Not exact matches
As described in Chapter 5, the Bureau will not present an
application to the Credit Review Team and Council on Credit and Finance
until all prerequisite to
receipt of credit assistance, such as
receipt of a final NEPA determination,
receipt of a preliminary rating opinion letter (for TIFIA credit assistance), and satisfaction
of the eligibility requirements described in Chapter 3, have been satisfied.
Make a decision on an appeal with respect to eligibility within 30 calendar days upon
receipt of a complete appeal
application, but if a final decision is not made within 30 days, the applicant will be grated temporary eligibility
until a final decision is made.
This
receipt does not provide absolute interim insurance (during underwriting)
until the company acts on the
application, but stipulates that the company will assume the risk
of the death
of the insured after the date
of the
application if it later approves the
application or, more frequently, if the insured meets with the company's rules
of insurability for the plan applied for as
of the date
of the
application.