When the Group expects some or all of a provision to be reimbursed, for example,
under an insurance contract, the reimbursement is recognized as a separate asset, but only when the reimbursement is virtually certain.
~ 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 ~
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 ~
You are required
under your insurance contract to cooperate with YOUR insurance company.
Under the insurance contract KLM was required to maintain insurance coverage and was liable for the full value of any shipments lost or destroyed.
The exception is when you are trying to obtain accident benefits
under your insurance contract with ICBC — such as payment of reasonable medical expenses.
Her ladyship referred to the case of Axa General Insurance Ltd v Gottlieb and Gottlieb [2005] EWCA Civ 112, [2005] 1 All ER (Comm) 445 and acknowledged that there was a well established common law rule that if a genuine claim made
under an insurance contract is dishonestly exaggerated, the whole claim will be dismissed; further, if money has already been paid pursuant to a claim under such a contract before the fraud is discovered, all the sums paid under that claim will be recoverable by the insurer, including any sum referable to the genuine part of the claim.
Before you enter into this insurance with us, you have a duty of disclosure
under the Insurance Contracts Act 1984.
Even though the Class 2 insured individual is not the policy owner or the relative of the policy owner, he or she is still covered
under the insurance contract as long as he or she is lawfully occupying the vehicle.
Not exact matches
Broker - dealers that have «proprietary products, affiliated mutual funds and
insurance products,» Reish says, «almost have to go
under the best interest
contract exemption because they can't really do level fee;... the fees have to be level, not only for the individual advisor but for the BD and all related parties — including the
insurance company and mutual fund manager.»
Generally, amounts you receive
under a life
insurance contract paid by reason of the death of the insured are not included in your gross income; such proceeds are received tax - free.
Under English law, which often applies to such policies involving international trade, because
insurance contracts are «of the utmost good faith», the policyholder is required to disclose all «material» facts to the
insurance company even if no question is asked by the
insurance company.
Under the economic benefit regime, the owner of the life
insurance contract is treated as transferring economic benefits to the non-owner.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate
insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral
under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those
under our credit facilities, derivatives, contingent obligations,
insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth
under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
WASHINGTON — State Farm
Insurance says it will not be accepting liability
under the Best Interest
Contract (BIC) on the sale of annuities or mutual funds by the more than 12,000 of its agents throughout the U.S. who have licenses to sell securities.
N.J.S.A. 18A: 40 - 41.5 (2010) provides immunity from liability for school districts for the death or injury of a person due to the action or inaction of persons employed by or
under contract with a youth sports team, provided there is an
insurance policy of not less than $ 50,000 per person per incident, and a statement of compliance with the school district or nonpublic school's policies for the management of concussions and other head injuries.
* A contribution toward health
insurance: Fully - paid health
insurance is gone
under the new
contract, with teachers agreeing to pay a flat dollar amount.
August 29, 2006 University of Chicago Hospitals and Health System and Humana announce agreement University of Chicago Hospitals and Health System and Humana Inc. announced today the signing of a
contract under which University of Chicago will provide healthcare services to individuals and families participating in Humana commercial health
insurance plans.
Nothing in this title shall add to or detract from any existing authority with respect to any program or activity
under which Federal financial assistance is extended by way of a
contract of
insurance or guaranty.
(i) The Contractor shall submit to the
Contracting Officer a request for reimbursement of the cost of the replacement or repair together with whatever supporting documentation the
Contracting Officer may reasonably require, and shall identify the request as being submitted
under the
Insurance clause of this
contract.
(b) If the contractor has insured the same aircraft against loss or destruction in connection with other operations, the amount of such
insurance coverage on the date of the loss or damage for which the Government may be responsible
under this
contract.
(e) The Contractor shall not make any allowance in the
contract price for the inclusion of any premium expense or charge for any reserve made on account of self -
insurance for coverage against any risk assumed by the Government
under this clause.
(i) Casualty, accident, and liability
insurance, as approved by the
Contracting Officer, insuring the performance of its obligations
under paragraph (c) of this clause.
Upon receipt of the statement required
under subsection (a)(2) or upon notice of a transfer of a life
insurance contract to a foreign person, each issuer of a life
insurance contract shall make a return (at such time and in such manner as the Secretary shall prescribe) setting forth --
However, they should also anticipate that their
contract value will not normally increase in value to the same extent as the equity or bond markets during market upswings, simultaneously mitigating
insurance company risk
under the guarantee.
Under current federal tax rules, you generally may take federal income tax - free withdrawals up to your basis (total premiums paid) in the policy or loans from a life
insurance policy that is not a Modified Endowment
Contract (MEC).
Generally, if you receive the proceeds
under a life
insurance contract as a beneficiary due to the death of the insured person, the benefits are not includable in gross income and do not have to be reported; any interest you receive is taxable and you should report it just like any other interest received.
For a permanent life
insurance policy to qualify for tax advantages
under the I.R.S. Code, the policy must be a life
insurance contract NOT be a modified endowment
contract («MEC»).
Established in 1998
under the Australian Securities and Investments Commission Act, 2001, ASIC is empowered by the Corporations Act, 2001, the
Insurance Contracts Act, 1984 and the National Consumer Credit Protection Act, 2009 to be responsible for the following in the financial industry in Australia:
Because life
insurance products and companies differ, not all riders and endorsements presented here are offered
under every life
insurance policy
contract or offered by every insurer.
Home buyers who have a 20 % Down - Payment (without mortgage
insurance) are now able to buy a home
under a
contract price of $ 766,187.
