Coverage Term definition

Coverage Term. All insurance required herein shall be maintained in full force and effect until Work required to be performed under the terms of the Contract are satisfactorily completed and formally accepted; failure to do so may constitute a material breach of this Contract, at the sole discretion of the TOWN. In the event any insurance policy(ies) required by this contract is(are) written on a “claims made” basis, coverage shall extend for two(2) years past completion and acceptance of the CONTRACTOR’s work or services, as evidenced by annual Certificates of Insurance.
Coverage Term means the period of Coverage for which the Life Insured is covered under the Policy, commencing from the Effective Date of Coverage to the Termination Date of Coverage and shall be of a term as mentioned in the Policy Schedule attached herewith & as mentioned in the Certificate of Insurance.
Coverage Term means the increment of time:

Examples of Coverage Term in a sentence

  • If the Convertible Supplemental Coverage Term Rider is present, the face amount attributable to that rider is added to the DB.

  • During the Term, the Company shall bear all costs and expenses of the Insurance Coverage for the Consultant and the Consultant's spouse but at all times thereafter during the Coverage Term, the Consultant shall bear the premium costs and shall be responsible for all co-payments, deductibles, and all other costs in the same manner and to the same extent as the active employees of the Company with respect to such Insurance Coverage.

  • These rates will not exceed those shown in the Table of Maximum Monthly Cost of Insurance Rates for the Supplemental Coverage Term Rider.

  • The Face Amount of the Policy, any Supplemental Coverage Term Rider and any Adjustable Benefit Term Rider will be decreased, if necessary, to equal the Death Benefit less the Cash Value on the effective date of the change.

  • The Company will therefore recognize the annual payments associated with the exclusive rights and maintenance over the Coverage Term using a time-based measure toward complete satisfaction of the performance obligation.


More Definitions of Coverage Term

Coverage Term means the following individ- ual increment, or if a multi-year policy period, increments, of time, which comprise the policy period of this Coverage Part:
Coverage Term means the period for which insurance cover is provided to individual Scheme Member at the Entry Date.
Coverage Term. This is the years of coverage, varying from one (1) to five (5) year(s), you receive under this Service Agreement, starting on the Coverage Start Date which begins after any Waiting Period. The Service Agreement is inclusive of any US manufacturer’s warranty that may exist during the Coverage Term. It does not replace the manufacturer’s warranty, but provides certain additional benefits during the term of the manufacturer’s warranty. This term of this Agreement is extended for the duration of any time that the item is being repaired under this Service Agreement.
Coverage Term means the following individual increment, or if a multi-year "policy period", in- crements, of time, which comprise the "policy period" of this Coverage Part:
Coverage Term means the period of Coverage for which the Life Insured is covered under the Policy, commencing from the Issue date of the policy to the Termination Date of Policy.
Coverage Term means the following individu- al increment, or if a multi-year "policy period", increments, of time, which comprise the "poli- cy period" of this Coverage Part:
Coverage Term means the period of Coverage for which the Life Insured is covered under the Policy, commencing from the Effective Date of Coverage to the Termination Date of Coverage and shall be of a term of at least three completed years but not exceeding thirty completed years and as mentioned in the Certificate of Insurance.