Sentences with phrase «insurers under the terms of the policy»

Not exact matches

The policy requires most lenders and insurers to qualify the borrower under the Bank of Canada Benchmark rate for any mortgage / line of credit that is either a VRM or any fixed term of less than five years.

The information contained in this website is for illustrative purposes only and coverage under any pet insurance policy is expressly subject to the conditions, restrictions, limitations, exclusions and terms of the policy documentation issued by the insurer.

In Smigelski v. Potomac Insurance Co., the Maryland Court of Appeals affirmed a Montgomery County trial court's judgment in favor of an insurer, finding that under the terms of a workers» compensation policy that excluded coverage outside of Virginia a Virginia resident is not entitled to workers» compensation for injuries sustained while performing work in Maryland.

Under the terms of a life insurance policy, the insurer will generally make a payment upon the death of the insured.

Life Insurance is an agreement between an insurance company and a policyholder, under which the insurer guarantees to pay an assured some of the money to the nominated beneficiary in the unfortunate event of the policyholder's demise during the term of the policy.

In percentage terms of policies underwritten and percentage of total gross premium income by general insurers under rural obligation

Under the LIC's e-Term policy, the insurer agrees to pay an agreed sum assured in the event of his / her premature death during the policy term.

The following are not considered a settlement under state insurance regulations: • A loan from an insurer under the terms of the life insurance policy (e.g., a policy loan) • A loan from a third party where the policy's cash value is used as collateral (collateral assignment) • A beneficiary designation without a transfer of value • A beneficiary designation of someone with an insurable interest in the insured

Some insurers may allow a short - term rental (a week or several weekends) of your primary home under your home insurance policy.

Under most policies, you'll have to pay for long - term care services out of pocket for a certain amount of time, such as 30, 60 or 90 days, before the insurer starts reimbursing you for any care.

A 15 days free look period is provided by the insurer from the date of policy issued under which the insured can cancel the policy if he / she is dissatisfied with the policy terms and conditions.

Most of the time an insurer's exposure will be kept within strict limits and in terms of ordinary operations an insurer will have enough assets and additional insurance to offset the costs of paying benefits under individual policies.

Short term life insurance policies often have the option of being renewable, meaning each year (or 5 years, depending on the term) you essentially purchase a new policy with the same insurer, under the same terms.

If you visit Coverfox.com, you are accessible to compare quotes of different insurers under one roof, letting you choose the best term insurance policy for you!

Under the LIC's e-Term policy, the insurer, who should be at least 18 years of age, agrees to pay an agreed sum assured in the event of his / her premature death during the policy term.

It's important to be sure you understand what qualifies as disabled under the terms of the policy, and how long your insurer will allow you to receive coverage while not making the premium payments.

Under a second form of this option, the insurer uses the dividend to buy one - year term insurance in an amount up to the cash value of the policy.

In case the Master Policy is issued under Lender - Borrower category to any of the «Regulated Entities», the Member shall have an option to issue an authorization in favour of insurer to the effect that in the unfortunate event of the Member's death during the Coverage Term, the claim amount, if any payable under the Master Policy shall first be utilized for payment to Master Policyholder for the outstanding loan amount as specified in Master Policyholder's Credit Account Statement and the balance amount, if any, payable under the Master Policy will be payable to the Member's Nominees / legal heirs or legal representatives (as applicable).