Sentences with phrase «income continuation»

Income Continuation Benefit: A regular income is paid if the policyholder experiences a loss of income upon injury or illness rendering him or her incapable of performing his or her nominated occupation.

No regulations prescribing income continuation or replacement plans existed.

~ The Insurance Act's provisions excluding subrogation in cases where the insured receives income continuation or replacement payments apply where the party paying the benefits is an insurer under an insurance contract, but do not extend to employers ~

This provision has received little judicial consideration, other than to note that it is «vague and confusing» (see Hammond v. DeWolfe, 2014 ABCA 81 at para 25), as there is no statutory definition for income continuation or replacement plans.

Many income continuation agreements include a provision to pay a death benefit so that, in the event of the employee's premature death, a beneficiary will receive continued benefits or a lump sum payment.

They include the Life Cover Benefit and Income Continuation Benefit.

The Alberta Insurance Act provided, in part, at s. 626.1 (now s. 570) that an award for a head of damages for which the claimant received benefits under a prescribed income continuation or replacement plan, or an income replacement plan or scheme, must be reduced by the aggregate of all payments both before and after the award.

Areas of law: Insurance law; Subrogation; Income replacement plan; Statutory exceptions ~ The Insurance Act's provisions excluding subrogation in cases where the insured receives income continuation or replacement payments apply where the party paying the benefits is an insurer under an insurance contract, but do not extend to employers ~

Typically provides coverage for an insured person, covered family members and covered passengers for certain reasonable and necessary expenses, such as medical and hospital expenses, income continuation, loss of services, and funeral expenses for bodily injury caused by a covered accident, regardless of who was at fault.

The Court noted that the legislation did not define «income continuation plan» or «income replacement plan», and that the term «income continuation plan» only appeared in a subsection regarding prescribed plans of this nature.

The Appellants argued that the temporary disability benefits constituted an income continuation plan and therefore fell outside the provisions of s. 626.1.

The Respondent argued that the Appellants» plan was not an income continuation plan because the payments were not identical to what Mr. Hammond's income would have been.

The Respondent further asserted that the terms «income continuation» and «income replacement» were interchangeable.

All payments in respect of the incident that the plaintiff receives after the trial of the action for income loss or loss of earning capacity under the laws of any jurisdiction or under an income continuation benefit plan.

(ii) for income loss or loss of earning capacity under the laws of any jurisdiction or under an income continuation benefit plan,

Net weekly payments for loss of income that are not being received by the insured person but are available to the insured person as a result of the accident under the laws of any jurisdiction or under any income continuation benefit plan, unless the insured person has applied to receive the payments for loss of income.

i. net weekly payments for loss of income that are being received by the person as a result of the accident under the laws of any jurisdiction or under any income continuation benefit plan, and

net weekly payments for loss of income that are not being received by the person but are available to the person as a result of the accident under the laws of any jurisdiction or under any income continuation benefit plan, unless the person has applied to receive the payments for loss of income.

Section 570 of the Insurance Act may reverse this jurisprudence, given that «a prescribed income continuation or replacement plan or scheme» is undefined.

Confusingly, Section 570 of the Insurance Act appears to make benefits under a prescribed income continuation or replacement plan or scheme» deductible from automobile accident claims.

Typically provides coverage for an insured person, covered family members and covered passengers for certain reasonable and necessary expenses, such as medical and hospital expenses, income continuation, loss of services, and funeral expenses for bodily injury caused by a covered accident, regardless of who was at fault.

It covers such expenses as medical and hospital care, income continuation, child care, loss of services, and funerals.

Personal Injury Protection — This covers medical, income continuation, and related expenses in case you or your passengers are injured.