflationary expectations.

Xi Jinping's current policies — especially his aggressive anti-corruption campaign and his selective implementation of neo-Maoist ideological doctrines such as the mass line — are aimed at correcting the bureaucratic capitalistic and neoliberal ideological excesses of the Jiang Zeming era.

changes in government reimbursement for our services and / or new payment policies (including, for example, the expiration of the moratorium limiting the full application of the 25 Percent Rule that would reduce our Medicare payments for those patients admitted to a long term acute care hospital from a referring hospital in excess of an applicable percentage admissions threshold) may result in a reduction in net operating revenues, an increase in costs, and a reduction in profitability;

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

... As the size of the balance sheet and the quantity of excess reserves in the system decline, the Federal Reserve will be able to return to its traditional means of making monetary policy — namely, by setting a target for the federal funds rate.

Buying back stock should only be considered when we either can not invest (sometimes that's a function of regulatory policies) or when we are generating excess, unusable capital.»

I have been vocal in recent months on my views on excess supply in numerous commodities stemming from globalization, easy monetary policies, and the ubiquity of technology.

In terms of taxation, the excess of the cash surrender value of the policy (plus any outstanding loans) over your basis in the contract is treated as taxable income.

Because banks held few excess reserves, it took only modest adjustments to the size of the Fed's balance sheet, achieved by means of open - market purchases or sales of short - term Treasury securities, to make credit more or less scarce, and thereby achieve the Fed's immediate policy objectives.

While base rates kept at or close to zero for almost seven years and three massive asset - buying programs by the Fed have undoubtedly helped stabilize the US (and world) economy during and after the recession that followed the global financial crisis, the continuation of expansionary monetary policies is now supporting a growing excess of global liquidity that has been distorting the market signals sent by stock and bond prices and thus contributing to the growing volatility seen in recent weeks.

Ideally, policies at this time should address both the short - term cyclical problem of excess capacity and enhance the longer - term growth potential of the economy.

Nonetheless, 1) the rates move lower on positioning excess being unwound due to YTD performance pain and reversing technicals, along with 2) the potential «watering down» of the tax policy's USD - drivers need be monitored going - forward for all portfolios due to the high likelihood of causing a similar turn lower in the US Dollar.

It seems more logical to see the debt buildups decried by Rogoff as not simply exogenous events but rather the consequence of a growing excess of saving over investment and the easy monetary policies necessary to maintain full employment.

And if a policy lapses with an outstanding loan in excess of the cost basis, it's taxable.

However, the decision at each of the April meetings to maintain the current policy stance — expressed as a target for banks» excess reserves — was not unanimous, adding to speculation that the target may be reduced over coming months.

The monetary authorities of the US and Japan have reiterated that monetary policy will remain accommodative for the foreseeable future as the excess capacity that has built up as a result of the earlier period of economic weakness is seen as limiting inflationary pressures for some time.

The Fed's tendency to favor Treasury and agency securities when conducting monetary policy operations, though innocuous enough when banks hold only minimal excess reserves so that the Fed leaves only a relatively modest «footprint» on overall credit allocation, becomes a serious matter when banks pile - on excess reserves, turning the Fed into the central - bank equivalent of the abominable snowman.

That is the focus of the Old Testament's Jubilee proclamation, a policy designed to reduce the excesses of greed and to avoid splitting society into landed and landless factions.

One week later, the CENTURY challenged politicians to develop «an adequately planned national economy» (March 11, 1931), one that would enable federal policies to curb the excesses of capitalism.