This term also refers to the settlement of a life
insurance policy
under the
contract's annuity options.
1
Under current federal tax rules, you generally may take income - tax - free partial withdrawals under a life insurance policy that is not a Modified Endowment Contract (MEC) up to your basis in the cont
Under current federal tax rules, you generally may take income - tax - free partial withdrawals
under a life insurance policy that is not a Modified Endowment Contract (MEC) up to your basis in the cont
under a life
insurance policy that is not a Modified Endowment
Contract (MEC) up to your basis in the c
Contract (MEC) up to your basis in the
contractcontract.
ONLY the
insurance company is legally obligated to perform as long as the owner fulfills his / her responsibilities
under the
contract.
Gain on a full surrender Gain on partial distributions IRA distributions TSA / ORP distributions Correction of excess contributions to IRAs Conversion of IRA assets to a Roth IRA Gain on surrender of Paid Up Additions (PUAs)(Note: Automatic surrender of PUAs for Value Pay is not a taxable event) Processing of Non-Forfeiture Option (NFO) to Extended Term
Insurance (ETI) or Reduced Paid Up (RPU) Interest earned on dividend accumulations Loan on a MEC Dividend used to reduce loan interest on a Modified Endowment
Contract (MEC) Dividend used to reduce loan on a MEC Compound of loan interest on a MEC Gain recognized on lapsed contract with a loan Collateral assignment on a MEC Non-qualified Annuity (NQA) Collateral Assignments Special interest paid on money held too long Interest earned on advance premiums 1035 exchange without paying off loan first Earnings on non-individual owner contracts for which an exception under section 72 (u) of the Internal Revenue Code does n
Contract (MEC) Dividend used to reduce loan on a MEC Compound of loan interest on a MEC Gain recognized on lapsed
contract with a loan Collateral assignment on a MEC Non-qualified Annuity (NQA) Collateral Assignments Special interest paid on money held too long Interest earned on advance premiums 1035 exchange without paying off loan first Earnings on non-individual owner contracts for which an exception under section 72 (u) of the Internal Revenue Code does n
contract with a loan Collateral assignment on a MEC Non-qualified Annuity (NQA) Collateral Assignments Special interest paid on money held too long Interest earned on advance premiums 1035 exchange without paying off loan first Earnings on non-individual owner
contracts for which an exception
under section 72 (u) of the Internal Revenue Code does not apply
A
contract of endowment
insurance either for another
contract of endowment
insurance that provides for regular payments beginning at a date not later than the date payments would have begun
under the
contract exchanged, or for a non-qualified annuity
contract.
A. Every credit services business, before it enters into a
contract with a consumer, shall file and maintain with the Commissioner, in form and substance satisfactory to him, a bond with corporate surety from a company authorized to transact business in the Commonwealth, or a letter of credit from a bank insured by the Federal Deposit
Insurance Corporation in an amount equal to 100 times the standard fee charged by the credit services business but in no event shall the bond or letter of credit required
under this section be less than $ 5,000 or greater than $ 50,000.
A variable annuity works like a
contract between an individual or business and an
insurance company,
under the terms of the
contract insurance company will make periodic payments to the annuity investor, beginning either immediately or at some future date.
Annuities — An annuity is a
contract between you and an
insurance company,
under which you make a lump - sum payment or series of payments.
«Credit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit
under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage
insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act
insurance program
under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for
insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act
insurance by the Federal Deposit
Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act
Insurance Corporation or the Federal Savings and Loan
Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act
Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation
under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a
contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed
under the Illinois Residential Mortgage License Act of 1987.
In relation to an
insurance contract, it is something that is specifically not covered
under the
insurance policy.
CRITICAL ILLNESS
INSURANCE Affordable and cost - effective insurance that pays out your mortgage balance should you contract a disease / medical condition covered under the policy whether you surviv
INSURANCE Affordable and cost - effective
insurance that pays out your mortgage balance should you contract a disease / medical condition covered under the policy whether you surviv
insurance that pays out your mortgage balance should you
contract a disease / medical condition covered
under the policy whether you survive or not.
MBIA issues
insurance policies insuring payments due on structured credit derivative
contracts and directly enters into credit derivative
contracts, which are marked - to - market through earnings
under the requirements of SFAS 133.
If the terms of a mortgage loan
contract requires a borrower to purchase both a homeowners»
insurance policy and a separate hazard
insurance policy to insure against loss resulting from hazards not covered
under the borrower's homeowners»
insurance policy, a servicer must disclose whether it is the borrower's homeowners»
insurance policy or the separate hazard
insurance policy for which it lacks evidence of coverage to comply with § 1024.37 (c)(2)(v).
Under both ERISA and IRS Codes, there are only two types of investments excluded: Life
Insurance Contracts and Collectibles such as works of art, rugs, jewelry etc..
1 The information regarding access to cash value assumes the
contract qualifies as life
insurance under Internal Revenue Code (IRC) Section 7702.
Once this period has passed and the annuitant has started to receive regular payments
under the
contract with the
insurance company, he or she will not be able to take any extra money out of the plan.
Under HMO health
insurance plans, doctors and other health care professionals
contract with the
insurance company to provide medical treatment and advice to their HMO health
insurance customers.
A feature that may be offered
under an annuity
contract in which the
insurance company promises an individual may withdraw a specified amount from an account, even if the account balance is reduced to zero: (1) for the life of the individual, or the joint lives of two individuals (e.g., the individual and spouse); or (2) for a specified period of time.
An annuity
contract under which the
insurance company promises to make payments beginning immediately or at some future date.