I actually love this about them since you always know exactly when to expect a decision especially for clients who need
a policy by a certain date.
Not exact matches
Suicide Clause: A life insurance
policy provision that states if the insured dies
by suicide within a
certain period of time from the
date of issue (usually two years) the amount payable would be limited to the total premiums paid minus any
policy loans or outstanding premiums.
Tuition refund
policies vary
by school, but typically a school will only provide a partial refund for withdrawal after classes have begun, and will provide no reimbursement after a
certain date.
In
certain cases, if your
policy lapses, you can restore it
by providing acceptable evidence of insurability and bringing unpaid premiums plus interest up to
date.
A renewable portfolio standard is a state
policy that requires electricity providers to obtain a minimum percentage of their power from renewable energy resources
by a
certain date.
Suicide Clause: A life insurance
policy provision that states if the insured dies
by suicide within a
certain period of time from the
date of issue (usually two years) the amount payable would be limited to the total premiums paid minus any
policy loans or outstanding premiums.
A qualifying event can be anything that starts the terms of your insurance
policy, for example
by paying a premium or reaching a
certain date.
The
policy may also have an expiry period where you must convert
by a
certain date.
If you buy a term life insurance
policy, for example, you assume that your children will no longer be dependent upon you
by a
certain age and that you won't have a need for an insurance
policy after a
certain date.